Advances in Business & Management: Volume 6

This book presents research in the field of business and management from around the world. This book provides a meta-theoretical framework for understanding the nature of organisational wisdom based on learning traditions. The authors of this book also draw some guidelines that can be useful in approaching the concept of the business model in a well-structured way, providing an in-depth investigation of the various research streams and perspectives. Other chapters review the contemporary corporate governance framework in Chinese listed firms after the substantial financial reform in 2005; statistical tools developed to measure latent traits widely used in education and psychology, called Item Response Theory; the concept of brand promise and what it means to the consumer stakeholder; tourism consumption patterns in terms of economic development; and deterministic and stochastic business cycle models that incorporate consumption in specific ways.