Mike Wright – författare

Good strategies can fail because they are poorly implemented. Behind this straightforward statement is a complex reality. This innovative volume explores various aspects of strategy implementation, a process that is as challenging as it is important.For strategies to be implemented effectively, firms must have the right resources and capabilities available. Available resources must be integrated in ways that create the capabilities needed and then those capabilities must be leveraged to effectively implement the strategy in order to create and sustain a competitive advantage. This handbook focuses on how strategy implementation is influenced by resources and governance, human capital and management of it, and accounting-based control systems. It examines how the dynamic, competitive, and international environment increases the importance of knowledge and its acquisition, effective governance as a signal of proper incentives, the interaction of legality and legitimacy, and the connections between compliance and enforcement. Because people implement the strategies through the completion of their job tasks and achievement of their job-related goals, the second section explores how changes in workforce demographics have influenced and may influence strategy. Major factors include the greater proportion of older workers and the increasing role women play in leadership. Acquiring, developing, and having a motivated work force is critical to implementation, whether and how best practices spread is explored, as is the effectiveness of setting goals.Controlling managerial behavior plays a critical role in the implementation of strategies, and is the focus of the third section on accounting-based control systems. These can be helpful both in identifying inappropriate behaviors and in promoting positive managerial actions to achieve desired financial outcomes. They can also encourage experimentation and creativity. The effectiveness of accounting and accountability systems is influenced by four dimensions, including the intended users, standards of compliance, enforcement criteria, and the assurance process.

There is little doubt that corporate governance has become one of the key issues for students of business and management in the 1990s. The text is the first to draw together the various strands of the debate from economics, finance, and accounting perspectives, and from an international angle that includes discussion of the issues as they relate to governance in the UK, USA, Germany, Japan and Eastern Europe. The editors identify four main approaches to Corporate Governance. These approaches can be divided into four models: The Principle-Agent or Finance Model; The Myopic-market Model (short-termism); The Abuse of Executive Power; and The Stakeholder Model.Topics covered include:the role of institutional investorsthe corporate boardthe market for corporate controlmanagement buyouts and venture capitalregulation and auditinggovernance in the public sectorThis will be an essential purchase for anyone studying corporate governance whether on an undergraduate degree or MBA.

There is little doubt that corporate governance has become one of the key issues for students of business management in the 1990s. This text is the first to draw together the various strands of the debate from economics, finance, and accounting perspectives, and from an international angle that includes discussion of the issues as they relate to governance in the UK, USA, Germany, Japan, and Eastern Europe. The editors identify four main approaches to Corporate Governance. These approaches can be divided into four models:The Principal-Agent or Finance Model; The Myopic-market Model (short-termism); The Abuse of Executive Power; and The Stakeholder Model.Topics covered include:the role of institutional investorsthe corporate boardthe market for corporate controlmanagement buy-outs and venture capitalregulation and auditinggovernance in the public sectorThis will be an essential purchase for anyone studying corporate governance whether on an undergraduate degree or MBA.

The behavior of managers-such as the rewards they obtain for poor performance, the role of boards of directors in monitoring managers, and the regulatory framework covering the corporate governance mechanisms that are put in place to ensure managers' accountability to shareholder and other stakeholders-has been the subject of extensive media and policy scrutiny in light of the financial crisis of the early 2000s. However, corporate governance covers a much broader set of issues, which requires detailed assessment as a central issue of concern to business and society. Critiques of traditional governance research based on agency theory have noted its "under-contextualized" nature and its inability to compare accurately and explain the diversity of corporate governance arrangements across different institutional contexts. The Oxford Handbook of Corporate Governance aims at closing these theoretical and empirical gaps. It considers corporate governance issues at multiple levels of analysis-the individual manager, firms, institutions, industries, and nations-and presents international evidence to reflect the wide variety of perspectives. In analyzing the effects of corporate governance on performance, a variety of indicators are considered, such as accounting profit, economic profit, productivity growth, market share, proxies for environmental and social performance, such as diversity and other aspects of corporate social responsibility, and of course, share price effects. In addition to providing a high level review and analysis of the existing literature, each chapter develops an agenda for further research on a specific aspect of corporate governance. This Handbook constitutes the definitive source of academic research on corporate governance, synthesizing studies from economics, strategy, international business, organizational behavior, entrepreneurship, business ethics, accounting, finance, and law.

