Business economics
Academic discipline
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We include updates on Austerity, Entrepreneurship, Liquidation, Mass production, Legal person, American system of manufacturing, Operating margin, Resource-based view, Obsolescence, Hit-and-run tactics, Complexity theory and organizations, Residual value, Teal organisation, Corporate crime, Theory of the firm, Life-cycle cost analysis ... and more.
| 2024 | France began a new austerity period |
| 2023 | Finland began a new austerity period |
| 2022 |
Entrepreneurship
Research was published revealing that entrepreneurial tendency is negatively associated with trait victimhood, and that lower trait victimhood among people with lower self-efficacy predicted more entrepreneurial behavior.
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| 2022 | Argentina started another period of austerity |
| 2021 | A study revealed that European incumbent governments that implemented austerity measures during the Great Recession lost support in opinion polls. |
| 2020 | Mexico adopted austerity measures |
| 2020 | A comprehensive study examined the impact of austerity measures on default risk, finding that such policies increase default risk during severe fiscal stress but potentially reduce default risk in low fiscal stress scenarios. |
| 2020 | A study using survey experiments in the UK, Portugal, Spain, Italy, and Germany found that voters strongly disapprove of austerity measures, particularly spending cuts. |
| 2019 | International Electrotechnical Commission (IEC) published standard 62402:2019 Obsolescence Management, providing an official definition of obsolescence as the transition of a product from available to unavailable from the manufacturer according to its original specification. |
| 2018 |
Legal person
Supreme Court of India determined that the deity Ayyappan is a 'legal person' with 'the right to privacy' in a court case concerning women's entry to the Sabarimala shrine.
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| 2018 | Argentina entered a new austerity period that continued into 2019 |
| 2018 | Economists Alberto Alesina, Carlo A. Favero, and Francesco Giavazzi publish an analysis in Finance & Development arguing that spending cuts have minimal impact on output and can help reduce debt-to-GDP ratio. |
| 2018 | Nicaragua adopted additional austerity policies |
| 2018 |
Business failure
UK Government initiated a request for major government suppliers (Capita, Serco, and Sopra Steria) to develop contingency plans for potential business failure, inspired by lessons learned from the Carillion collapse.
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| 2018 |
Business failure
M. Victor Janulaitis survey of 278 organizations found that after 12 months, 51% of small to mid-sized businesses were unable to re-open their doors.
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| 2017 | Ecuador entered an ongoing austerity period |
| November 2017 | A study published in The BMJ links the Conservative government's austerity programme to approximately 120,000 deaths since 2010. |
| 2016 | Venezuela adopted additional austerity policies |
| 2015 | Brazil entered another austerity period lasting until 2018 |
| 2015 | End of research period analyzing elections in 124 European regions from eight countries, revealing the political consequences of fiscal consolidations. |
| 2015 | Finland implemented additional austerity measures lasting until 2019 |
| February 3 2015 | Joseph Stiglitz criticized austerity measures, arguing that they had failed repeatedly throughout history, from Herbert Hoover's approach during the Great Depression to IMF programs in East Asia and Latin America. |
| 2014 | Australia implemented austerity measures |
| 2014 | Mark Blyth publishes a book critiquing austerity, arguing that it fails to stimulate growth and passes debt to the working classes. |
| 2014 |
Business failure
Turnaround Management Society study reveals that 54.6% of business crises are caused by management continuing with a non-working strategy, and 51.6% by losing touch with market and customer needs.
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| 2013 |
Entrepreneurship
Uschi Backes-Gellner and Petra Moog conducted a study finding that a diverse social network was an important characteristic of students who would become entrepreneurs.
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| 2013 | The IMF publishes a detailed analysis concluding that austerity policies could potentially slow or reverse economic growth and inhibit full employment. |
| 2013 | China adopted austerity policies |
| 2012 |
Entrepreneurship
Researchers Schoon and Duckworth completed a study identifying potential early indicators of entrepreneurship, focusing on family status, parental role-modeling, childhood competencies, and social skills.
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| 2012 | Greece undergoes a debt restructuring, which helps mitigate some of the government's debt increase. |
| 2012 | Argentina implemented another round of austerity measures |
| 2012 | European countries collectively experienced austerity |
| October 2012 | The IMF announced that its forecasts for countries implementing austerity programs had been consistently overoptimistic, suggesting that tax hikes and spending cuts were causing more damage than expected. |
| February 12 2012 | The Greek parliament approved the third round of austerity measures, which was met with strong opposition, particularly in Athens and Thessaloniki, where police clashed with demonstrators. |
| 2011 | United Kingdom began an austerity period lasting until 2019 |
| 2011 | Finland entered another austerity period lasting until 2015 |
| 2011 | Netherlands entered an austerity period lasting until 2014 |
| 2011 | The IMF begins to issue guidance suggesting that austerity measures could be harmful when applied without considering an economy's underlying fundamentals. |
| 2011 | Germany adopted austerity policies |
| 2011 | Italy implemented austerity measures lasting until 2013 |
| June 29 2011 | Greek parliament approves the second set of austerity measures, with 155 out of 300 members voting in favor, despite widespread public protests and demonstrations. |
| June 29 2011 | Massive demonstrations in Greece against austerity plans resulted in 19 arrests, 46 civilian injuries, and 38 police officer injuries in Athens. |
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This contents of the box above is based on material from the Wikipedia articles Obsolescence, Austerity, Entrepreneurship, Willingness to accept, Legal person, Liquidation, Overspecialization, Business failure & Teal organisation, which are released under the Creative Commons Attribution-ShareAlike 4.0 International License.