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In principle, a business ought to thrive when its leaders make good plans (plans that provide for compensation greater than the risk implied in those plans), and its people bring those plans to fruition. However, in practice, dynamic causeand-...
Ed Truitt, Manager of Finance and Administration for Sampson's American Sandpaper Division (ASD), returned to his office late on Friday afternoon. He and his staff had just wrapped up prep-aration of the divisional budget for the coming year....
In this article, we review the challenges to the current economic system and then proceed by presenting two competing paradigms—the economistic and humanistic paradigms of business. We then develop the consequences of the humanistic view for...