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Books > Business & Economics > Business & management > Business competition
Leveque recounts twenty revealing tales of real-life rivalry between firms across diverse industries, including wine, skiing, opera, video games and cruise liners. These entertaining and insightful narratives are informed by recent advances in economics, factoring in the many forces driving competition, including globalization and innovation. Divided into four sections, the book covers competition and the market; competition and variety; competition through innovation; and competition and equality. Read together, these stories also serve as building blocks to address the issue of whether competition between firms has entered a new era of increased intensity. This book will appeal to anyone, from company executives to consumers, who are interested in the economics of contemporary industry and want to incorporate a grasp of competition into their everyday decision-making. This book can also be used as a supplementary text in courses in microeconomics, business economics and industrial organisation.
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.
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.
Where economic activity will locate in the future is one of the most important questions in economics. Even though advances in technology have reduced the cost of transport, communication and information gathering and processing, hence curtailing the 'distance penalty', local proximity (clusters) of firms that produce similar, competing and/or related products together with supporting institutions still matter. Economies of scale, activity-specific backward and forward linkages (indivisible production), accumulated knowledge and skills, innovation, existence of sophisticated customers and a fall in transportation costs play relevant roles in the 'protection' of clusters and absolute locational advantages of certain locations. 'Global' competitiveness often depends on highly concentrated 'local' knowledge, capabilities and common tacit codes of behaviour, which can be found in a geographical concentration (cluster) of firms.
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 .
Is U.S. high-technology manufacturing at risk? In response to the concern that an increasing amount of high-technology manufacturing formerly performed in the United States is now being done overseas, the Office of Science and Technology Policy asked the Rand Corporation to provide analytic support to the President's Council of Advisors on Science and Technology. The support included a description of past and current trends of U.S. high-tech manufacturing, a theoretical and empirical economic analysis of traditional and high-tech manufacturing, and an analysis of U.S. research and development statistics and of trends in choices of academic disciplines.
?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.
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 this pathbreaking book, Richard D'Aveni shows how competitive moves and countermoves escalate with such ferocity today that the traditional sources of competitive advantage can no longer be sustained. D'Aveni argues that a company must fundamentally shift its strategic focus. He constructs a compre-hensive model that shows how firms move up "escalation ladders" as advantage is continually created, eroded, destroyed, and recreated through strategic maneuvering in "four arenas" of competition. Using detailed examples from hypercompetitive industries such as computers, automobiles, and pharmaceuticals, D'Aveni demon-strates how hypercompetitive firms succeed by disrupting the status quo and creating a continuous series of temporary advantages. With its emphasis on real-world experiences of corporate warfare, this abridged paperback edition of D'Aveni's masterwork will be essential reading for scholars and managers alike - a perfect introduction to the battlefield of hypercompetitive rivalries.
The negotiation of the Canada-U.S. Free Trade agreement in 1985-88 initiated a period of substantially increased North American, and later, global economic integration. However, events since the election of Donald Trump in 2016 have created the potential for major policy shifts arising from NAFTA's renegotiation and continuing political uncertainties in the United States and with Canada's other major trading partners. Navigating a Changing World draws together scholars from both countries to examine Canada-U.S. policy relations, the evolution of various processes for regulating market and human movements across national borders, and the specific application of these dynamics to a cross-section of policy fields with significant implications for Canadian public policy. It explores the impact of territorial institutions and extra-territorial forces - institutional, economic, and technological, among others - on interactions across national borders, both within North America and, where relevant, in broader economic relationships affecting the movement of goods, services, people, and capital. Above all, Navigating a Changing World represents the first major study to address Canada's international policy relations within and beyond North America since the elections of Justin Trudeau in 2015 and Donald Trump in 2016 and the renegotiation of NAFTA.
