The concept of business strategy is undergoing a fundamental transformation. For decades, strategy was synonymous with long-term planning, rigid frameworks, and the search for sustainable competitive advantage in relatively stable markets. Today, that stability is a myth.
Posts tagged as “capitalism”
The Theory of Social and Economic Organization is the English translation of the first part of German sociologist Max Weber's monumental, posthumously published work, Wirtschaft und Gesellschaft (Economy and Society), originally published in German in 1920.
Positivism and interpretivism are two contrasting sociological approaches to understanding society and human behavior.
Market hegemony refers to the dominance of one entity—whether it be a state, an economic system, an ideology, or a particular set of practices—over others, often shaping the rules and norms of a given sphere.
Worker alienation refers to the sense of estrangement or detachment individuals experience from their work, its products, their colleagues, and even themselves.
Stakeholder capitalism is an economic and business philosophy that argues companies should serve the interests of all stakeholders—not just shareholders.
The emergence of modern economies is a complex process with roots in various historical developments that transformed human society from agrarian and handicraft-based systems to a globalized, industrial, and technology-driven one.
These "technological leaps" are more than just incremental improvements; they represent paradigm shifts that alter the very nature of production, work, and wealth.
The Labor Theory of Value (LTV) is an economic theory that states the value of a commodity is determined by the total amount of "socially necessary labor time" required for its production.