The last thirty years there has been a broad embrace of market capitalism, not only as a highly efficient form of economic organization, but also as the one that best suits the diversity of people's preferences. In large and complex societies, increasing body of theoretical and empirical studies show, however, that the presence of competitive markets is based on a sound institutional framework. This note discusses the respective roles of the general manager, if any, in the maintenance of these conditions of market capitalism. "Hide
by Rebecca Henderson, Karthik Ramanna Source: Harvard Business School 15 pages. Publication Date: January 21, 2012. Prod. #: 112043-PDF-ENG
Related Case Solutions & Analyses:
Purinex Inc.
Chinas Telecommunications Sector
Arcor: Global Strategy and Local Turbulence
The Merger of Union Bank of Switzerland and Swiss Bank Corporation (B): Integration Planning
2001 Crisis in Argentina: An IMF-Sponsored Default (A)
United States Financial Crisis of 1931
Knowledge-Worker Productivity: The Biggest Challenge
Goldman Sachs and the Republic of the Philippines
The Privatisation of British Airways
Greenpeace vs. Ford: Catalytic Converters Come to the U.K.
