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Books > Business & Economics > Business & management > Business competition
According to conventional economic wisdom, it is believed that the beneficial functioning of competition is not secured spontaneously but must be supported by state action, ie: specific antitrust laws and agencies. Hence, competition is regarded as an instance in which the visible hand of the state is believed to be needed in order to enable the invisible hand of the market to function more effectively. Topics discussed in this book include the competition and antitrust policy in the Austrian economic perspective; competition in the pharmaceutical market in Austria; a study of the greed factor in capitalism; consumption behaviours in a vertical differentiation model; the effects of mergers in the retail sector; and market competition with irrational agents.
Alex Holt, Global Head of Technology, Media and Telecoms (TMT) at KPMG, combines his years as an industry leader and advisor to the biggest names in tech to decode and share the blueprint to achieve breakthrough success in the digital era. Over the past decade a small number of companies have changed every aspect of how we live, work and play. These Outpacers have become enormous global businesses with companies like Google, Amazon, Netflix, Salesforce, Meta, Tesla and Apple all totally redefining what a successful organization looks and feels like. Each chapter in Outpacer focusses on an Outpacer characteristic required for organisational greatness and features examples of what it is and how to achieve it, including; how to structure your company's mission and vision, foster the right entrepreneurial culture, innovate, collaborate and utilise agile technology and data driven insights to drive continuous progress, deliver an exceptional customer experience and achieve outstanding results. Each Outpacer characteristic is illustrated by fascinating profiles of business leaders from companies such as Google, Amazon, Apple and Tesla who have driven phenomenal success, alongside profiles of the stars of film, tv, music and sport who share the same winning characteristic such as Reese Witherspoon, Jay Z and Sir Lewis Hamilton. The combination of business leaders and popular icons illustrate and inspire the reader helping them to learn how they too can lead an Outpacer business. This is not business as usual.
Be inspired to transform your business to change the world. Do you ever wonder how successful businesses can be used as a force for good? Do you sometimes feel conflicted by the principles of capitalism? Do you wish to change the world around you whilst doing what you love? In this book, Gaurav Sinha, world-class businessman and entrepreneur, founder of Insignia in 2003, outlines the economics of empathy for life and for business. He offers actionable solutions to maintaining a successful trade in a changing global landscape where conscience, ethics, and authenticity are high on the agenda. The world is changing, perceptions are shifting, consumers are evolving, and this book will ensure your business keeps up.
SHORTLISTED FOR THE CMI MANAGEMENT BOOK OF THE YEAR INNOVATION AND ENTREPRENEURSHIP AWARD Netflix, Spotify, and Salesforce are just the tip of the iceberg for the subscription model. The real transformation--and the real opportunity--is just beginning --- Today's consumers prefer the advantages of access over the hassles of ownership. It's not just internet services like Netflix and Spotify; even industrial firms like GE and Caterpillar are reinventing themselves as solutions providers. Whether you sell software, clothes, insurance, or industrial machines, you need to master the transition to the subscription model. Adapting to the subscription economy takes more than just deciding to sell subscriptions instead of products. You'll have to reinvent your company from the inside out -- from your accounting to your entire IT architecture. No matter how large or small your company, Subscribed gives you a practical, step-by-step framework to rebuild your business around a customer-centric, recurring revenue model.In ten years, we'll be subscribing to everything: information technology, transportation, retail, healthcare, even housing. Informed by insights straight from the servers of Zuora, the world's largest subscription finance platform, Subscribed is the book that explains how this shift really works -- and how business leaders can prepare and prosper.
Entrepreneurship has been the focus of considerable interest in the policy and business circles in the past two decades. Against a backdrop of the recent global recession, downsizing by large firms and problems of inequality and unemployment in many countries in Europe and Africa, it is realized that vigorous entrepreneurship is critical for sustainable job creation, and for boosting tax revenue and economic growth in a society. This book provides current research on entrepreneurship and firm performance. The first chapter examines the nature of entrepreneurship by selectively drawing from the economic, management and psychological schools, and then presents an integrated electric view of entrepreneurship based on the different schools of thought. Chapter two theoretically examines the influence of international non-governmental organizations (INGOs), on local and international entrepreneurial activity stemming from emerging markets in light of globalisation and the aftermath of the global economic crisis. Chapter three examines the moderating effect of prior functional and prior founding experiences of the founders on the relationship between ecosystem and new venture growth. Chapter four justifies both theoretically and scientifically the emotional and social aspects of gender, and offers a new arena for sketching the figures of a man and a woman entrepreneur. Chapter five discusses topics of entrepreneurship in Brazil, focusing on psychosocial elements which impact entrepreneur's agency and considering cultural, social and psychological aspects which singularize such practice, potentially distinguishing it from other countries' experiences. Chapter six analyzes the situation of social entrepreneurship in Lithuania, emphasizing its policy and practice in the European Union (EU) context, striving for youth involvement in becoming social entrepreneurs. Chapter seven conducts an initial insight on the link between entrepreneurial motivations and performance in microfinance institutions (MFIs). The last chapter proposes a multidimensional approach to the study of entrepreneurship.
