Cover image for Improving competitiveness of industry
Title:
Improving competitiveness of industry
Personal Author:
Physical Description:
x, 134 pages ; illustrations ; 24 cm.
ISBN:
9789814335973
Abstract:
"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." --Publisher's website.

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30000010280434 HD31 B495 2011 Open Access Book Book
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Summary

Summary

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. Bankrupt Greece is buying costly submarines and fighter planes.
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.


Table of Contents

Prefacep. v
Acknowledgmentsp. vii
Chapter 1 An Agenda for Increasing Productivity: An Introductionp. 1
Chapter 2 Corporate Tax Modification Proposalsp. 5
Chapter 3 Productivity and the Net Present Value Calculationp. 13
Chapter 4 A Managerial Incentive Strategy for Increased Productivityp. 21
Chapter 5 Economic Incomep. 35
Chapter 6 Flexible Wages: A Wage Plan for Increased Productivityp. 47
Chapter 7 Industrial Democracyp. 59
Chapter 8 Correcting One Problem: Introducing Present Value Depreciationp. 71
Chapter 9 Using Earnings Per Share and Stock Prices to Measure Managerial Performancep. 83
Chapter 10 Ten Management Errorsp. 89
Chapter 11 Costs of Capital by Divisionp. 97
Chapter 12 Mergers, Acquisitions, and LBOsp. 103
Chapter 13 Little Differences and Big Resultsp. 109
Chapter 14 Scientific Managementp. 117
Chapter 15 Corporate Strategiesp. 121
Chapter 16 Achieving an Improved Competitive Positionp. 125
Indexp. 133