We already knew that the economy tends to sort itself out. Not always, of course, since there are no fully automatic mechanisms, except in the field of physics. In human activities, the presence of human beings continues to be a source of irritation. Things would run so smoothly if we were all machines without our…

Last week I attended a conference of business school administrators hosted by IESE Business School. The theme was "Quality in context: Management education for the developing world," and the focus was on Africa. In one of the panels, a leader from one of the most prominent MNCs, which has operations in 13 African countries, highlighted…

The fall of the Berlin Wall, which happened exactly 25 years ago, marked the dawn of a very complex transitional period for Eastern European countries. Yet even amid the tough environment, some entrepreneurs were able to overcome all the barriers and start businesses, some of which have since become thriving multinationals. At that time, entrepreneurs…

While many environmental issues can be delegated to specialists and operational managers, there are five key strategic...