Now available in paperback, with an all new Reader's guide, The New York Times and Business Week bestseller Co-opetition revolutionized the game of business. With over 40,000 copies sold and now in its 9th printing, Co-opetition is a business strategy that goes beyond the old rules of competition and cooperation to combine the advantages of both. Co-opetition is a pioneering, high profit means of leveraging business relationships.
The emergence of India and China as economic powers has shifted the global landscape and called into question the ability of the United States to compete. Advantage sorts out the challenges the United States faces and focuses on what drives innovation, what constrains it, and what strengths we have to leverage. Entirely recasting the stakes of the debate, Adam Segal makes the compelling case for the crucial role of the "software" of innovation. By bolstering its politics, social relations, and institutions that move ideas from the lab to the marketplace, the United States can preserve its position as a global power. With up-to-the minute economic and political data, this is a resounding call to tie innovation to larger social goals in an age of global science and technology.
The quality revolution in American industry, now more than a decade old, has produced an avalanche of books, but this is the first in-depth study reporting the struggles from inside the companies that have attempted large-scale improvement efforts. Jeremy Main has interviewed more than a dozen chief executives, all of whom have managed quality programs, including Charles Clough of Nashua, Robert Galvin of Motorola, James Hagen of Conrail, Roger Milliken of Milliken, Ray State of Analog Devices, and John Young of Hewlett-Packard, in addition to hundreds of other senior executives, workers, labor representatives, city officials, military officers, and hospital administrators. Through their experiences, Main reveals what works and what doesn't work when an organization attempts the transforming leap into Total Quality Management. Their message comes through loud and clear: it is a tough battle, but persistence can win priceless rewards. The notable successes at BancOne, L.L. Bean, Ford, Hewlett-Packard, Motorola, Saturn, Solectron, and Xerox prove it. However, Main shows that Motorola and Hewlett-Packard, among the earliest and best practitioners of total quality, are still finding obstacles to overcome. And some other early converts, such as Florida Power & Light, have stumbled badly along the way. Main's vivid descriptions of these setbacks capture the difficulties inherent in implementing a total quality system. His dramatic accounts of success and failure at companies such as Milliken and Intel convey valuable knowledge that is otherwise gained only by actual experience. The way to achieve the "new quality" of today, Main shows, is through a full commitment to TQM. He revealsthrough the experiences of these companies that TQM is not just a management tool, as it has often been used, but a management philosophy that is indispensable in attaining a high level of quality -- now a requisite for competing successfully. With the collaboration of the Juran Institute, Main demonstrates how TQM has transformed companies by improving quality at all levels. The accounts of these triumphs are direct evidence that world-class quality is attainable by American industry, and will inspire and point the way for executives, managers, and government officials in their timeless pursuit of total quality.
Globalisation of the economy and in particular the competition of low-priced goods from Asia have confronted Europe with an important question of what are its real competitive capabilities, sustainability of its economy and of the values of typical Europeans. The famous Lisbon Strategy (2000) has been an attempt to answer this by creating the knowledge economy, where providing conditions for establishment of the common European market and investing in R&D and knowledge would be of crucial importance. This book analyses the Lisbon Strategy from various perspectives. The first part of the book -- Increasing Companies' Competitiveness by means of R&D Activities and Innovations -- discusses the importance of both for economic growth. The instruments of the Lisbon Strategy are presented and then critically evaluated. It is shown that every country needs its own 'Lisbon' strategy, which would emphasise individual ways of achieving higher competitive levels. . It is in the spirit of this that we present two cases of small open economies, the Netherlands and Slovenia. In the second part -- Structural Reforms, Stabilisation, and Social Cohesion in Slovenia -- we discuss the interconnections between various mechanisms and government policies aimed at achieving faster economic growth in a technology follower country, such as Slovenia. The third part -- The innovative firm -- presents few case studies. The open innovation model is used to present the case of Gorenje, d.d., a company that is active in a mature industry. We discuss innovations in tourism, which, similar as most other service industries, has no established place in the innovation literature. The last articles in this part discuss the creation of new technological companies. The fourth part of the book -- The Company Social Responsibility -- embarks upon a currently very hot topic, which deals with the question of whether a company, in addition to achieving appropriate financial results, is also in other terms responsible for social environment.
