Seiichiro Yonekura
- Published in print:
- 2004
- Published Online:
- September 2007
- ISBN:
- 9780199241057
- eISBN:
- 9780191714290
- Item type:
- chapter
- Publisher:
- Oxford University Press
- DOI:
- 10.1093/acprof:oso/9780199241057.003.0005
- Subject:
- Business and Management, Information Technology
This chapter argues that Japan's Ministry of International Trade and Industry (MITI), whether fortuitously or otherwise, hit upon a strategy for the computer industry, which called for coordination ...
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This chapter argues that Japan's Ministry of International Trade and Industry (MITI), whether fortuitously or otherwise, hit upon a strategy for the computer industry, which called for coordination between appropriate administrative guidance and intervention on the one hand, and allowed autonomy and self-determination for private companies on the other. By heeding the advice of industry and cooperating positively with private companies, MITI adopted either a ‘planned coordination’ approach or a ‘market coordination’ approach according to industry function. The intervention by function approach worked well for the computer industry.Less
This chapter argues that Japan's Ministry of International Trade and Industry (MITI), whether fortuitously or otherwise, hit upon a strategy for the computer industry, which called for coordination between appropriate administrative guidance and intervention on the one hand, and allowed autonomy and self-determination for private companies on the other. By heeding the advice of industry and cooperating positively with private companies, MITI adopted either a ‘planned coordination’ approach or a ‘market coordination’ approach according to industry function. The intervention by function approach worked well for the computer industry.
Lawrence Mills
- Published in print:
- 2012
- Published Online:
- September 2012
- ISBN:
- 9789888083985
- eISBN:
- 9789882209084
- Item type:
- book
- Publisher:
- Hong Kong University Press
- DOI:
- 10.5790/hongkong/9789888083985.001.0001
- Subject:
- Economics and Finance, South and East Asia
Protecting Free Trade is the story of a paradox that both limited and stimulated Hong Kong’s post-war economy. In order to preserve its access to open markets, Hong Kong was obligated by ...
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Protecting Free Trade is the story of a paradox that both limited and stimulated Hong Kong’s post-war economy. In order to preserve its access to open markets, Hong Kong was obligated by international agreements to accept restraints on its exports; and in order to sustain growth, Hong Kong had to subject its largest industry — textiles — to a massive network of restrictions. Protecting Free Trade examines how Hong Kong handled, by negotiation, attempts by developed economies to limit international trade through protective measures. The central argument is that, far from stifling Hong Kong’s industry, restrictive international trade agreements were the stimulus for economic success by creating a sellers’ market in which Hong Kong was the dominant supplier. Lawrence Mills was deeply involved in many of the critical economic issues that Hong Kong faced in the 50 years leading up to its return to China in 1997. In Protecting Free Trade he examines the constitutional paradox of Britain's international responsibility for, but different trading interests from, Hong Kong. He explains why, for the strategic defence of its interests, Hong Kong depended on international trade arrangements and bilateral restraint agreements. Protecting Free Trade also examines the role of the Commerce and Industry Department, which Mills headed, and of its principal advisory boards. It details the bureaucratic systems, including controversial quota controls, that were necessary to give Hong Kong’s businessmen stability and room for manoeuvre in fast-evolving markets.Less
Protecting Free Trade is the story of a paradox that both limited and stimulated Hong Kong’s post-war economy. In order to preserve its access to open markets, Hong Kong was obligated by international agreements to accept restraints on its exports; and in order to sustain growth, Hong Kong had to subject its largest industry — textiles — to a massive network of restrictions. Protecting Free Trade examines how Hong Kong handled, by negotiation, attempts by developed economies to limit international trade through protective measures. The central argument is that, far from stifling Hong Kong’s industry, restrictive international trade agreements were the stimulus for economic success by creating a sellers’ market in which Hong Kong was the dominant supplier. Lawrence Mills was deeply involved in many of the critical economic issues that Hong Kong faced in the 50 years leading up to its return to China in 1997. In Protecting Free Trade he examines the constitutional paradox of Britain's international responsibility for, but different trading interests from, Hong Kong. He explains why, for the strategic defence of its interests, Hong Kong depended on international trade arrangements and bilateral restraint agreements. Protecting Free Trade also examines the role of the Commerce and Industry Department, which Mills headed, and of its principal advisory boards. It details the bureaucratic systems, including controversial quota controls, that were necessary to give Hong Kong’s businessmen stability and room for manoeuvre in fast-evolving markets.
Kristyn Gorton
- Published in print:
- 2009
- Published Online:
- September 2012
- ISBN:
- 9780748624171
- eISBN:
- 9780748670956
- Item type:
- book
- Publisher:
- Edinburgh University Press
- DOI:
- 10.3366/edinburgh/9780748624171.001.0001
- Subject:
- Society and Culture, Media Studies
An engaging and original study of current research on television audiences and the concept of emotion, this book offers a unique approach to key issues within television studies. Topics discussed ...
