Beware of Core Competence

“Core competence.”  We’ve all heard about it.  The idea of core competence is one of the most sacred in business.  It’s standard in every MBA playbook.  It can also be so fundamentally misunderstood that it’s a trap for the unwary.  Beware! (more…)

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Business Malpractice and the Dangers of Theory

“Businesspeople” – be they managers, executives, entrepreneurs or investors – are among the most voracious creators and consumers of “theory” on the planet.  This is because businesspeople thrive or perish by the quality of their decisions, so any theory that improves those decisions is precious indeed.  Yet there’s a problem.  While certain disciplines routinely teach the rigors of theory building, it’s all too often absent in business education and practice.  This will not do. (more…)

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