Become a master of macroeconomics (without formal economics training).. Do you "really" understand how the business cycle, fiscal policy, and other broad-based economic concepts affect your income, investments, and bank account? Macroeconomics Demystified will make sure you do, providing you with a concise yet detailed introduction to the macroeconomic principles and policies that regularly impact your professional life and financial status. . . This unique, hands-on guide uses clear graphs, succinct explanations, and practical examples--along with chapter-ending quizzes and two 60-question final exams--to help you easily grasp this vital and fascinating topic. From fundamental concepts like supply and demand to ways in which government fiscal policy can help or hurt the stock market, it provides a crystal-clear picture of classic macroeconomic concepts and principles and their often unseen influence on everyday life.. . Simple enough for a beginner, yet detailed enough for a college student, Macroeconomics Demystified is your clearest and most direct route to understanding macroeconomics.. . Heres everything you need to understand: . Basics--The circular flow model, aggregate supply and aggregate demand, money and the federal reserve system, the money market, global economics . Goals--Requirements to achieve economic growth, full employment GDP, tools for maintaining price stability . Models--the classical model, the Keynesian model, and the monetarist model . Policy--Uses of fiscal policy to achieve macroeconomic goals, rules required for effective monetary policy .
Antitrust in Germany and Japan presents an innovative, comparative analysis of the development and enforcement of two antitrust regimes, illustrating how each was shaped by American occupation strategies and policies following World War II. First imposed in 1947, the anti-trust controls in Germany and Japan were the world's first outside the United States. Those enacted in Japan continue in force, whereas in Germany, following a decade of debate, the occupation legislation was superseded in 1975 by the Law Against Restraints of Competition. This study explores the ironies and errors that led to the enactment of the German and Japanese statutes and emphasizes the unexpected degree of convergence that has occurred during the past fifty years through amendment and practice. It compares in detail the institutional structure and processes for the enforcement of antitrust controls as well as the system of remedies and sanctions available under each statute. It notes the debates in Germany and Japan over the effectiveness of statutes, particularly the still timely debate in 1970s Germany over a proposal for criminal sanctions. Antitrust in Germany and Japan reveals many unexpected and controversial similarities between the two antitrust regimes and demonstrates the extent to which American policy toward Germany determined American policy in Japan not only during presurrender planning but also throughout the occupation. It also challenges the prevailing view of the relative strength of antitrust controls in Germany relative to the weakness of antitrust in Japan. This book will be of interest to corporate lawyers as well as to legal historians and scholars of political economy.
?Hunt convincingly demonstrates that competition is not about dividing up limited resources but about creating more resources and thus competition is pro-society. This truly interdisciplinary book successfully develops a general theory of competition which is rich in explanatory breadth and depth. Consequently, executives and entrepreneuers, management consultants, public makers, and scholars and students in economics, law, political science, and business should read and study this book.? ?Robert F. Lusch, University of Oklahoma This book develops a new theory of competition. This theory ? labeled ?resource-advantage theory? ? stems from no single research tradition, but draws on several different traditions in economics, management, marketing, and sociology. In this ground-breaking volume, Shelby Hunt articulates R-A theory, uses the theory to explain and predict economic phenomena, and shows how (and why) it explains and predicts such phenomena.
`I found myself questioning my current views on globalization and international competition. In so doing, I have come to a fuller understanding of the dynamics of the process and have enjoyed a unique view into the minds of the decision makers' - Organization Studies `This book is an unusual and valuable addition to the literatures of international business' - International Business Review `The first interesting feature of this study is the selection of industries.... The book provides some valuable insight into the geographic distribution of the world in the mind of the chief executives? a matter of interest not only to industry and academia, but also to policy makers.... The classification of international strategies deducted from the interview data is another contribution that book makes.... The book has achieved its main goal of linking theory and practical experience [and] provides interesting reading.... The book translates the logic of the industry world into a nice theory leaving it up to the reader to accept or reject the accompanying business ethics and values' - Prometheus `A highly effective analysis of the changing patterns of competition viewed from an international perspective. There is a plethora of books on globalization and internationalization of industries, but most are long on words and speculation, but short on hard evidence and perspective. Here, the approach of the authors is not to argue that the world is becoming more (or less) global, but to provide a valuable insight into just how these forces are shaping industries, whether managers can influence these forces and what they might mean for those involve'- Charles Baden-Fuller, City Business School, Series Editor This book uses in-depth current data from a range of international business, and provides an important new framework for understanding international competitive systems and formulating international business strategy.