There has been a major revival of interest in State Capitalism: what it is, where it is found, and why it is seemingly becoming more ubiquitous. As a concept, it has evolved from radical critiques of the Soviet Union, to being deployed by neo-liberals to describe market reforms deemed imperfect, to settle into a middle ground, as a pragmatic way to describe the state assuming a role as an active economic agent, in addition to its regulatory, social, and security functions. The latter is the central focus of this book, although due attention is accorded to the origins of state capitalism and how it has changed over the years, as well as contemporary ways in which state capitalism may be theorized. This economic agency may assume direct forms, for example, via state owned enterprises. However, it may also be indirect, for example, actively serving private interests through promoting insider firms, who may occupy monopolistic market positions and perform outsourced state functions. In turn, this leads to raising salient governance questions. The latter may encompass agency tensions between public ownership, and political or even private interest control; it may also include issues of transparency and monitoring. Although state capitalism has often been depicted as the preserve of states in the global south, be they developmental or predatory, many forms of state capitalism are visible in mature economies, be they liberal or coordinated, and this is not always associated with superior governance arrangements; indeed, this is an area where clear and easy divisions between the "developing" or "emerging" world and the "developed" or "mature" world may increasingly be breaking down. This volume brings together the accounts of leading experts from around the world; it is explicitly multi-disciplinary, and both consolidates the existing knowledge base, and provides new, novel, and counter-intuitive insights.

This book deals with risk capital provided for established firms outside the stock market, private equity, which has grown rapidly over the last three decades, yet is largely poorly understood. Although it has often been criticized in the public mind as being short termist and having adverse consequences for employment, in reality this is far from the case. Here, John Gilligan and Mike Wright dispel some of the biggest myths and misconceptions about private equity. The book provides a unique and authoritative source from a leading practitioner and academic for practitioners, policymakers, and researchers that explains in detail what private equity involves and reviews systematic evidence of what the impact of private equity has been. Written in a highly accessible style, the book takes the reader through what private equity means, the different actors involved, and issues concerning sourcing, checking out, valuing, and structuring deals. The various themes from the systematic academic evidence are highlighted in numerous summary vignettes placed alongside the text that discuss the practical aspects. The main part of the work concludes with an up-to-date discussion by the authors, informed commentators on the key issues in the lively debate about private equity. The book further contains summary tables of the academic research carried out over the past three decades across the private equity landscape including: the returns to investors, economic performance, impact on R&D and employees, and the longevity and life-cycle of private equity backed deals.

This book deals with risk capital provided for established firms outside the stock market, private equity, which has grown rapidly over the last three decades, yet is largely poorly understood. Although it has often been criticized in the public mind as being short termist and having adverse consequences for employment, in reality this is far from the case. Here, John Gilligan and Mike Wright dispel some of the biggest myths and misconceptions about private equity. The book provides a unique and authoritative source from a leading practitioner and academic for practitioners, policymakers, and researchers that explains in detail what private equity involves and reviews systematic evidence of what the impact of private equity has been. Written in a highly accessible style, the book takes the reader through what private equity means, the different actors involved, and issues concerning sourcing, checking out, valuing, and structuring deals. The various themes from the systematic academic evidence are highlighted in numerous summary vignettes placed alongside the text that discuss the practical aspects. The main part of the work concludes with an up-to-date discussion by the authors, informed commentators on the key issues in the lively debate about private equity. The book further contains summary tables of the academic research carried out over the past three decades across the private equity landscape including: the returns to investors, economic performance, impact on R&D and employees, and the longevity and life-cycle of private equity backed deals.

The behavior of managers-such as the rewards they obtain for poor performance, the role of boards of directors in monitoring managers, and the regulatory framework covering the corporate governance mechanisms that are put in place to ensure managers' accountability to shareholder and other stakeholders-has been the subject of extensive media and policy scrutiny in light of the financial crisis of the early 2000s. However, corporate governance covers a much broader set of issues, which requires detailed assessment as a central issue of concern to business and society. Critiques of traditional governance research based on agency theory have noted its "under-contextualized" nature and its inability to compare accurately and explain the diversity of corporate governance arrangements across different institutional contexts. The Oxford Handbook of Corporate Governance aims at closing these theoretical and empirical gaps. It considers corporate governance issues at multiple levels of analysis-the individual manager, firms, institutions, industries, and nations-and presents international evidence to reflect the wide variety of perspectives. In analyzing the effects of corporate governance on performance, a variety of indicators are considered, such as accounting profit, economic profit, productivity growth, market share, proxies for environmental and social performance, such as diversity and other aspects of corporate social responsibility, and of course, share price effects. In addition to providing a high level review and analysis of the existing literature, each chapter develops an agenda for further research on a specific aspect of corporate governance. This Handbook constitutes the definitive source of academic research on corporate governance, synthesizing studies from economics, strategy, international business, organizational behavior, entrepreneurship, business ethics, accounting, finance, and law.

