Core Assumptions in Business Theory : A Wedge Between Performance and Progress - Subramanian Rangan

Core Assumptions in Business Theory

A Wedge Between Performance and Progress

By: Subramanian Rangan

Hardcover | 8 May 2025

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The modern market-based economy generates wealth, but it lags on well-being; it has mastered efficiency, but struggles with equity; it boasts size, but falls short on sustainability. In other words, our economy delivers performance but neglects progress (i.e., well-being, equity, and sustainability). Many rightly call for tighter regulation, higher (

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