Enterprise Transformation as Coordination Game: The Leadership Challenge
نویسندگان
چکیده
Empirical evidence, especially in case studies, shows that individual leaders often have a crucial role in successful enterprise transformation in transition economies. Conventional economic analysis alone cannot explain this role of leadership. In this paper we use coordination games to analyse transitions from one Nash-equilibrium to another. We argue that the creation of common knowledge among stakeholders by a leader allows firms to overcome coordination failures. This is crucial for enterprise transformation because of the multiplicity of stakeholders who need to coordinate their action to implement radical organizational change.
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