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.
General
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