1. The text explores highly complex topics with simple, non mathematical approach for managers rather than economists. 2. The editions have always been well-received in US market and the newest edition has been updated with behavioural economics, case studies on Amazon, Spotify, Uber, TikTok, England National Health Service and other topical businesses. 3. Includes case studies, discussion questions and examples to illustrate the principles. 4. The book will be updated with bigger font and come in color.

First published in 1990, this work examines the link between the economic performance of companies and profit sharing. The relationship is a complex one: industrial relations may be improved by schemes, but good employers are likely to introduce profit sharing in any case; and though attitudes to work do change, schemes have more immediate impact on satisfaction an communications than on productivity and effort put into work.

The last Asian financial crisis, coupled with the western series of corporate scandals, has caused investors and citizens to doubt mangers' ability to guarantee credible financial information about organizations. Consequently, legislators all over the world have come to realise the necessity of legislating in the area of corporate governance. This book explores several national corporate governance reform experiences from around the world (including Canada, China, the United States, and the European Union) and offers an explanatory theory with regard to national systems of corporate governance. It also underlines corporate governance as a management tool and principle. The author argues that each country should be encouraged to build its own system of corporate governance which should be harmonized with its history, culture and the level of its economic development.

"This is a story about stories and specifically about some of the stories that Americans have told themselves about corporate economic power." In this book, Anne Mayhew focuses on the stories surrounding the creation of Standard Oil and Wal-Mart and their founders , John D. Rockefeller and Sam Walton, combining the accounts of economists with the somewhat darker pictures painted by writers of fiction to tease out the overarching narratives associated with American big business. Mayhew argues that the diverse views about big business and its effects of welfare can be reconciled and better policies derived from a somewhat unlikely combination of ideas from the business world and from those who have dissented from the most widely accepted story told by economists. This book draws on the work of Chandler, Coase and Williamson, as well as Marx and Veblen's discussion of supply chains to address some of the major social and economics problems of the twenty-first century.

First published in 1985, Prospects for Recovery in the British Economy examines the origins of the economic downturn of the early 1980s. The book explores the causes of the decrease in industrial production and employment during the early 1980s and considers the longer-term cyclical problems of the British economy. In doing so, it provides a detailed study on downturn and recovery from a variety of perspectives. Topics covered include the role of the financial markets; the decline in profitability and productivity in the manufacturing industry; and, the social implications of long-term trends. Prospects for Recovery in the British Economy is ideal for those with an interest in the history of the British economy and the history of economic thought.

This book examines driving factors and the effects of globalisation on economic development through firm and product-level data. The book is organised into four themes, i.e., productivity, innovation, wage and income gap, and within-firm reallocation of resources. The comprehensiveness and richness of firm and product-level data shed light upon the channels through which trade and investment affect firms' competitiveness and unveil factors shaping firms' heterogeneous responses towards globalisation. The book looks at Asian economies as well as Australia and how they have experienced substantial structural change and become more integrated into the global economy and will be a useful reference for those who are interested in learning more about the relationship between globalisation and firm performance. This book will appeal to policy makers and researchers interested in the impact of globalisation on firm performance.

Transportation Network Companies and Taxis: The Case of Seattle is a modern economic case history and thorough analysis of the devastating impact of the transportation network company (TNC) industry (Uber and Lyft) on the taxicab industry in Seattle, Washington, beginning in 2014. The events that transpired and lessons learned are applicable to most large cities in North America, Europe and Australia. As the regulator of the taxicab and TNC industries in Seattle during this period, the author offers a unique insider perspective. The book also provides internal operating statistics on the TNC industry, which are available here for the first time. Despite the spectacular growth of the TNC industry, growth rates have steadily declined and may fall to zero by 2019 or 2020, while the taxicab industry appears to have begun a modest recovery. This book offers a thorough explanation of how and why this decline has happened. It explains the taxicab industry, economic deregulation, competitive market failure, market disruption, price elasticity of demand and other concepts. There is also a wealth of data, computations and analysis for the specialized reader. This book considers the past, present and future of the taxicab and TNC industries in Seattle, It is recommended for both the general reader and industry professionals.

