Corporate Governance and Ethics 2008
DOI: 10.4337/9781848442948.00004
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Foreword by Jeffrey Pfeffer

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“…In scientific communities, paradigms reflect research methodologies, curriculum, and topical research issues. In the business community, these paradigms are consensus on marketing strategies, profits, and connections between operations and strategies (Pfeffer, 1981). For the purposes of sensemaking, paradigms are sets of recurrent and quasi-standard illustrations that show how theories of action are applied conceptually, observationally, and instrumentally to representative organizational problems.…”
Section: The Dynamics Of Sensemakingmentioning
confidence: 99%
“…In scientific communities, paradigms reflect research methodologies, curriculum, and topical research issues. In the business community, these paradigms are consensus on marketing strategies, profits, and connections between operations and strategies (Pfeffer, 1981). For the purposes of sensemaking, paradigms are sets of recurrent and quasi-standard illustrations that show how theories of action are applied conceptually, observationally, and instrumentally to representative organizational problems.…”
Section: The Dynamics Of Sensemakingmentioning
confidence: 99%
“…The demise of the Penn Central is an instance of this process although there the holding company pauperized the railroad to benefit their other subsidiaries (Fitch and Oppenheimer, 1970). Although his study focuses on short-run results, Pfeffer (1972) suggests that merger is not generally profitable despite the advantages of economies of scale, oligopolistic pricing, lessened competition, and increased lobbying. Mergers can have negative consequences for the economy as a whole even if individual conglomerates may profit.…”
Section: Big Business and Monopoly Capitalismmentioning
confidence: 99%