Popular economic narratives advancing the longest U.S. expansion 2009–2019

The U.S. economic expansion since 2009 is the longest on record since 1854, according to the National Bureau of Economic Research Business Cycle Dating Committee. This paper seeks to understand this phenomenon better by looking at the time paths of popular narratives over this interval, of stories that people have been telling that offer clues into their economic behavior. Six constellations of narratives are studied, identified by keywords “Great Depression,” “secular stagnation,” “sustainability,” “housing bubble,” “strong economy,” and “save more.”     

A systematic approach to an organization’s sustainability

This article integrates the concepts of sustainability and quality improvement into a systematic approach to an organization’s sustainability. The article: (a) presents a literature-based model that incorporates the factors that drive an organization’s sustainability; (b) describes how sustainability is operationalized through a systematic approach to quality improvement; (c) discusses the advantages of a systematic approach to sustainability; and (d) shares with the reader literature and experientially-based lessons learned about the approach.     

Sustainable lifestyles for all? Disability equality,sustainability and the limitations of current UK policy

In recent years, various environmental threats have been highlighted in relation to disability. Growing knowledge of the effects of climate change and particular impacts on disabled people have been highlighted by a number of authors, including a recent critique of disabled people’s ‘vulnerability’ with respect to environmental hazard. This article focuses on the issue of citizen involvement with climate change mitigation – and more broadly individual and household-level efforts to reduce our impact on the environment. These more mundane aspects of climate change mitigation, for example through transitions to more sustainable lifestyles, also have significant implications for disabled people. The article argues that disability equality is a key component of sustainability. Limitations are demonstrated in policy designed to address these issues using the example of current UK policy, and it is suggested that policy approaches to sustainability should also be a concern of disability studies.     

The Uplands after neoliberalism? – The role of the small farm in rural sustainability

The modernist project foresaw no role for small farms, but this can no longer be regarded as axiomatic as neoliberalism enters what Peck et al. call its “zombie phase”. This paper asks what contribution small farms in the uplands can make to societies’ goals, what role they might play in the sustainability of rural communities in such regions, and how this contribution might be supported by state policies. In Scotland and in Norway these questions have recently been the subject of policy debates which appear to offer exceptions or alternatives to neoliberal universalism, and these are considered specifically in this paper. In each case support for small farms is seen as necessary to maintain ‘lights in the windows’ of remoter rural areas. Moreover, each highlights the vital role of the state in offering not only financial support but also in regulating land transfers and occupancy. It is argued that the dismantling of such regulatory powers depletes the state’s ability to manage the tensions between continuity and change which are at the heart of sustainable rural development. The paper concludes that small farms can persist and can contribute to rural sustainability in ways that have been infrequently recognised under neoliberalism.     

Emergy-based Simulation to Assess Brazil’s Long-term Carrying Capacity: Environment, Electricity and Population

A macroscopic mini-model of Brazil’s electrical generating capacity (BRAZELECTRIX, Brazilian Electricity Matrix) was developed using the Energy Systems Language and simulated with iconographic Extend® software to explore long-term (200 years) population carrying capacity. South American reserves of natural gas (NG) and Brazilian stream hydro-power potential were assumed as the main inputs to electric power production. Energy values (e.g., kWh, joules) for fuels, electricity and environment were transformed to solar emergy (i.e., solar equivalent joules) to simplify cross comparison with a single metric. BRAZELECTRIX was calibrated using a holistic method that used mean component life-times and conservation of material and energy for each individual unit. Validation of BRAZELECTRIX, based on historical data, gave a root mean square error of 8% for hydroelectricity and 28% for natural gas use. Investments in natural gas infrastructure (e.g., contracts, pipelines, processing plants and electric power plants) accelerated Brazil’s expansion of electrical generating capacity for a finite period, allowing the country to reach its renewable (hydro-power only) carrying capacity 100 years sooner than without (2040 vs. 2140). Brazil has a total of 560 zetta-solar equivalent joules per annum (1 Zseja = 1 ×10²¹ sej per year) of stream hydro-power potential; 170 Zseja is currently used for electricity generation. According to BRAZELECTRIX, eventually 390 Zseja will be tapped for hydroelectricity. The standard of living, as measured by annual per capita electrical solar emergy, had risen 680% from 166 tera-solar equivalent joules (Tseja) to 1130 Tseja during the 35 year period following 1965 and was predicted to increase another 75% to its maximum (1973 Tseja) in 2050. By comparison, an urbanizing state of the United States (North Carolina) had an annual per capita electrical solar emergy of 7815 Tseja in 1992, indicating that Brazil could reach a living standard, as measured by per capita electricity usage, equal to one-forth the level of United States. Macroscopic mini-models combined with emergy accounting evaluated long-term paths for Brazil’s electricity supply and related it to natural environment trade-offs to demonstrate how sustainable carrying capacity of a developing nation can be forecast.     

Humanizing strategy

In this article, we apply our latest thinking on knowledge to provide insights on how to reconceptualize strategy to cope with a VUCA world, epitomized recently by COVID-19. We demonstrate that business leaders must draw on phronesis, or practical wisdom, for strategy to become more future-oriented, society-focused, dynamic, and human-centric. Using in-depth case studies, we show how companies will survive in the long run if they start with a moral purpose, and end by offering value to customers, contributing to society, living in harmony with nature, and creating a new and better future. We came up with six practices that enable business leaders to create new and better futures, citing evidences from neuroscience. We conclude that humans should be at the center of strategy, driving future-making with the help of digital-led automation. Reconceptualizing strategy based on this “inside-out” approach, the reward to the company is resilience, longevity, and sustainability.     

Competitive renaissance through digital transformation

Dramatic health, environmental, and social-related challenges put pressure on firms to rethink their strategies and growth paths. Is a digital-enabled transformation able to help firms cope with these challenges and drive a competitive renaissance of our economic system? Are extant theories and concepts able to interpret the digital transformation? This management focus section aims to advance a relevant and impactful research agenda in the area of “business strategy and digitalization” through 4 contributions – both conceptual and empirical – that contribute to the understanding of the so-called “digital transformation” and its implications for both scholars and practitioners.