This book offers a comprehensive overview of the dynamics underpinning the successful performance of local innovation systems (LIS), that is, spatial concentration of innovation activities in specific geographical areas, characterized by the synergetic co-localization of research centers, innovation-driven enterprises, large corporations and capital providers. The reader will gain a deeper knowledge of LIS theory and learn about the theoretical and empirical challenges of studying the LIS from a relational perspective. The book also provides an analytical framework to explore the level of connectivity among LIS actors through the use of social network analysis (network architecture) and second, to assess the variety of different types of relationships that local actors put in place to produce innovation within the LIS (network portfolio). More specifically, this book explores which network configuration is associated with a successful LIS by deriving evidence from the empirical study of the biopharma LIS in the Greater Boston Area (GBA), which has been exemplified as a benchmark case in terms of successful LIS performance. This book also contributes to the theoretical debate about the optimal configuration of network structure (e.g. network closure vs. network openness). In capturing the heterogeneous nature of the LIS demography, it addresses the challenges brought about by the adoption of a holistic approach. Finally, the study provides insights into the network portfolio composition, which has been underexplored by extant literature. Besides addressing the scientific community in the field, this book will also be a valuable resource with practical implications for policymakers and those actors willing to undertake an active role in the development of an LIS in their own regions.

Innovation is often understood exclusively in terms of the economy, but it is definitely a result of human labour and ingenuity, and of the relationships among individuals and social groups. Some societies and governmental structures are clearly more successful than others: they act in divergent ways, fostering innovation and employment, and they utilize varied opportunities from different fields of research, from new products and from their educational systems. Thus, innovation varies fundamentally between countries, and public policies - in matters such as energy technology, environmental technologies, facing climate change, and advancing conditions of life - can be determined according to different societies' needs. This volume brings together a range of world experts to compare countries and continents and help develop a fuller picture of innovations and their social basis. It will be of interest to researchers in regional studies and economics, as well as labour unions, practitioners, and policy makers.

This book looks at the debates on global value chains (GVCs) and free trade agreements (FTAs) as springboards for industrial development in developing countries, especially India. It connects the outcomes in GVC-led industrial restructuring and upgrading to industrial policy choices in trade and FDI liberalisation, in particular those through FTAs. With the share of manufacturing in GDP stagnant at around 15-16% since the 1980s, India's policymakers have pinned their hopes on greater integration into GVCs to revitalise the manufacturing sector. The multiple FTAs the country has signed over the last few years, specifically the ones with the Association of Southeast Asian Nations (ASEAN), South Korea, Malaysia and Japan have been sought to be rationalised using the same argument. The book argues that failing to factor in the industrial policy causalities involved in sustainable indigenous technology development, structural barriers to the entry into GVCs, the assessments of the available evidence on the adverse impact of trade and FDI liberalisation as well as existing FTAs on firm-level incentives for undertaking domestic production, and the industrial policy constraints imposed by FTAs can prove costly for the trajectories of developing country economies, including India. Rich in data, this book will be useful to scholars and researchers of development economics, economics in general, development studies and public policy as well as government bodies, industry experts and policymakers.

Originally published in 1972, Incomes Policy and the Public Sector is a consideration of the work conducted by The National Board for Prices and Incomes from 1965 to 1970. The Board, commonly known as the PIB, was intended to be the instrument through which an incomes policy could be shaped and guided in Britain. This book looks first at the reports that it made, and the criteria and judgements used, and then examines incomes policy by studying its impact in several areas in the public sector. Incomes Policy and the Public Sector offers a comprehensive overview of incomes policy from 1965-1970 and puts the reader in touch with 'real economic situations'.

Originally published in 1972, Incomes Policy and the Public Sector is a consideration of the work conducted by The National Board for Prices and Incomes from 1965 to 1970. The Board, commonly known as the PIB, was intended to be the instrument through which an incomes policy could be shaped and guided in Britain. This book looks first at the reports that it made, and the criteria and judgements used, and then examines incomes policy by studying its impact in several areas in the public sector. Incomes Policy and the Public Sector offers a comprehensive overview of incomes policy from 1965-1970 and puts the reader in touch with 'real economic situations'.