Learning and performing profoundly affect our results and actions. Yet getting the balance right is a challenge to individuals and organisations. While performing is about meeting the demands placed upon us, learning expands our capacity to meet future demands. Everyday successes and failures are shaped by the way we balance learning and performing. More than just actions, balance involves a set of values that are fundamental to the successful operation of organisations. These values are key dimensions around which organisational cultures form. Unfortunately, achieving balance is like a dance going wrong in organisations around the world: we have been following the same pattern for so long that we are now struggling to establish better ways of going about it.This intriguing book is a collection of essays from leading consultants, practitioners and scholars offering practical approaches, fresh insights and strategies to proposed solutions for sustained organisational growth and competitive advantage. The book explains the nature of the learning and performance "dance" and its importance to organisations today, and is an indispensable resource for managing the dilemmas and tensions faced by individuals and organisations.
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.
A corporate recruiter tells why he says no-and how first-time
job-hunters can get the yes.
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.
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.
Ten years in the making, this book paints competition of the future based on in-depth research of worldwide business over the past 100 years. By analogy, it shows business competition in its 19th century childhood, 20th century adolescence, and 21st century adulthood. The book highlights new beginnings - the Intelligence Age, highly networked "MegaStrategic Business Entities", and the need for both a "Competitive Knowledge Base" and "Perpetual Strategy Process" to provide an early warning system for executives. This book provides the salient characteristics of successful companies, leaders and business practices of the 21st century. It covers business in Europe, North America and the Asia/Pacific region. Dozens of companies are profiled - Nestle, 3M, Toyota, Royal Dutch Shell, Procter & Gamble, Sony - and many more. This is must-reading for executives, managers, investors, students and others who want to plot a successful course for the future. It is also an invaluable reference tool for educators guiding the business leaders of tomorrow.
Americans have long appealed to images of free competition in
calling for free enterprise, freedom of contract, free labor, free
trade, and free speech. This imagery has retained its appeal in
myriad aspects of public policy--for example, Senator Sherman's
Anti-Trust Act of 1890, Justice Holmes's metaphorical marketplace
of ideas, and President Reagan's rhetoric of deregulation.
Everybody knows that digital technology has revolutionized our economy and our lifestyles. But how many of us really understand the drivers behind the technology - the significance of going digital; the miniaturization of circuit boards; the role of venture capital in financing the revolution; the importance of research and development? How many of us understand what it takes to make money from innovative technologies? Should we worry about manufacturing going offshore? What is the role of India and China in the digital economy? Drawing on a lifetime's experience in the industry, as an engineer, a senior manager and as a partner in a venture capital firm, Henry Kressel offers an expert personalized answer to all these questions. He explains how the technology works, why it matters, how it is financed and what the key lessons are for public policy.
** Tightening of CO2 emission allocations in the EU may mean big bills for industries affected--what impacts will this have on their competitiveness? ** Leading experts analyze the consequences on competitiveness and profitability for a range of industrial sectors and the responses available to them ** First ever in-depth study of this critical dimension of carbon emissions trading schemes This special issue of the Climate Policy journal examines the impacts on the competitiveness and the commercial incentives available from the CO2 allowance allocations under the EU Emissions Trading Scheme, and discusses appropriate allocation methodologies, and whether-and if so at what stage-the ETS itself may need to be amended. The study is multidisciplinary, combining economic, legal and policy analysis with specific studies of impacts on electricity, cement and other industrial sectors and allocation issues. It brings together the results of research conducted over the past two years from various research centers and consultancies in Europe, and in particular work commissioned by the Carbon Trust and Climate Strategies Network. Through these, it presents the most comprehensive and detailed set of analyses of allocation and competitiveness yet conducted. Lead authors include: Damien Demailly, Michael Grubb, Angus Johnston, Karsten Neuhoff, Jos Sijm and Robin Smale.
Competing organizations today have access to the same global sources of finance, materials and machines and to a vast amount of information. Knowledge, however, is a less common resource which, when available, can bring significant competitive advantage, allowing companies to respond, develop, and improve in times of rapid change. Knowledge of how to work together through questioning and dialogue is essential to allow ideas to develop and be expressed constructively.;This book assembles a consensus of views on how best to prepare for knowledge-based competition. It describes techniques, illustrates trends, refers to practical examples, and comments on the implications for all types of business. |
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