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An engaging and original study of current research on television audiences and the concept of emotion, this book offers a unique approach to key issues within television studies. Topics discussed include: television branding; emotional qualities in television texts; audience reception models; fan cultures; 'quality' television; television aesthetics; reality television; individualism and its links to television consumption. The book is divided into two sections: the first covers theoretical work on the audience, fan cultures, global television, theorising emotion and affect in feminist theory and film and television studies. The second half offers a series of case studies on television programmes in order to explore how emotion is fashioned, constructed and valued in televisual texts. The final chapter features original material from interviews with industry professionals in the UK and Irish Soap industries along with advice for students on how to conduct their own small-scale ethnographic projects.Less
An engaging and original study of current research on television audiences and the concept of emotion, this book offers a unique approach to key issues within television studies. Topics discussed include: television branding; emotional qualities in television texts; audience reception models; fan cultures; 'quality' television; television aesthetics; reality television; individualism and its links to television consumption. The book is divided into two sections: the first covers theoretical work on the audience, fan cultures, global television, theorising emotion and affect in feminist theory and film and television studies. The second half offers a series of case studies on television programmes in order to explore how emotion is fashioned, constructed and valued in televisual texts. The final chapter features original material from interviews with industry professionals in the UK and Irish Soap industries along with advice for students on how to conduct their own small-scale ethnographic projects.
Franz Neumann
- Published in print:
- 2013
- Published Online:
- October 2017
- ISBN:
- 9780691134130
- eISBN:
- 9781400846467
- Item type:
- chapter
- Publisher:
- Princeton University Press
- DOI:
- 10.23943/princeton/9780691134130.003.0018
- Subject:
- History, Military History
This chapter focuses on cartels and cartel-like organizations in Nazi Germany. The report explains German industrial organization is dominated by large vertical combines. Cartels and other ...
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This chapter focuses on cartels and cartel-like organizations in Nazi Germany. The report explains German industrial organization is dominated by large vertical combines. Cartels and other associations of business, a common fixture of the German economy, have been used by the combines as means for the domination of industry and are in part a reflection of the degree of concentration of German industry. The prototypes of the combines are those within so-called heavy industry. The chapter first considers the role of cartels and cartel-like organizations in Germany before offering a number of recommendations relating to denazification, administration, cartels, Reichsvereinigungen, the Chambers of Industry and Commerce, and the main committees and rings.Less
This chapter focuses on cartels and cartel-like organizations in Nazi Germany. The report explains German industrial organization is dominated by large vertical combines. Cartels and other associations of business, a common fixture of the German economy, have been used by the combines as means for the domination of industry and are in part a reflection of the degree of concentration of German industry. The prototypes of the combines are those within so-called heavy industry. The chapter first considers the role of cartels and cartel-like organizations in Germany before offering a number of recommendations relating to denazification, administration, cartels, Reichsvereinigungen, the Chambers of Industry and Commerce, and the main committees and rings.
Helena Chance
- Published in print:
- 2017
- Published Online:
- September 2017
- ISBN:
- 9781784993009
- eISBN:
- 9781526124043
- Item type:
- book
- Publisher:
- Manchester University Press
- DOI:
- 10.7228/manchester/9781784993009.001.0001
- Subject:
- Architecture, Architectural History
From the 1880s, a new type of designed green space appeared in the industrial landscape in Britain and the USA, the factory pleasure garden and recreation park, and some companies opened allotment ...
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From the 1880s, a new type of designed green space appeared in the industrial landscape in Britain and the USA, the factory pleasure garden and recreation park, and some companies opened allotment gardens for local children. Initially inspired by the landscapes of industrial villages in the UK, progressive American and British industrialists employed landscape and garden architects to improve the advantages and aesthetic of their factories. In the US, these landscapes were created at a time of the USA’s ascendancy as the world’s leading industrial nation. The factory garden and park movement flourished between the Wars, driven by the belief in the value of gardens and parks to employee welfare and to recruitment and retention. Arguably above all, in an age of burgeoning mass media, factory landscaping represented calculated exercises in public relations, materially contributing to advertising and the development of attractive corporate identities. Following the Second World War the Americans led the way in corporate landscaping as suburban office campuses, estates and parks multiplied. In the twenty-first century a refreshed approach brings designs closer in spirit to pioneering early twentieth century factory landscapes. This book gives the first comprehensive and comparative account of the contribution of gardens, gardening and sports to the history of responsible capitalism and ethical working practices from multiple critical perspectives and draws together the existing literature with key primary material from some of the most innovative and best documented of the corporate landscapes; Cadbury, the National Cash Register Company, Shredded Wheat and Spirella Corsets.Less
From the 1880s, a new type of designed green space appeared in the industrial landscape in Britain and the USA, the factory pleasure garden and recreation park, and some companies opened allotment gardens for local children. Initially inspired by the landscapes of industrial villages in the UK, progressive American and British industrialists employed landscape and garden architects to improve the advantages and aesthetic of their factories. In the US, these landscapes were created at a time of the USA’s ascendancy as the world’s leading industrial nation. The factory garden and park movement flourished between the Wars, driven by the belief in the value of gardens and parks to employee welfare and to recruitment and retention. Arguably above all, in an age of burgeoning mass media, factory landscaping represented calculated exercises in public relations, materially contributing to advertising and the development of attractive corporate identities. Following the Second World War the Americans led the way in corporate landscaping as suburban office campuses, estates and parks multiplied. In the twenty-first century a refreshed approach brings designs closer in spirit to pioneering early twentieth century factory landscapes. This book gives the first comprehensive and comparative account of the contribution of gardens, gardening and sports to the history of responsible capitalism and ethical working practices from multiple critical perspectives and draws together the existing literature with key primary material from some of the most innovative and best documented of the corporate landscapes; Cadbury, the National Cash Register Company, Shredded Wheat and Spirella Corsets.