Design is central to every service or good produced, sold and consumed. Manufacturing and service companies located in high cost locations increasingly find it difficult to compete with producers located in countries such as India and China. Companies in high-cost locations either have to shift production abroad or create competitive advantage through design, innovation, brand and the geographic distribution of tasks rather than price. Design Economies and the Changing World Economy provides the first comprehensive account of the relationship between innovation, design, corporate competitiveness and place. Design economies are explored through an analysis of corporate strategies, the relationship between product and designer, copying and imitation including nefarious learning, design and competitiveness, and design-centred regional policies. The design process plays a critical role in corporate competitiveness as it functions at the intersection between production and consumption and the interface between consumer behaviour and the development and design of products. This book focuses on firms, individuals, as well as national policy, drawing attention to the development of corporate and nation based design strategies that are intended to enhance competitive advantage. Increasingly products are designed in one location and made in another. This separation of design from the place of production highlights the continued development of the international division of labour as tasks are distributed in different places, but blended together to produce design-intensive branded products. This book provides a distinctive analysis of the ways in which companies located in developed market economies compete on the basis of design, brand and the geographic distribution of tasks. The text contains case studies of major manufacturing and service companies and will be of valuable interest to students and researchers interested in Geography, Economics and Planning.

First published in 1985, this study is a comparative examination of industrialisation and industrial policy from the early 1960s to the early 1980s in the five original member countries of the Association of South-East Asian Nations (ASEAN): namely Indonesia, Malaysia, the Philippines, Singapore and Thailand. The work provides an integrated overview of industrial policies and performance in the five countries and forms essential reading for both those with a specialist interest in the ASEAN countries and their economic performance, and for students of industrialisation in developing countries the world over.

This title was first published in 2001. Focusing on new industries, policies and new forms of governance, the internationally renowned contributors to this volume examine the factors promoting the sub-national economic growth that is paradoxically occurring in an era of globalization.

Over the last decade, there has been an increasing amount of research on knowledge-intensive business services (KIBS) and innovation. This book brings together current thinking on this subject from geographic and territorial perspectives. Researchers from across Europe and North America present contributions from a wide range of disciplinary approaches including management studies, innovation studies and geography. They explore areas such as innovation related cooperation between KIBS firms and their industrial partners, how KIBS firms mediate business knowledge and the impact that KIBS make in local, regional and international contexts. The book offers a timely exploration of the role played by the geographic and institutional environment in the processes that link KIBS, innovation and territory across different contexts.

In large cities in developed countries, the share of manufacturing has declined drastically in the last decades and the share of service has grown as many manufacturing firms have closed or moved to lower-cost locations. The process of deindustrialization is often seen as part of the inevitable shift towards a knowledge based economy and urban economies come to rely on research and development, financial services, tourism and the creative industries. This book looks at the changing link between manufacturing and knowledge-based activities in urban regions. The authors develop a new framework drawing on insights from organization studies and regional economic literature looking at various international case studies in Western and Eastern Europe, South America and Asia.

This book focuses on three main areas, each of which is central to economic theorising: firms' organisation and behaviour, technological change and the process of globalisation. Each subject can be analysed by using different methods, which range from purely theoretical abstractions to case studies and from econometrics to simulations. What this collection provides is a broad view of the three topics by concentrating on different aspects of each of them, and utilising different methods of investigation.

Internationalization, Technological Change and the Theory of the Firm looks in detail at various questions surrounding firms' organisation, including why we can observe ordered paths of production, whether proximity between firms matters, and whether patenting is always worthwhile. In addition, several essays explore technology and innovation, including the persistence-cum-development of old technologies. Furthermore, this book focuses on those processes which concern small- and medium-sized firms, considering the usefulness of stage theory, the possibilities of production off-shoring and the skill composition of manufacturing firms.

Overall, the book is characterised by original ideas, renewed applications of mathematical and statistical methods and the use of new databases. This valuable collection will be of interest to postgraduates and researchers focusing on innovation, theories of the firm and globalisation; and should also be useful to a professional readership as it presents up-to-date research with the aim of improving our understanding of the phenomena of technological change, firms' strategies, and globalisation.

This book addresses a range of issues relating to the nature and implications of growth of India's services sector, including factors contributing to the rise of services, output measurement and heterogeneity, growth of services exports, and employment in services sectors. From service tax, exchange rate and services exports, policy interest, employment potential and diversity of the sector to challenges in financial inclusion, trajectories of ICT services and contribution of education to GDP, it brings together diverse themes to highlight major concerns in the wake of the prominent role that services have played in placing India among the fast-growing economies in the world in recent years. The services sector in India accounts for more than 60 per cent of the GDP of the country and 28.6 per cent of its employed across government, private or state corporations and non-government organisations. The volume explores whether the services sector (beyond agriculture and industry) holds the promise of fulfilling the benefits from India's demographic dividend for its economic transformation through sustainable growth. With key empirical analyses of household, enterprise and macroeconomic data for India within both formal and informal sectors, this topical book will be useful to scholars and researchers of economics, Indian economy, political economy, development economics, development studies, public policy and South Asian studies and also to development professionals, policy makers and industry specialists.

