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In uncertain times, only one thing is certain: hope is not a strategy and a future-oriented focus for your company has never been more important. At the same time, strategy development and implementation require an immense effort for entrepreneurs, managers and employees. That is why the authors have developed the StrategyFrame® from practical experience for practical application. Use it to bring order to your strategy process, develop a clear, understandable picture of your realignment with your team, and generate strategic know-how and momentum among all participants and stakeholders. "This book is a gem. It not only provides a sound foundation for thinking strategically, but offers powerful tools for translating these ideas into practice in a rapidly changing environment. A valuable field guide for creating winning strategies, applicable to managers at every level." William G. Pietersen, Professor, The Practice of Management, Columbia Business School "'Hope Is Not a Strategy' brings to life the transformative power of strategic thinking when properly planned and executed. It delivers you an actionable playbook designed to help unlock strategic thinking for real, measurable business impact." Brandon Carson, Vice President, Global Leadership Academy, Walmart

Nach dem Vorbild börsennotierter britischer Vereine wird es auch deutschen Profifußballvereinen in absehbarer Zukunft möglich sein, sich in Aktiengesellschaften umzuwandeln. Der anschließende Börsengang soll dann den nach den jüngsten Entwicklungen im Profifußballbereich gestiegenen Kapitalbedarf abdecken und eine im internationalen Vergleich konkurrenzfähige wirtschaftliche Basis schaffen. Eine empirische Untersuchung der Kursentwicklung der börsennotierten englischen Proficlubs zeigt, daß Vereine und potentielle Anleger vor übertriebenen positiven Erwartungen zu warnen sind. Die Erfolgsaussichten eines Börsengangs sind nur für wenige deutsche Spitzenvereine als positiv zu beurteilen.

Die bundesdeutschen Fußballvereine weisen ein Umsatzvolumen auf, das dem mittelständischer Unternehmen entspricht. Gleichzeitig zeigt die hohe Verschuldung vieler Vereine, daß sie diesen Anforderungen nur unzureichend gewachsen sind. In diesem Beitrag soll anhand statistischer Auswertungen gezeigt werden, inwieweit sich spielerisch erfolgreiche Vereine bezüglich ökonomischer Variablen von weniger erfolgreichen Vereinen unterscheiden. In die Untersuchung fließen aktuelle Entwicklungen im deutschen Profifußball ein. Gleichzeitig werden Ergebnisse aus den USA und anderen Ländern eingebunden.

The paper characterises the building blocks of a framework to enforce antipredation rules and subsequently evaluates selected enforcement options in a Cournot-type duopoly predation model. Differentiating between a no rule approach, an ex ante approach and two ex post approaches, it is shown that an ex post approach typically maximises overall welfare. However, an ex ante approach can be the preferred option in cases where the entrant has a large cost advantage over the incumbent.

The paper provides a comprehensive survey of the economics behind the fight against hard core cartels. Differentiating between four subsequent stages - characterisation, welfare effects, enforcement and evaluation - the paper pays particular attention to cartel detection methods, the derivation of corporate fines, the quantification of private damages and possibilities to judge on the successfulness of cartel enforcement activities by competition authorities around the world.

The paper develops a framework to enforce anti-predation rules that explicitly takes the intervention stage into account. In particular, it is proposed to improve predation enforcement by focusing on two channels: refining the current regime, and amending it. With respect to the refinement of the current predation enforcement regime, criteria for the imposition of optimal gain- or harm-based fines are derived in order to sharpen the deterrent effect of predation enforcement. However, given the very low probability of conviction for predators a policy proposal solely based on an increase in the fines for detected and convicted predators might be too weak to significantly amplify the deterrence effect in particular and to improve predation enforcement in general. As a consequence, the introduction of a pre-screening approach is proposed, which aims at identifying industries in which entry is difficult but desirable and a predation strategy might be a suitable instrument for an incumbent to fight such occasional entry attempts. In those industries, it is advisable to reduce the high standard of proof in predation enforcement, as its basic justification - the danger to create a negative deterrence effect - is significantly reduced.

The anomalous inverse concentration-price relationship observed by some researchers in the newspaper market has been attributed to scale economies. In this paper we suggest that the newspaper's (or magazine's) double-product feature (i.e., news supplied to readers and advertising space supplied to advertisers) is the main source of this anomaly. In a simple oligopoly model it is shown how a profit-maximizing publisher takes advantage of that feature. Empirically an inverse concentration-price relationship may arise if double-product pricing is not controlled for. Regression results for a cross-section of 222 German Newspapers and magazines corroborate the theoretical implications.