Improving Competitiveness of Industry

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World Scientific, 2011 - Business & Economics - 146 pages
As the twenty-first century begins, the world finds itself with a wide range of possible economic futures. Many corporations find it difficult to compete in international markets with the result being shrinking revenue. Too many governments utilize an excessively high percentage of their nation's goods and services. In the past, some countries could afford to have a less than perfect tax system. However, wage and other labor rigidities (work rules) handcuff management. Management has become pre-occupied with non-productive pursuits, and numerous other sources of inefficiency. The objective of this book is to suggest several revisions in institutional structure, management techniques and rewards, and a drastic change in how hourly labor is compensated. The suggestions offered are applicable to any economy where decisions have to be made as to how to organize the factors of production most efficiently. It is therefore essential reading for policymakers, human resource management and accountant management.
 

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Contents

Chapter 4 A Managerial Incentive Strategy for Increased Productivity
21
Chapter 5 Economic Income
35
A Wage Plan for Increased Productivity
47
Chapter 7 Industrial Democracy
59
Introducing Present Value Depreciation
71
Chapter 9 Using Earnings Per Share and Stock Prices to Measure Managerial Performance
83
Chapter 10 Ten Management Errors
89
Chapter 11 Costs of Capital by Division
97
Chapter 12 Mergers Acquisitions and LBOs
103
Chapter 13 Little Differences and Big Results
109
Chapter 14 Scientific Management
117
Chapter 15 Corporate Strategies
121
Chapter 16 Achieving an Improved Competitive Position
125
Subject Index
133
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About the author (2011)

HAROLD BIERMAN Jr. has been a member of the Cornell faculty since 1956, and has taught at Louisiana State University, the University of Michigan, and the University of Chicago. He was a recipient of the annual Dow Jones Award from the American Assembly of Collegiate Schools of Business for outstanding contributions to collegiate business education. In 1985 Bierman served as a scholar-in-residence at the investment banking firm of Prudential-Bache and in 1990 he served as a Senior Academic Fellow at the Financial Accounting Standards Board. His industrial experience includes consulting with Corning Corporation, Eastman Kodak, Emerson Electric Co., IBM, AT&T, Anheuser-Busch, and Xerox Corp. Bierman is the author of twenty-six books, including Corporate Financial Strategy and Decision Making to Increase Shareholder Value (Wiley) and more than 160 journal articles.

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