Business Leadership Judgment Integrity and Sustainable Competitive Advantage in the Global Digital Economy
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To overcome the adverse impacts of overemphasizing external control in business leadership decision making and the adverse global impacts of extreme investor capitalism, the author proposes the development of judgment integrity capacity at both the microeconomic and macroeconomic levels. To address behavioral complexity at the microeconomic level, the author recommends the balanced, inclusive use of four global leadership theories in decision making: leadership rational goal theory, leadership internal process theory, leadership human relations theory and leadership open systems theory. The exercise of leadership by global business leaders implicitly disposes them to parallel ethics theories as they confront moral complexity at the microeconomic level and the opportunity to expand their judgment integrity capacity. To address economic complexity at the macroeconomic level, the author recommends the balanced, inclusive use of four global economics theories in decision making: investor capitalism, regulatory capitalism, managerial capitalism and entrepreneurial capitalism. Possible policy implications are mentioned.
Petrick, J. A.
(1999). Business Leadership Judgment Integrity and Sustainable Competitive Advantage in the Global Digital Economy. Global Business and Economics Review, 1 (1), 17-30.