THE MAGAZINE

How to Manage Virtual Teams

Teams are the typical building blocks of an organization. Dispersed teams can actually outperform groups that are all in one place. To succeed, however, virtual collaboration must be managed in specific ways. Businesses will have to emphasize teamwork even more than before, a global culture is more important than ever, and don't expect face-to-face meetings to disappear. Read more »
Also in the new Business Insight: learn lessons from the developing world, what managers really do, how to be a smart protégé, and much more.

Designing Global Strategies: Comparative and Competitive Value-Added Chains

By Bruce Kogut

This article shows how the value-added chain can be used to analyze sources of international strategic advantages. The author argues that it is essential that a distinction be drawn between competitive and comparative advantage. He illustrates the importance of this distinction by looking at structural shifts in the world economy and arguing that these shifts reflect changes in comparative advantage. The impact of these changes leads to only a few choices for the firm facing import competition and possessing no competitive advantage.

From The Magazine

Fall 2009

Special Report: Sustainability

8 Reasons That Sustainability Will Change Management

Michael S. Hopkins

Transparency, accidental innovation, trust, collaboration — as sustainability affects how the world works, so will it affect how business works in the world.

Intelligence: Management

Debunking Management Myths

Martha E. Mangelsdorf

In this interview, Henry Mintzberg questions some of the conventional wisdom about managerial work.