David M. Williams and Andrew P. White
- Published in print:
- 1991
- Published Online:
- September 2018
- ISBN:
- 9780969588504
- eISBN:
- 9781786944931
- Item type:
- chapter
- Publisher:
- Liverpool University Press
- DOI:
- 10.5949/liverpool/9780969588504.003.0004
- Subject:
- History, Maritime History
A bibliography of post-graduate theses concerning the Cargo Trade of Coal; Grain; Guano; Opium; Salt; Sugar; Tea; Timber; Tobacco; Wine and Spirits; Wool, and more.
A bibliography of post-graduate theses concerning the Cargo Trade of Coal; Grain; Guano; Opium; Salt; Sugar; Tea; Timber; Tobacco; Wine and Spirits; Wool, and more.
Martin Fransman
- Published in print:
- 1999
- Published Online:
- November 2003
- ISBN:
- 9780198289357
- eISBN:
- 9780191596261
- Item type:
- chapter
- Publisher:
- Oxford University Press
- DOI:
- 10.1093/0198289359.003.0006
- Subject:
- Economics and Finance, Microeconomics
The chapter begins with a summary of the innovation process in Japanese companies, paying particular attention to several distinctive Japanese forms of organization, such as the lifetime employment ...
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The chapter begins with a summary of the innovation process in Japanese companies, paying particular attention to several distinctive Japanese forms of organization, such as the lifetime employment system (referred to in the Japanese context as the assumption of no exit) and the importance of committed shareholders; the effects of these forms of organization on the innovation process are examined. The influence of the Japanese government on the innovation process is then analysed, and it is argued that while the ‘engine’ of innovation is located in Japanese companies, organs of the Japanese government have played an important supportive role in facilitating the innovation process. Attention is then turned to the part played by the Ministry of International Trade and Industry (MITI). While it has often been argued that MITI is the most important organ of the Japanese government in terms of impact on the process of industrial innovation, MITI's expenditure on research and development (R&D) is dwarfed by that of the Ministry of Education and the Science and Technology Agency; this paradox is explained in terms of MITI's location at the centre of a vast information processing network. Finally, attention is turned briefly to the role of universities in the Japanese Innovation System, and it is argued that although Japanese universities are often weaker than their leading counterparts in the other major industrialized countries (in terms of their contribution to frontier research), the Japanese university system nevertheless makes an important contribution to the innovation process.Less
The chapter begins with a summary of the innovation process in Japanese companies, paying particular attention to several distinctive Japanese forms of organization, such as the lifetime employment system (referred to in the Japanese context as the assumption of no exit) and the importance of committed shareholders; the effects of these forms of organization on the innovation process are examined. The influence of the Japanese government on the innovation process is then analysed, and it is argued that while the ‘engine’ of innovation is located in Japanese companies, organs of the Japanese government have played an important supportive role in facilitating the innovation process. Attention is then turned to the part played by the Ministry of International Trade and Industry (MITI). While it has often been argued that MITI is the most important organ of the Japanese government in terms of impact on the process of industrial innovation, MITI's expenditure on research and development (R&D) is dwarfed by that of the Ministry of Education and the Science and Technology Agency; this paradox is explained in terms of MITI's location at the centre of a vast information processing network. Finally, attention is turned briefly to the role of universities in the Japanese Innovation System, and it is argued that although Japanese universities are often weaker than their leading counterparts in the other major industrialized countries (in terms of their contribution to frontier research), the Japanese university system nevertheless makes an important contribution to the innovation process.
Martin Fransman
- Published in print:
- 1999
- Published Online:
- November 2003
- ISBN:
- 9780198289357
- eISBN:
- 9780191596261
- Item type:
- chapter
- Publisher:
- Oxford University Press
- DOI:
- 10.1093/0198289359.003.0007
- Subject:
- Economics and Finance, Microeconomics
The chapter begins with a brief discussion of the convergence hypothesis, which argues that there has been a convergence in the economies of the major industrialized countries in the post‐World War ...
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The chapter begins with a brief discussion of the convergence hypothesis, which argues that there has been a convergence in the economies of the major industrialized countries in the post‐World War II period. It then goes on to examine a corollary that has been derived from this hypothesis: that national technology policy has become obsolete. The globalization of the Japanese economy and science and technology system is then documented on the basis of several selected indicators, including international imitation, international strategic technology alliances, the international movement of researchers and engineers, direct foreign investment, foreign research laboratories in Japan, technology trade, and internationally co‐authored science and technology papers. The role of the Japanese government in science and technology is then considered, beginning with an account of the rationale given by the Ministry of International Trade and Industry (MITI) for its involvement in the science and technology area; this is followed by a detailed account of MITI's response to globalization, which reveals the vision that guides MITI's policy‐makers in their interventions in the field of science and technology within the context of the globalizing Japanese and world economies. The implications of the Japanese response to globalization for other large Western countries are then examined and, finally, the sources of MITI's influence in the Japanese economy are analysed.Less
The chapter begins with a brief discussion of the convergence hypothesis, which argues that there has been a convergence in the economies of the major industrialized countries in the post‐World War II period. It then goes on to examine a corollary that has been derived from this hypothesis: that national technology policy has become obsolete. The globalization of the Japanese economy and science and technology system is then documented on the basis of several selected indicators, including international imitation, international strategic technology alliances, the international movement of researchers and engineers, direct foreign investment, foreign research laboratories in Japan, technology trade, and internationally co‐authored science and technology papers. The role of the Japanese government in science and technology is then considered, beginning with an account of the rationale given by the Ministry of International Trade and Industry (MITI) for its involvement in the science and technology area; this is followed by a detailed account of MITI's response to globalization, which reveals the vision that guides MITI's policy‐makers in their interventions in the field of science and technology within the context of the globalizing Japanese and world economies. The implications of the Japanese response to globalization for other large Western countries are then examined and, finally, the sources of MITI's influence in the Japanese economy are analysed.
