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What would a 'Brexit' mean for Europe?
Europe faces one of its most challenging situations in decades and stands at the crossroads. A Brexit could trigger similar movements in other EU countries, in the Netherlands for instance, and…
Innovation challenge: Why companies kill great projects and how to avoid this happening
“It’s not fair.” All parents have heard this statement from their children, and all developers have said it more than once. In the race for R&D budgets within companies, project leaders whose…
A proposal for GH7/G20 policy coordination to strengthen global productivity and output growth
The progressive integration of the global economy over the past 70 years has achieved massive increases in output and per capita income and has brought millions of people out of poverty. But now…
At ESMT Berlin, Bitcoin pays off
ESMT students have been welcome to pay their tuition with bitcoin since December 2016, when ESMT became the first German university to accept bitcoin as payment. In the interview, Garlichs explains…
Agility is (l)earned
Joseph Schumpeter coined this catchphrase to characterize market-based economies more than 100 years ago, but the acceleration of today’s product cycles and social practices, in particular in the…
A study shows how to find new ideas inside and outside the company
Companies know this. That’s why many seek to tap the potential of “open innovation” by encouraging their employees to scout for new ideas among external partners, such as universities, research…
The economic and the social: anatomy of a contract change in India
In a variety of interactions, the economic and the social rub shoulders, often in uneasy co-existence. Think of blood donation, for example. People probably do it out of a genuine sense of social…
What is the future of free trade?
The clear and unanimous commitment on the part of the last G20 summit in Hangzhou to create an open world economy — i.e., the rejection of protectionism and the promotion of trade and investment on a…
The economics of the money-back guarantee
“Returning the product to Amazon ASAP!” complained one disgruntled Amazon customer as they gave a one-star review for a digital camera on the company’s site. This is despite the same product having…
The customer is not always king
Service sector workers are often required to enforce certain rules. Researchers in the "International Journal of Research in Marketing" reported how this affects their relationship with customers…
