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

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Subramanian Rangan (Professor of Strategy and Management, Professor of Strategy and Management, INSEAD)

Core Assumptions in Business Theory

A Wedge Between Performance and Progress

Subramanian Rangan (Professor of Strategy and Management, Professor of Strategy and Management, INSEAD)

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English

Oxford University Press
08 May 2025

Political economy; Economic systems & structures; Business ethics; Corporate governance & responsibilities

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 (

Volume editor: Subramanian Rangan (Professor of Strategy and Management Professor of Strategy and Management INSEAD)
Imprint: Oxford University Press
Country of Publication: United Kingdom
Dimensions: Height: 252mm, Width: 181mm, Spine: 25mm
Weight: 846g
ISBN: 9780198944218
ISBN 10: 0198944217
Pages: 400
Publication Date: 08 May 2025
Audience: Professional and scholarly , Undergraduate
Format: Hardback
Publisher's Status: Active

Subi Rangan is Professor of Strategy and Management at INSEAD, the global business school, where he holds the Abu Dhabi Crown Prince Court Endowed Chair in Societal Progress. His research focuses on how economic actors may better integrate performance and progress. In 2013 he initiated the Society for Progress, a fellowship of eminent philosophers, social scientists, and business leaders. He is also the editor of Capitalism Beyond Mutuality? (OUP, 2018) and Performance & Progress (OUP, 2015).