Martin Fransman
- Published in print:
- 1999
- Published Online:
- November 2003
- ISBN:
- 9780198289357
- eISBN:
- 9780191596261
- Item type:
- chapter
- Publisher:
- Oxford University Press
- DOI:
- 10.1093/0198289359.003.0008
- Subject:
- Economics and Finance, Microeconomics
An outline is first given of several influential views regarding the role of the Japanese government and universities in the area of biotechnology. The role of the Japanese Ministry of International ...
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An outline is first given of several influential views regarding the role of the Japanese government and universities in the area of biotechnology. The role of the Japanese Ministry of International Trade and Industry (MITI) in biotechnology is then examined in detail, focusing attention on some of the major cooperative research programmes initiated by MITI in the field of biotechnology and the outcomes of these programmes; some of the biotechnology projects undertaken under the auspices of the Science and Technology Agency (STA) are then analysed and evaluated. Questions of policy‐making and influences on this are tackled next through an examination of the relationships between business, bureaucrats, and politicians in Japan, and the role of some of the other Japanese ministries involved in biotechnology is then discussed, including conflicts between ministries that have arisen in this area. The role of Japanese universities in biotechnology is analysed, including evidence from a study on the importance of research in Japanese universities for some of the leading Japanese biotechnology companies, as well as a case study of a leading biotechnology research laboratory at Tokyo University. The next question examined, on the basis of a study of patents in biotechnology‐related pharmaceuticals, is how advanced research in biotechnology in Japan is distributed between company laboratories and universities, and whether this pattern of distribution differs from that in the major Western countries. The chapter ends with a summary of some of the main features of the Japanese system in biotechnology.Less
An outline is first given of several influential views regarding the role of the Japanese government and universities in the area of biotechnology. The role of the Japanese Ministry of International Trade and Industry (MITI) in biotechnology is then examined in detail, focusing attention on some of the major cooperative research programmes initiated by MITI in the field of biotechnology and the outcomes of these programmes; some of the biotechnology projects undertaken under the auspices of the Science and Technology Agency (STA) are then analysed and evaluated. Questions of policy‐making and influences on this are tackled next through an examination of the relationships between business, bureaucrats, and politicians in Japan, and the role of some of the other Japanese ministries involved in biotechnology is then discussed, including conflicts between ministries that have arisen in this area. The role of Japanese universities in biotechnology is analysed, including evidence from a study on the importance of research in Japanese universities for some of the leading Japanese biotechnology companies, as well as a case study of a leading biotechnology research laboratory at Tokyo University. The next question examined, on the basis of a study of patents in biotechnology‐related pharmaceuticals, is how advanced research in biotechnology in Japan is distributed between company laboratories and universities, and whether this pattern of distribution differs from that in the major Western countries. The chapter ends with a summary of some of the main features of the Japanese system in biotechnology.
Gelina Harlaftis and Carmel Vassallo (eds)
- Published in print:
- 2004
- Published Online:
- September 2018
- ISBN:
- 9780973007381
- eISBN:
- 9781786944665
- Item type:
- book
- Publisher:
- Liverpool University Press
- DOI:
- 10.5949/liverpool/9780973007381.001.0001
- Subject:
- History, Maritime History
This study seeks to correct the underrepresentation of Mediterranean maritime history in academic publications, in attempt to understand the multi-cultural and multi-ethnic environment in which ...
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This study seeks to correct the underrepresentation of Mediterranean maritime history in academic publications, in attempt to understand the multi-cultural and multi-ethnic environment in which maritime activity takes place, by compiling ten essays from maritime historians concerning Spain, France, Italy, Malta, Slovenia, Greece, Turkey, and Israel. The aim of the collection is to provide an insight into Mediterranean maritime history to those who could not previously access such information due to language barriers or difficulty securing non-English publications; some of the essays have translated into English specifically for this publication. The majority of the essays concern the Early Modern period, and the remainder concern the contemporary.Less
This study seeks to correct the underrepresentation of Mediterranean maritime history in academic publications, in attempt to understand the multi-cultural and multi-ethnic environment in which maritime activity takes place, by compiling ten essays from maritime historians concerning Spain, France, Italy, Malta, Slovenia, Greece, Turkey, and Israel. The aim of the collection is to provide an insight into Mediterranean maritime history to those who could not previously access such information due to language barriers or difficulty securing non-English publications; some of the essays have translated into English specifically for this publication. The majority of the essays concern the Early Modern period, and the remainder concern the contemporary.
