One view of the manager is as a ‘practical’ scientist. In contrast to this image, many managers do not see themselves in this light and are uncomfortable with the notion that to be successful they should act in purely a mechanistic ‘scientific’ way. Alternative to this view is to see the...

Against the backdrop of critique on the German model of capitalism in general, and German public policy in particular as to the ability to successfully adjust to rapid change and exogenous shocks in wake of economic globalisation, this paper investigates the degree of shock persistence in...