In "The Partnership Charter," psychologist and business mediation expert David Gage offers a comprehensive guide to the art of establishing and maintaining a business partnership. The centerpiece of his approach is the Partnership Charter, a document that clearly outlines the goals, expectations, responsibilities, and relationships of the principals. The charter identifies potential sources of conflict and how they will be resolved, while addressing such sensitive issues as personal styles, values, money, and power. Illustrating every principle through engaging stories drawn from Gage's front-line experience consulting to business partners, as well as interviews with the founding partners of such successful businesses as Progressive Insurance Company and Manpower, Inc., "The Partnership Charter" dispels common myths and presents a practical framework for launching, building, and sustaining a thriving business partnership.

Unique combination of risk and construction insurance Fully up to date with FIDIC 2017 Suite of Contracts used globally on engineering and construction projects, particularly in the Middle East The book and author have been highly influential in changing the FIDIC contracts and the author has won awards for his work with the FIDIC organisation

Originally published in 2005. Countries at different stages of social, cultural and economic development approach the process of skill formation in different ways. In this enlightening collection, Marcus Powell uses empirical evidence to document how different nations formulate their training strategy, including how labour market information is used to inform decision making and the role stakeholders play in the process. Drawing on unique practical and research based experience from a variety of authors (all of whom have been employed as senior advisors or consultants to national governments or multilateral donor agencies) it provides unparalleled access to the expertise of key professionals and their knowledge about skill formation.

This book offers a comprehensive study of regional industrialization in Europe and Asia from the early nineteenth century to the present. Using case studies on regional industrialization, the book provides insights into similarities and differences in industrialization processes between European, Eurasian and Asian countries. Important factors include the transition from traditional to modern industrial production, industrial policy, agglomeration forces, market integration, and the determinants of industrial location over time. The book is an invaluable reference that attempts to bridge the fields of economic history, political history, economic geography, and economics while contributing to the debates on economic divergence between Europe and Asia as well as on the role of economic integration and globalization.

Following the restructuring process which swept away the traditional manufacturing economy of the inner city 25 years ago, new industries are transforming these former post-industrial landscapes. These creative, technology-intensive industries include Internet services, computer graphics and imaging, and video game production. The development dynamics of these new sectors are volatile in comparison with those of the classic 'Industrial City'. But these new industries highlight the unique role of the inner city in facilitating creative processes, innovation and social change. Further, they reflect the intensity of interaction between the 'global' and the 'local' in the metropolis, and represent key agencies of urban place-making and re-imaging.

This book addresses the critical intersections between process and place which underpin the formation of creative enterprises in the emergent industrial districts of the 'new inner city'. It contains intensive case studies of industrial restructuring within exemplary sites in prominent world cities such as London, Singapore, San Francisco and Vancouver. The studies demonstrate the global reach of development and innovation across these cities and sites, marked by clustering, rapid firm turnover, and interdependency between production and consumption activity. The evocative case studies, brought to life by interviews, sequential mapping exercises, media narratives, and photography, also disclose the importance of local factors (including urban scale, built form, property markets and policy) which shape both the specific industrial structures and socio-economic impacts.

The New Economy of the Inner City places inner city new industry formation within the development history of the city, and underscores its role in larger processes of urban transformation. The findings inform a critique and synthesis of urban theory which frame the evolving conditions of the 21st century metropolis. This book would be useful to researchers and students of Geography, Urban Studies, Economics and Planning.

This text is the first major survey of risk analysis from the perspective of the agricultural firms since Agricultural Decision Analysis by Anderson, Dillon, and Hardaker published in 1977. In addition to updating the traditional material from that text, this book includes the statistical foundations of decision making under risk and uncertainty. Adding to the material covered in Anderson, Dillon, and Hardaker, the text includes material on dynamic decision rules, the arbitrage pricing model, real options theory, and state-contingent production relationships. Risk, Uncertainty, and the Agricultural Firm provides a unique discussion of each application - developing the theoretical basis for each model and presenting an empirical roadmap (or the "nuts and bolts") of each model to facilitate the empirical application of each technique.