Sean O'Connell
- Published in print:
- 2009
- Published Online:
- January 2009
- ISBN:
- 9780199263318
- eISBN:
- 9780191718793
- Item type:
- chapter
- Publisher:
- Oxford University Press
- DOI:
- 10.1093/acprof:oso/9780199263318.003.0009
- Subject:
- History, British and Irish Modern History
This chapter rejects the notion that low-income consumers were feckless. Such statements emanated from a model of the rational middle-class consumer and frequently made little sense in the context of ...
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This chapter rejects the notion that low-income consumers were feckless. Such statements emanated from a model of the rational middle-class consumer and frequently made little sense in the context of the choices available to the working-classes. The extent to which low-income consumers demonstrated agency is highlighted. It is noted that the operational model of Victorian tallymen continues to work for modern doorstep moneylenders. This is despite recent accusations, by the New Economics Foundation, that their business was amongst the worst excesses of the free market. However, the Department and Trade and Industry concluded that their existence limited the scale of the illegal sector, which is much larger in France and Germany (where interest rate ceilings have prevented the development of a legal sub-prime sector). Different European approaches to sub-prime lending are discussed, as is the possibility of an effective not for profit mutual engagement with low-income borrowers.Less
This chapter rejects the notion that low-income consumers were feckless. Such statements emanated from a model of the rational middle-class consumer and frequently made little sense in the context of the choices available to the working-classes. The extent to which low-income consumers demonstrated agency is highlighted. It is noted that the operational model of Victorian tallymen continues to work for modern doorstep moneylenders. This is despite recent accusations, by the New Economics Foundation, that their business was amongst the worst excesses of the free market. However, the Department and Trade and Industry concluded that their existence limited the scale of the illegal sector, which is much larger in France and Germany (where interest rate ceilings have prevented the development of a legal sub-prime sector). Different European approaches to sub-prime lending are discussed, as is the possibility of an effective not for profit mutual engagement with low-income borrowers.
P. J. Cain
- Published in print:
- 2002
- Published Online:
- January 2010
- ISBN:
- 9780198203902
- eISBN:
- 9780191719141
- Item type:
- chapter
- Publisher:
- Oxford University Press
- DOI:
- 10.1093/acprof:oso/9780198203902.003.0002
- Subject:
- History, British and Irish Modern History
This chapter demonstrates that Hobson's radicalism was not inherited, but something he had to learn after he came to London in the mid-1880s and began writing ‘A London Letter’ for his father's ...
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This chapter demonstrates that Hobson's radicalism was not inherited, but something he had to learn after he came to London in the mid-1880s and began writing ‘A London Letter’ for his father's newspaper in Derby. During this period, he wrote his books, The Physiology of Industry and Evolution of Modern Capitalism. The chapter also investigates the links between Hobson's New Liberal stance and traditional radical thinking from Paine onwards, with special reference to the way that he developed the concept of unearned income as handed down from John Stuart Mill. His famous doctrines of underconsumption and oversaving were directly linked to his concern with the ‘unearned increment’, a concern that reached its climax in the Edwardian period with his most elaborate statement of the concept of surplus in the Industrial System.Less
This chapter demonstrates that Hobson's radicalism was not inherited, but something he had to learn after he came to London in the mid-1880s and began writing ‘A London Letter’ for his father's newspaper in Derby. During this period, he wrote his books, The Physiology of Industry and Evolution of Modern Capitalism. The chapter also investigates the links between Hobson's New Liberal stance and traditional radical thinking from Paine onwards, with special reference to the way that he developed the concept of unearned income as handed down from John Stuart Mill. His famous doctrines of underconsumption and oversaving were directly linked to his concern with the ‘unearned increment’, a concern that reached its climax in the Edwardian period with his most elaborate statement of the concept of surplus in the Industrial System.
Jonathan A. Knee
- Published in print:
- 2016
- Published Online:
- January 2019
- ISBN:
- 9780231179287
- eISBN:
- 9780231543330
- Item type:
- book
- Publisher:
- Columbia University Press
- DOI:
- 10.7312/columbia/9780231179287.001.0001
- Subject:
- Business and Management, Corporate Governance and Accountability
The past thirty years have seen dozens of otherwise successful investors try to improve education through the application of market principles. They have funneled billions of dollars into alternative ...
