Global Strategy - blog

Ok, this might be a long shot, but I'll let it go anyway. After a long weekend of homo oeconomicus -bashing at Philosophy of Management conference, I could not but read Michel Foucault's Madness and Civilization with the same glasses on. Naturally, he discusses madness (which is far from economics), quoting Louis-Sébastien Mercier:

Associated with some themes of this blog, I just came across this video...

In strategic management literature, the human capital implicated in a firm's employees has already for a couple of decades been considered as an important strategic resource (or asset) for a firm. Obviously, in "knowledge economy", the value of this particular type of knowledge has become increasingly important, especially in knowledge-intensive and creative industries (such as financial services, IT, or biotechnology)

When national governments and politicians make decisions about economic policies, they often shape the viability of businesses at the industry level.

The presentation was given by Prof. Robert Shiller the other day. Chaired by the director of the LSE, Howard Davies, this very topical and interesting public lecture may have practical consequences as well.

The dynamics between a firm's strategy and finance is one major research focus in GloStra (see e.g. http://www.glostra.fi/research/business-model-evolution, as well as http://www.glostra.fi/faculty/hse/120-jaakko-aspara). Therefore, it is interesting to ponder what implications the current financial crisis and looming recession have for the relationships between firms' strategies and finance options, such as venture capital.

Nassim Nicholas Taleb agreed to give ‘a boring philosophy lecture' at LSE approximately six months ago, discussing mainly epistemology. Retrospectively not surprisingly, the focus of his attention was shifted to our contemporary financial turmoil (which also resulted in a flood of spectators and a spillover room). Hence the name of his lecture, ‘Decisions, Probability and Beliefs: beware Mickey Mouse probability'. The details of his argument are available and discussed elsewhere .