Purchasing and Supply Management (PSM) field has become a cornerstone of modern business strategy, connecting firms to suppliers, customers, and global networks. Despite its critical role, PSM lacks a unified theoretical foundation, and it’s instead relying on theories borrowed from...
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Managing relationships across organizational boundaries has become as much an art as it is a science. Over time, the increasing complexity of supply chains and the interdependence of global markets have transformed simple exchanges into deeply layered networks of...
In a year when many economies are battling sluggish productivity, rising geopolitics and the disruptive rise of artificial intelligence, the Nobel Prize committee turned the spotlight on what lies at the heart of sustained economic growth. The 2025 laureates—Joel...
Resilience is the capacity of systems, organizations, and individuals to anticipate, absorb, adapt to, and recover from disruptions. In supply chains, it combines preparation, agility, collaboration, and recovery capabilities to sustain performance amid uncertainty.
New research, integrating Performance Feedback Theory (PFT) with Regulatory Focus Theory (RFT), reveals that organizations react distinctly to different types of performance shortfalls. This meta-analysis of 74 studies, analyzing approximately 28.8 million observations, clarifies long-standing inconsistencies in how firms...