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The past thirty years have seen dozens of otherwise successful investors try to improve education through the application of market principles. They have funneled billions of dollars into alternative schools, online education, and textbook publishing, and they have, with surprising regularity, lost their shirts. In Class Clowns, professor and investment banker Jonathan A. Knee dissects what drives investors' efforts to improve education and why they consistently fail. Knee takes readers inside four spectacular financial failures in education: Rupert Murdoch's billion-dollar effort to reshape elementary education through technology; the unhappy investors—including hedge fund titan John Paulson—who lost billions in textbook publisher Houghton Mifflin; the abandonment of Knowledge Universe, Michael Milken's twenty-year mission to revolutionize the global education industry; and a look at Chris Whittle, founder of EdisonLearning and a pioneer of large-scale transformational educational ventures, who continues to attract investment despite decades of financial and operational disappointment. Although deep belief in the curative powers of the market drove these initiatives, it was the investors' failure to appreciate market structure that doomed them. Knee asks: What makes a good education business? By contrasting rare successes, he finds a dozen broad lessons at the heart of these cautionary case studies. Class Clowns offers an important guide for public policy makers and guardrails for future investors, as well as an intelligent exposé for activists and teachers frustrated with the repeated underperformance of these attempts to shake up education.Less
The past thirty years have seen dozens of otherwise successful investors try to improve education through the application of market principles. They have funneled billions of dollars into alternative schools, online education, and textbook publishing, and they have, with surprising regularity, lost their shirts. In Class Clowns, professor and investment banker Jonathan A. Knee dissects what drives investors' efforts to improve education and why they consistently fail. Knee takes readers inside four spectacular financial failures in education: Rupert Murdoch's billion-dollar effort to reshape elementary education through technology; the unhappy investors—including hedge fund titan John Paulson—who lost billions in textbook publisher Houghton Mifflin; the abandonment of Knowledge Universe, Michael Milken's twenty-year mission to revolutionize the global education industry; and a look at Chris Whittle, founder of EdisonLearning and a pioneer of large-scale transformational educational ventures, who continues to attract investment despite decades of financial and operational disappointment. Although deep belief in the curative powers of the market drove these initiatives, it was the investors' failure to appreciate market structure that doomed them. Knee asks: What makes a good education business? By contrasting rare successes, he finds a dozen broad lessons at the heart of these cautionary case studies. Class Clowns offers an important guide for public policy makers and guardrails for future investors, as well as an intelligent exposé for activists and teachers frustrated with the repeated underperformance of these attempts to shake up education.
Ranald C. Michie
- Published in print:
- 2001
- Published Online:
- November 2003
- ISBN:
- 9780199242559
- eISBN:
- 9780191596643
- Item type:
- chapter
- Publisher:
- Oxford University Press
- DOI:
- 10.1093/0199242550.003.0012
- Subject:
- Economics and Finance, Economic History, Financial Economics
The first section of this chapter outlines the growing threats to the London Stock Exchange through the 1970s, including the ability of its members to block new proposals by the Council of the Stock ...
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The first section of this chapter outlines the growing threats to the London Stock Exchange through the 1970s, including the ability of its members to block new proposals by the Council of the Stock Exchange, the investigation by the Monopolies Commission into the various restrictive practices of the Stock Exchange, relations with and attitude of the government, the formation of the Council of the Securities Industry (CSI), which was to take over responsibility for the Stock Exchange and other components of the securities market. The second section of the chapter discusses the limited responses of the Stock Exchange to these threats. The next two sections discuss technology and competition (from computerized trading systems), and change among the members (mergers, which resulted in a disproportionately large number of large firms as members, and a loss in numbers of jobbers). The last section looks at market opportunities––domestic corporate securities, government debt securities, loss of the foreign securities, traded options, the collapse of the securities market in 1974, and the by‐now limited role of the money market.Less
The first section of this chapter outlines the growing threats to the London Stock Exchange through the 1970s, including the ability of its members to block new proposals by the Council of the Stock Exchange, the investigation by the Monopolies Commission into the various restrictive practices of the Stock Exchange, relations with and attitude of the government, the formation of the Council of the Securities Industry (CSI), which was to take over responsibility for the Stock Exchange and other components of the securities market. The second section of the chapter discusses the limited responses of the Stock Exchange to these threats. The next two sections discuss technology and competition (from computerized trading systems), and change among the members (mergers, which resulted in a disproportionately large number of large firms as members, and a loss in numbers of jobbers). The last section looks at market opportunities––domestic corporate securities, government debt securities, loss of the foreign securities, traded options, the collapse of the securities market in 1974, and the by‐now limited role of the money market.
Daniel Ritschel
- Published in print:
- 1997
- Published Online:
- October 2011
- ISBN:
- 9780198206477
- eISBN:
- 9780191677151
- Item type:
- chapter
- Publisher:
- Oxford University Press
- DOI:
- 10.1093/acprof:oso/9780198206477.003.0006
- Subject:
- History, British and Irish Modern History, Economic History
This chapter examines the Self-Government for Industry Bill, which intended to establish in Britain a variant of a corporatist economy, composed of functionally organized industrial corporations and ...
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This chapter examines the Self-Government for Industry Bill, which intended to establish in Britain a variant of a corporatist economy, composed of functionally organized industrial corporations and headed by a representative ‘Parliament of Industry’, free of either public controls or the restraints of the competitive market system. It explains that the Bill, sponsored by PEP and the Industrial Reorganisation League and supported by Conservative back-benchers and influential sections of the business community, was seriously considered by both the Federation of British Industries and the National government. It notes that the campaign represents the climax of the idea of ‘capitalist planning’ and certainly a most radical attempt to remodel the economy along the lines of a corporatist plan.Less
This chapter examines the Self-Government for Industry Bill, which intended to establish in Britain a variant of a corporatist economy, composed of functionally organized industrial corporations and headed by a representative ‘Parliament of Industry’, free of either public controls or the restraints of the competitive market system. It explains that the Bill, sponsored by PEP and the Industrial Reorganisation League and supported by Conservative back-benchers and influential sections of the business community, was seriously considered by both the Federation of British Industries and the National government. It notes that the campaign represents the climax of the idea of ‘capitalist planning’ and certainly a most radical attempt to remodel the economy along the lines of a corporatist plan.
