In 1968, sociologist Robert Merton used the term “The Matthew Effect” to explain the origins of exceptional people when he formulated the theory of “cumulative advantage.” The term has its foundation in the Christian gospel of Matthew: “For to all those who have, more will be given, and they will have an abundance; but fromRead more
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What is strategy? The definitions vary slightly, but the common elements and their effects on the realities of organizational life are apparent. According to three longstanding experts in the field, strategy is: “a framework of choices that determine the nature and direction of an organization.” 1 “those policies and key decisions adopted by management thatRead more
Long before the ink dries on the legal agreement to acquire a company or to merge two entities, the integration strategy should be clear, but the timing can be tricky. Attempting to fill in the details too soon can take eyes off the integration. When that happens—often in response to pressure from investors, analysts, andRead more
