The rather significant ass-u-m-ption in using the term value chain (VC) as opposed to supply chain is that only processes or people that add value to a product or service are considered to be a part of the value chain. In reality, this is often not the case, especially where middlemen often are observed to […]
“Government of the people, for the people, by the people,” so spoke Abraham Lincoln, the sixteenth President of the United States in 1863. All very well and it works for many. But the reference to Lincoln here is not to launch into a political discourse on the merits and shortcomings of popular democracy. It is […]
“I believe skepticism & doubt are the first steps to knowledge” says Adrian Furnham, author of the book Mad, Sad & Bad Management. This rather amusing and enlightening book includes an abundance of analyses on aspects of contemporary business and management. Its central theme is focused on incompetence rather than competence, stupidity rather than wisdom […]
Historically, companies existed to produce goods and services in a profitable way. Nowadays, companies additionally need to answer the requests to contribute to sustainable development and reduce the burdens they impose on their stakeholders. Both of these views are merged in a recently developed management approach. Professor Frank Figge of Queen’s University Belfast (UK) and […]