There has been an explosion of interest in entrepreneurs in the popular media, as well as in business, policy, and education. But what do entrepreneurs do? What is entrepreneurship and why is it important? What is distinctive about entrepreneurs? And where do they come from? In this Very Short Introduction Paul Westhead and Mike Wright weave a pathway through the debates about entrepreneurship, providing a guide to the entrepreneurial process. They look at how the actions of entrepreneurs are shaped by the external environment and availability of resources, consider the types of organizations in which entrepreneurs can be found, and look at the diversity in their backgrounds, experience, and how they think and learn. Lastly, they consider the impact that entrepreneurs have on modern market economies and look at the future of entrepreneurship in our increasingly globalized world.ABOUT THE SERIES: The Very Short Introductions series from Oxford University Press contains hundreds of titles in almost every subject area. These pocket-sized books are the perfect way to get ahead in a new subject quickly. Our expert authors combine facts, analysis, perspective, new ideas, and enthusiasm to make interesting and challenging topics highly readable.

Entrepreneurship is a hot topic, yet there is no agreed definition of entrepreneurship. There is even debate about whether entrepreneurship can be taught!

This text and case study collection is designed to stimulate critical thinking and reflective learning relating to entrepreneurship. This book enables you to focus on the key issues that need to be considered with regard to new ventures and/or a business plan module, as well as courses on theory and policy relating to entrepreneurship and small businesses. 

Within a practical business context of the changing, competitive climate, this book details the implications for marketing strategy. New chapters cover topics such as credit cards and customer care, while several relevant case studies have also been added.Combining analysis of principles, concepts and techniques with sound practical advice, 'Marketing Financial Services' is ideal for students on degree and postgraduate courses, including Chartered Institute of Bankers.There is also a tutor resource pack to accompany the case studies in this textbook.

Richmond became the capital of the Confederacy when Virginia joined the Southern cause, marking the city as a prime target for the Union army. General McClellan was the first Union leader to lay siege to Richmond, and that was just the beginning. The attractive and genteel city of Richmond would be transformed into a refugee camp, a scene of riots, and a city-sized hospital before the war was over. Making use of diaries, letters, and newspaper accounts from the era, Wright brings readers face to face with the men and women who fought for the city, endured starvation, observed Lee's defeats and Grant's progress, and witnessed the Confederacy's last days.

Management Buyouts (MBOs) first came to prominence in the US during the early 1980s, and have subsequently become a global phenomenon and a highly significant transaction within the corporate restructuring landscapeAlthough much recent attention has focused on private equity (PE) backed buyouts, these are only a subset of the total MBO market. The Routledge Companion to Management Buyouts takes a much broader definition, reviewing the current state of research and theory and where further developments are likely to occur and incorporating PE and non-PE backed buyouts, as well as variations such as management buy-ins and management-employee buyouts. It goes beyond the purely financial perspective, exploring the many different aspects of management buyouts and incorporating related disciplines including strategy, organizational change, and HRM providing the first truly comprehensive authoritative resource on the topic.Expertly edited, and drawing on international scholarship, this unique volume will be an invaluable sourcebook on MBOs for researchers and advanced students as well as those interested in the broader areas of corporate restructuring and ownership change.

This revised and extended third edition of the highly successful How to Get Published in the Best Management Journals draws on a wealth of knowledge from leading scholars and journal editors to showcase the latest advice in securing publication in the world’s top management journals.Contributors expand on the impact of research, explain how to attract and retain co-authors and provide guidance for positioning research papers for publication within journals of various disciplines within the management field. They also delve into the intersection of management journal publishing and psychology, the ethics and integrity in the industry, and explore the nuances of special issues and open access publications. Chapters offering guidance on effectively developing the front end of your research paper, constructing a successful research portfolio and pipeline, and managing a career in business research have been added to this latest edition.Offering insider perspectives and candid advice, this How to guide is an essential read for business academics of all levels seeking to advance their career and expand their knowledge of the journal publication process. Academics across a broad range of fields, including entrepreneurship, strategic management, organizational behaviour, marketing, and international business will find this book invaluable.