Will the rush of the information super-highway leave U.S. telecommunication policy in the dust - or will our policy keep pace with and effectively regulate the future of telecommunication? Former FCC Bureau Chief Gerald Brock argues that the existing agencies with overlapping responsibilities can set policies that will wisely steer the telecommunication industry through the high-speed changes just around the corner. Brock develops a new theory of decentralized public decision-making and uses it to clarify the dramatic changes that have transformed the industry from a heavily regulated monopoly to a set of market-oriented finds. In a uniquely authoritative, up-to-date history of telecommunication policy - informed in part by his firsthand experience - the author looks at decisions made by the FCC, state regulatory agencies, the Department of Justice, Congress, and federal courts. He demonstrates how the decentralized decision-making process - whose apparent element of chaos has so often invited criticism - has actually made the United States a world leader in reforming telecommunication policy. Brock traces the flow of information through the bureaucratic web that regulated the divestiture and earlier transitions, such as the first monopoly-eroding attachment of terminal equipment and the development of private microwave systems. Throughout his analysis, Brock convincingly shows that decentralized policymaking generates rational outcomes consistent with public preferences. Replete with details on the role of subsidies in influencing policy, and including in-depth analysis of events after the divestiture, this study could regenerate U.S. policymaking in telecommunication and other publicrealms. It will be essential reading for everyone interested in the current debate over President Clinton's proposals concerning the information infrastructure, for all architects of public policy, and for those who study it.
Strong forces of change are reshaping the management landscape. TodayÆs business environment is fraught with uncertainty, diverse global players, rapid technological change, widespread price wars, and seemingly endless reorganization. The editors and contributors of Managing in Times of Disorder demonstrate that a far-reaching shift has occurred in the venture of competition that has resulted in a new organizational paradigmùhypercompetition. The innovative chapters in this groundbreaking volume form a complex fabric of new theoretical frameworks, models, strategies, organizational forms, and interdisciplinary methods that address hypercompetitive environments in a radically new way. The authorsÆ findings reveal new patterns of language, metaphor, structure, and strategy that are necessary for business survival in chaotic times. Managing in Times of Disorder will be of interest to students and professionals in organization studies and management.
In Integrated Strategic Change, Chris Worley, David Hitchin, and Walter Ross describe a process model of change that leads organizations through strategic analysis, strategy making, and the development and implementation of a strategic change plan. By integrating the process orientation of OD with the content orientation of strategy, an organizational capability is produced that helps organizations understand when and how to make fundamental strategic change. The book is written for human resource executives, strategic planners, and line managers interested in improving the quality of strategic implementation. It can also serve as a supplemental text for business strategy courses that wish to emphasize process approaches to strategy or strategic change.
"We should be grateful to Ostry and Nelson for giving clarity and balance to interrelated subjects too often dominated by passion and muddle." Keith Pavitt, University of Sussex Sylvia Ostry is chair of the Centre for International Studies, University of Toronto. Richard R. Nelson is professor of international and public affairs, business, and law at Columbia University. This work is part of the Integrating National Economies series. As global markets for goods, services and financial assets have become increasingly integrated, national governments no longer have as much control over economic markets. With the completion of the Uruguay Round of the GATT talks, the world economy has entered a fresh phase requiring different rules and different levels of international cooperation. Policies once thought to be entirely domestic and appropriately determined by national political institutions, are now subject to international constraints. Cogent analysis of this deeper integration of the world economy, and guidelines for government policies, are urgent priorities. This series aims to meet these needs over a range of 21 books by some of the world's leading economists, political scientists, foreign policy specialists and government officials.
Essential for students of international business, this unique textbook arrives at a time when the Nordic model has become globally envied for its competitiveness and success.It is based on extensive research from a number of prominent Nordic institutions, edited by a highly regarded, expert team. This is the first book to examine and explain the development of a Nordic model of capitalism.Creating the Model of Nordic Capitalism illuminates how the economies of five small North European countries; Denmark, Finland, Norway, Iceland and Sweden, became so competitive during the twentieth century. Through rigorous analysis the authors propose and describe the defining features of Nordic capitalism.
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