Richard Coopey and Donald Clarke
- Published in print:
- 1995
- Published Online:
- October 2011
- ISBN:
- 9780198289449
- eISBN:
- 9780191684708
- Item type:
- book
- Publisher:
- Oxford University Press
- DOI:
- 10.1093/acprof:oso/9780198289449.001.0001
- Subject:
- Business and Management, Business History
3i (Investors in Industry, and formerly the Industrial and Commercial Finance Corporation, etc.) is Britain's leading venture capital company. Founded in 1945 as a result of a combination of ...
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3i (Investors in Industry, and formerly the Industrial and Commercial Finance Corporation, etc.) is Britain's leading venture capital company. Founded in 1945 as a result of a combination of pressures and counter-pressures from political parties, Whitehall, the Bank of England, and the clearing banks, the organization has played a significant role in post-war investment banking and industrial development. The first part of the book traces 3i's history, from the early years of post-war reconstruction and the role played by Piercy and Kinross, through the years of consolidation, to the higher-profile years of the change of name and style and the 1994 flotation. The second part offers an inside view of the workings of this unique institution — the controllers, 3i's role in developing MBOs, methods of assessing risk and return, its relationship with capital markets, etc. During its first fifty years 3i has invested in numerous well known and successful companies — many of these are detailed in the text (such as British Caledonian, Oxford Instruments, Laura Ashley, etc.).Less
3i (Investors in Industry, and formerly the Industrial and Commercial Finance Corporation, etc.) is Britain's leading venture capital company. Founded in 1945 as a result of a combination of pressures and counter-pressures from political parties, Whitehall, the Bank of England, and the clearing banks, the organization has played a significant role in post-war investment banking and industrial development. The first part of the book traces 3i's history, from the early years of post-war reconstruction and the role played by Piercy and Kinross, through the years of consolidation, to the higher-profile years of the change of name and style and the 1994 flotation. The second part offers an inside view of the workings of this unique institution — the controllers, 3i's role in developing MBOs, methods of assessing risk and return, its relationship with capital markets, etc. During its first fifty years 3i has invested in numerous well known and successful companies — many of these are detailed in the text (such as British Caledonian, Oxford Instruments, Laura Ashley, etc.).
Don Paterson
- Published in print:
- 2012
- Published Online:
- September 2012
- ISBN:
- 9780199657001
- eISBN:
- 9780191742194
- Item type:
- chapter
- Publisher:
- Oxford University Press
- DOI:
- 10.1093/acprof:oso/9780199657001.003.0012
- Subject:
- Literature, Poetry, 20th-century and Contemporary Literature
This chapter examines how Don Paterson's addresses scrutinize poetry's structuring in the British poetry industry. Speaking to a range of money-minded historical and modern yous, Paterson tests out ...
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This chapter examines how Don Paterson's addresses scrutinize poetry's structuring in the British poetry industry. Speaking to a range of money-minded historical and modern yous, Paterson tests out the relationships between art and commerce; literary invention, dissemination, and reception. This is work that returns to, circles round, and brings into contact the compromised politics of negotiating one's writerly status in public—in Ancient Greek and Roman court culture, in the violent addresses of the medieval Arabic patron system, and in the contemporary poetry industry. Poetry and money emerge as conversational partners. Writing addresses ‘to those undecided shades in Waterstones, / trapped between the promise and the cost’, Paterson asks gentle readers and still gentler purchasers to ‘shake yourself awake, and please stay patient’. Ensuring readers cannot forget their own hand in ascribing value to the poem, you are reminded how taste is negotiated with ‘live’ readerships, critics, publishers, prize-givers, and academicsLess
This chapter examines how Don Paterson's addresses scrutinize poetry's structuring in the British poetry industry. Speaking to a range of money-minded historical and modern yous, Paterson tests out the relationships between art and commerce; literary invention, dissemination, and reception. This is work that returns to, circles round, and brings into contact the compromised politics of negotiating one's writerly status in public—in Ancient Greek and Roman court culture, in the violent addresses of the medieval Arabic patron system, and in the contemporary poetry industry. Poetry and money emerge as conversational partners. Writing addresses ‘to those undecided shades in Waterstones, / trapped between the promise and the cost’, Paterson asks gentle readers and still gentler purchasers to ‘shake yourself awake, and please stay patient’. Ensuring readers cannot forget their own hand in ascribing value to the poem, you are reminded how taste is negotiated with ‘live’ readerships, critics, publishers, prize-givers, and academics
Leslie Berlin
- Published in print:
- 2005
- Published Online:
- September 2007
- ISBN:
- 9780195163438
- eISBN:
- 9780199788569
- Item type:
- chapter
- Publisher:
- Oxford University Press
- DOI:
- 10.1093/acprof:oso/9780195163438.003.0012
- Subject:
- History, History of Science, Technology, and Medicine
This chapter recounts the end of the Intel-centered phase of Noyce's career and the start of his new one in the service of the American semiconductor industry. In the late 1970s, Japanese ...