This revised and extended third edition of the highly successful How to Get Published in the Best Management Journals draws on a wealth of knowledge from leading scholars and journal editors to showcase the latest advice in securing publication in the world’s top management journals.Contributors expand on the impact of research, explain how to attract and retain co-authors and provide guidance for positioning research papers for publication within journals of various disciplines within the management field. They also delve into the intersection of management journal publishing and psychology, the ethics and integrity in the industry, and explore the nuances of special issues and open access publications. Chapters offering guidance on effectively developing the front end of your research paper, constructing a successful research portfolio and pipeline, and managing a career in business research have been added to this latest edition.Offering insider perspectives and candid advice, this How to guide is an essential read for business academics of all levels seeking to advance their career and expand their knowledge of the journal publication process. Academics across a broad range of fields, including entrepreneurship, strategic management, organizational behaviour, marketing, and international business will find this book invaluable.

Through key research papers from Palgrave's Journal of Operational Research, this book showcases how Operational Research can be applied to sports in a variety of ways, including: timetabling fixtures; scheduling officials; forecasting outcomes; optimizing tactics and strategy; analyzing the effects of rules and laws; planning issues, and performance measurement. The introductory chapter provides a broad overview with an examination of how this area has developed over time, and a look at its wide ranging applications to sports including football, tennis and cricket etc.

Within a practical business context of the changing, competitive climate, this book details the implications for marketing strategy. New chapters cover topics such as credit cards and customer care, while several relevant case studies have also been added.Combining analysis of principles, concepts and techniques with sound practical advice, 'Marketing Financial Services' is ideal for students on degree and postgraduate courses, including Chartered Institute of Bankers.There is also a tutor resource pack to accompany the case studies in this textbook.

Increasingly, entrepreneurship research recognizes a wide variety in entrepreneurial behaviour. One such difference is marked between experienced or habitual entrepreneurs and novices. This book, authored by established experts in the field, introduces and explores the habitual entrepreneur phenomenon.Building upon an international body of research, the authors analyse business behaviour to demonstrate how experience relates to the performance of new ventures. In employing a range of methodological techniques, the authors provide insight into how prior business ownership experience produces different outcomes when it comes to the key success factors associated with entrepreneurial ventures. With detailed coverage of finance, networking, opportunity discovery, and learning, the book is a uniquely comprehensive resource.This concise book is a complete research guide which provides an introduction for advanced students and researchers of entrepreneurship worldwide.

Increasingly, entrepreneurship research recognizes a wide variety in entrepreneurial behaviour. One such difference is marked between experienced or habitual entrepreneurs and novices. This book, authored by established experts in the field, introduces and explores the habitual entrepreneur phenomenon.Building upon an international body of research, the authors analyse business behaviour to demonstrate how experience relates to the performance of new ventures. In employing a range of methodological techniques, the authors provide insight into how prior business ownership experience produces different outcomes when it comes to the key success factors associated with entrepreneurial ventures. With detailed coverage of finance, networking, opportunity discovery, and learning, the book is a uniquely comprehensive resource.This concise book is a complete research guide which provides an introduction for advanced students and researchers of entrepreneurship worldwide.

Management Buyouts (MBOs) first came to prominence in the US during the early 1980s, and have subsequently become a global phenomenon and a highly significant transaction within the corporate restructuring landscapeAlthough much recent attention has focused on private equity (PE) backed buyouts, these are only a subset of the total MBO market. The Routledge Companion to Management Buyouts takes a much broader definition, reviewing the current state of research and theory and where further developments are likely to occur and incorporating PE and non-PE backed buyouts, as well as variations such as management buy-ins and management-employee buyouts. It goes beyond the purely financial perspective, exploring the many different aspects of management buyouts and incorporating related disciplines including strategy, organizational change, and HRM providing the first truly comprehensive authoritative resource on the topic.Expertly edited, and drawing on international scholarship, this unique volume will be an invaluable sourcebook on MBOs for researchers and advanced students as well as those interested in the broader areas of corporate restructuring and ownership change.

