The notion that good corporate governance means maximizing shareholder value derives from the neoclassical theory of the market economy. I explain why this perspective is highly problematic for understanding the operation and performance of the business corporation and hence the institutions...

Contemporary enterprises, functioning in the ever-changing environment, must have competencies which enable them to promptly respond to fresh challenges. The conducted empirical research was intended, among others, to assess the level of competencies of managers as well as organisational...