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This chapter recounts the end of the Intel-centered phase of Noyce's career and the start of his new one in the service of the American semiconductor industry. In the late 1970s, Japanese semiconductor firms began selling chips that were less expensive and at least as high-quality as American devices. By 1979, 35% of the next generation (16K) chip were supplied by Japanese firms, and three years later, the Japanese share of the DRAM market surpassed that of the United States. Noyce began lobbying for economic vitality, fair play, and national security that the Semiconductor industry Association had identified as key to building support for their goals of opening the Japanese market and stopping chip dumping.Less
This chapter recounts the end of the Intel-centered phase of Noyce's career and the start of his new one in the service of the American semiconductor industry. In the late 1970s, Japanese semiconductor firms began selling chips that were less expensive and at least as high-quality as American devices. By 1979, 35% of the next generation (16K) chip were supplied by Japanese firms, and three years later, the Japanese share of the DRAM market surpassed that of the United States. Noyce began lobbying for economic vitality, fair play, and national security that the Semiconductor industry Association had identified as key to building support for their goals of opening the Japanese market and stopping chip dumping.
Leslie Berlin
- Published in print:
- 2005
- Published Online:
- September 2007
- ISBN:
- 9780195163438
- eISBN:
- 9780199788569
- Item type:
- chapter
- Publisher:
- Oxford University Press
- DOI:
- 10.1093/acprof:oso/9780195163438.003.0013
- Subject:
- History, History of Science, Technology, and Medicine
This chapter recounts Noyce's decision to take a break from his retirement to run SEMATECH, a semiconductor manufacturing consortium supported by the Semiconductor Industry Association (SIA). Noyce ...
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This chapter recounts Noyce's decision to take a break from his retirement to run SEMATECH, a semiconductor manufacturing consortium supported by the Semiconductor Industry Association (SIA). Noyce expected his work at SEMATECH to resemble the work he had done at Intel. He said that he would be “Mr. Outside”, offering testimony in Washington and speaking around the country about the importance of SEMATECH and its mission. However, he soon realized that there were too many problems within the organization for him to focus exclusively on outside relations.Less
This chapter recounts Noyce's decision to take a break from his retirement to run SEMATECH, a semiconductor manufacturing consortium supported by the Semiconductor Industry Association (SIA). Noyce expected his work at SEMATECH to resemble the work he had done at Intel. He said that he would be “Mr. Outside”, offering testimony in Washington and speaking around the country about the importance of SEMATECH and its mission. However, he soon realized that there were too many problems within the organization for him to focus exclusively on outside relations.
Katy Layton-Jones
- Published in print:
- 2016
- Published Online:
- May 2016
- ISBN:
- 9780719099694
- eISBN:
- 9781526104038
- Item type:
- book
- Publisher:
- Manchester University Press
- DOI:
- 10.7228/manchester/9780719099694.001.0001
- Subject:
- History, British and Irish Modern History
Drawing on images that shaped the popular perception of British towns between 1780 and 1880, Beyond the Metropolis challenges enduring misconceptions about urbanization, its representation, and ...
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Drawing on images that shaped the popular perception of British towns between 1780 and 1880, Beyond the Metropolis challenges enduring misconceptions about urbanization, its representation, and interpretation throughout the long nineteenth century. Over the past century, historical reality has merged seamlessly with mythology, literature, and caricature, to create a dramatic, but utterly misleading representation of our urban past. Dark satanic mills, cobbled streets, and cholera have become common shorthand for the nineteenth-century British town. Yet, there is little to suggest that the Urban Renaissance identified by Peter Borsay ended in 1770, or that every town in Britain experienced the same topographical consequences of expansion. Using engaging and diverse evidence, including souvenirs, pocket panoramas, and ceramics, this book investigates the relationship between pictorial convention, visual innovation, and urban identity. In contrast to myriad publications that address London exclusively, it examines images that reflect the growing political, social, and cultural significance of British provincial towns in the wake of the Industrial Revolution. Covering locations from Bristol to Leeds, Glasgow to Birmingham, and Manchester to Swansea, it reveals a complex and compelling new narrative of British urbanisation. Subjects that currently enjoy the attention of historians, planners, and politicians alike, including public space, popular protest, civic identity, and residential development, are approached from unfamiliar vantage points provided by hitherto under-researched sources. The result is a timely and persuasive re-evaluation of the British city, its changing form, representation, and impact.Less
Drawing on images that shaped the popular perception of British towns between 1780 and 1880, Beyond the Metropolis challenges enduring misconceptions about urbanization, its representation, and interpretation throughout the long nineteenth century. Over the past century, historical reality has merged seamlessly with mythology, literature, and caricature, to create a dramatic, but utterly misleading representation of our urban past. Dark satanic mills, cobbled streets, and cholera have become common shorthand for the nineteenth-century British town. Yet, there is little to suggest that the Urban Renaissance identified by Peter Borsay ended in 1770, or that every town in Britain experienced the same topographical consequences of expansion. Using engaging and diverse evidence, including souvenirs, pocket panoramas, and ceramics, this book investigates the relationship between pictorial convention, visual innovation, and urban identity. In contrast to myriad publications that address London exclusively, it examines images that reflect the growing political, social, and cultural significance of British provincial towns in the wake of the Industrial Revolution. Covering locations from Bristol to Leeds, Glasgow to Birmingham, and Manchester to Swansea, it reveals a complex and compelling new narrative of British urbanisation. Subjects that currently enjoy the attention of historians, planners, and politicians alike, including public space, popular protest, civic identity, and residential development, are approached from unfamiliar vantage points provided by hitherto under-researched sources. The result is a timely and persuasive re-evaluation of the British city, its changing form, representation, and impact.