Learn what separates success from failure in technology-led transformation initiatives Transform! explores the stark reality that only a small fraction of companies achieve their technology-led transformation objectives, with billions of dollars wasted each year. The book highlights the critical barriers to success, such as defining the right investment priorities and addressing workforce skills and attitudes. It also sheds light on the broader implications of this wastage, including the opportunity costs and the potential to fund global solutions like eradicating hunger. Through compelling case studies and data-driven insights, Transform! delivers key insights on: Pitfalls of technology-led change programmes, from faulty air traffic control systems causing massive disruptions to tragic incidents like the UK’s Post Office Horizon accounting system debacle14 core behaviours which have been proven over more than two decades of application to reduce the chances of failure and to significantly increase the likelihood of creating more successful outcomesSteps to setting up and running technology programmes of any size, which are ultimately very human-intensive and creativeTransform! is an essential read for all business leaders and professionals looking for a reliable and practical guide to navigate the complexities of digital transformation.

Competition to publish in the top journals is fierce. This book provides entrepreneurship researchers with relevant material and insights to support them in their efforts to publish their research in the most prestigious entrepreneurship outlets.This essential guide to publishing in entrepreneurship brings together a wealth of contributors, all of whom have published in the leading entrepreneurship journals. Based on their experiences as researchers and editors, they bring useful hands-on advice and insight into the research publication process.Both fledgling and experienced entrepreneurship faculty members will find this an essential resource as they strive towards publication in A-ranked entrepreneurship or management journals.

Competition to publish in the top journals is fierce. This book provides entrepreneurship researchers with relevant material and insights to support them in their efforts to publish their research in the most prestigious entrepreneurship outlets.This essential guide to publishing in entrepreneurship brings together a wealth of contributors, all of whom have published in the leading entrepreneurship journals. Based on their experiences as researchers and editors, they bring useful hands-on advice and insight into the research publication process.Both fledgling and experienced entrepreneurship faculty members will find this an essential resource as they strive towards publication in A-ranked entrepreneurship or management journals.

'The editors have assembled a distinguished group of scholars to weigh in on a timely, important, and under-researched topic: the role of accelerators in venture creation and growth. The end result is a lucid and insightful book. This is a ''must read'' for scholars, policymakers, and practitioners with an interest in the role of incubators/accelerators in entrepreneurship and regional economic development.'- Donald Siegel, Arizona State University, USUnderstanding how accelerators build an entrepreneurial ecosystem, generate innovations and create new technologies is key for anyone wishing to nurture a start-up company. This book compares the success of accelerators in comparison to the independent growth of new companies or incubators through a series of in-depth studies.Accelerators: Successful Venture Creation and Growth examines how the organisational structures and practices of start-up accelerators generate innovations and identify new technologies, products and services. Mike Wright and Israel Drori have developed an entrepreneurial approach to this topic, exploring accelerators and start-ups as temporary organisations. This allows the contributing authors to highlight issues relating to both internal and external processes. This book focuses on an important entrepreneurship trend that is growing, but has not yet undergone thorough research, and as such, is key for anyone wishing to understand the topic. This would be a stimulating and valuable read for entrepreneurs, policymakers and students looking to enter accelerators.Contributors include: M. Bliemel, M.G. Colombo, S. de Klerk, I. Drori, R. Flores, J.-Y. Fu, J. Gonzalez-Uribe, J. Koch, M. Leatherbee, M.P. Miles, C. Rossi-Lamastra, J. Van Hove, I. Vanaelst, L. Vandeweghe, M. Wenzel, M. Wright, R. Yitshaki

This important three-volume collection focuses upon several major themes relating to the entrepreneur, the organisation and the environment for entrepreneurship. It includes articles that focus upon opportunity recognition and exploitation, creativity, risk and uncertainty, ability based on skills, competencies and knowledge, market adjustment, innovation and the ability to make calculated judgements. It makes an important distinction between the motivations, characteristics, roles and contributions of different types of entrepreneurs. The articles are organised into fourteen sections, namely: entrepreneurship theory; methodological issues; entrepreneurial opportunity recognition and information search; finance for entrepreneurs; entrepreneurial careers; types of entrepreneurs; environments for venture creation and development; venture growth and performance; organisation closure, internationalisation; corporate venturing; family firms; technology-based firms; and franchising. This very comprehensive three volume set will be essential reading for policymakers, practitioners, academics and students of entrepreneurship.

Recent years have witnessed massive development in both the venture capital market and in academic research relating to this market. The aims of this timely collection are to identify leading contributions to this developing area from the past two decades; to reflect the growing multi-disciplinarity of research on venture capital; and to highlight the need to recognize international differences in venture capital markets.The editors have written an authoritative overview, signaling where venture capital research has come and where it is going. This is a vital collection of writings for those wanting to become familiar with venture capital research.