Mike Barry
- Published in print:
- 2013
- Published Online:
- January 2014
- ISBN:
- 9780197265536
- eISBN:
- 9780191760327
- Item type:
- chapter
- Publisher:
- British Academy
- DOI:
- 10.5871/bacad/9780197265536.003.0018
- Subject:
- Political Science, Environmental Politics
We are reaching a time when several underlying assumptions about good business practice are becoming undermined. The environment is not tolerant, governments will not back up forever, and customers ...
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We are reaching a time when several underlying assumptions about good business practice are becoming undermined. The environment is not tolerant, governments will not back up forever, and customers and citizens are merging. There will be no spare publicly financed money to bail out our environmental damage and social decay. Businesses will have to take their share of these responsibilities and create their sustainability accounts accordingly. Consumers will be more selective, regulation will tighten, and the more farsighted businesses will survive.Less
We are reaching a time when several underlying assumptions about good business practice are becoming undermined. The environment is not tolerant, governments will not back up forever, and customers and citizens are merging. There will be no spare publicly financed money to bail out our environmental damage and social decay. Businesses will have to take their share of these responsibilities and create their sustainability accounts accordingly. Consumers will be more selective, regulation will tighten, and the more farsighted businesses will survive.
Phillippe Aghion and Abhijit Banerjee
- Published in print:
- 2005
- Published Online:
- January 2007
- ISBN:
- 9780199248612
- eISBN:
- 9780191714719
- Item type:
- chapter
- Publisher:
- Oxford University Press
- DOI:
- 10.1093/acprof:oso/9780199248612.003.0001
- Subject:
- Economics and Finance, Development, Growth, and Environmental
This introductory chapter begins with a brief discussion of the authors’ dissatisfaction with other economists’ positions regarding the instability of capitalist economies. The development of a model ...
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This introductory chapter begins with a brief discussion of the authors’ dissatisfaction with other economists’ positions regarding the instability of capitalist economies. The development of a model of the aggregate economy is described. An overview of the chapters included in this volume is presented.Less
This introductory chapter begins with a brief discussion of the authors’ dissatisfaction with other economists’ positions regarding the instability of capitalist economies. The development of a model of the aggregate economy is described. An overview of the chapters included in this volume is presented.
Keith Clarke
- Published in print:
- 2013
- Published Online:
- January 2014
- ISBN:
- 9780197265536
- eISBN:
- 9780191760327
- Item type:
- chapter
- Publisher:
- British Academy
- DOI:
- 10.5871/bacad/9780197265536.003.0014
- Subject:
- Political Science, Environmental Politics
When running a global company of 10,000 employees who have to be kept in work, in markets which are unforgiving for the long term, tipping points have to be placed in context. Yet convulsions are ...
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When running a global company of 10,000 employees who have to be kept in work, in markets which are unforgiving for the long term, tipping points have to be placed in context. Yet convulsions are becoming more extreme, violent, and unpredictable. This is not conducive for promoting sustainable business practice. Any successful adaptation will require sound regulation based on excellent academia and civil society guidance working within companies so that everyone learns and acts accordingly.Less
When running a global company of 10,000 employees who have to be kept in work, in markets which are unforgiving for the long term, tipping points have to be placed in context. Yet convulsions are becoming more extreme, violent, and unpredictable. This is not conducive for promoting sustainable business practice. Any successful adaptation will require sound regulation based on excellent academia and civil society guidance working within companies so that everyone learns and acts accordingly.
Thomas Lingard
- Published in print:
- 2013
- Published Online:
- January 2014
- ISBN:
- 9780197265536
- eISBN:
- 9780191760327
- Item type:
- chapter
- Publisher:
- British Academy
- DOI:
- 10.5871/bacad/9780197265536.003.0017
- Subject:
- Political Science, Environmental Politics
Tipping points got us into the current mess and tipping points have to get us out if it. Businesses can respond to proxy versions of tipping points and have to listen to their customers. Dealing with ...
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Tipping points got us into the current mess and tipping points have to get us out if it. Businesses can respond to proxy versions of tipping points and have to listen to their customers. Dealing with an uncertain future which is not at all like the past requires new forms of leadership and explanation to employees and customers. These conditions are not presently available. Yet the forces of weak governance (especially at the international level), perverse incentives, and excessively powerful lobbies make the onset of tipping points more likely than their more benign transformation. Tough regulatory intervention, new forms of social media communication and pressure, and courageous leadership have to emerge.Less
Tipping points got us into the current mess and tipping points have to get us out if it. Businesses can respond to proxy versions of tipping points and have to listen to their customers. Dealing with an uncertain future which is not at all like the past requires new forms of leadership and explanation to employees and customers. These conditions are not presently available. Yet the forces of weak governance (especially at the international level), perverse incentives, and excessively powerful lobbies make the onset of tipping points more likely than their more benign transformation. Tough regulatory intervention, new forms of social media communication and pressure, and courageous leadership have to emerge.
Claudio Ciborra
- Published in print:
- 2004
- Published Online:
- September 2007
- ISBN:
- 9780199275267
- eISBN:
- 9780191714399
- Item type:
- book
- Publisher:
- Oxford University Press
- DOI:
- 10.1093/acprof:oso/9780199275267.001.0001
- Subject:
- Business and Management, Information Technology
The use of information and communication technologies (ICT) in organizations and the management of their impact has been the traditional domain of computer specialists and management consultants. The ...
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The use of information and communication technologies (ICT) in organizations and the management of their impact has been the traditional domain of computer specialists and management consultants. The former have offered multiple ways to represent, model, and build applications that streamline and accelerate data flows, while the latter have been busy linking the deployment of ICTs with strategy and the redesign of business processes. This book takes quite a different approach altogether. It uses a string of metaphors, such as Bricolage, Krisis, Gestell, etc., to place a concern for human existence and our working lives at the centre of the study of ICTs and their diffusion in business organizations, and looks at our practices, improvisations, and moods. It draws upon the author's own extensive research and consulting experience to throw a fresh light on some key questions: why are systems ambiguous? Why do they not give us more time to do things? Is there strategic value in tinkering even in high-tech settings? What is the value of age-old practices in dealing with new technologies? What is the role of moods and affections in influencing action and cognition? The book presents an alternative to the current approaches in management, software-engineering, and strategy.Less
The use of information and communication technologies (ICT) in organizations and the management of their impact has been the traditional domain of computer specialists and management consultants. The former have offered multiple ways to represent, model, and build applications that streamline and accelerate data flows, while the latter have been busy linking the deployment of ICTs with strategy and the redesign of business processes. This book takes quite a different approach altogether. It uses a string of metaphors, such as Bricolage, Krisis, Gestell, etc., to place a concern for human existence and our working lives at the centre of the study of ICTs and their diffusion in business organizations, and looks at our practices, improvisations, and moods. It draws upon the author's own extensive research and consulting experience to throw a fresh light on some key questions: why are systems ambiguous? Why do they not give us more time to do things? Is there strategic value in tinkering even in high-tech settings? What is the value of age-old practices in dealing with new technologies? What is the role of moods and affections in influencing action and cognition? The book presents an alternative to the current approaches in management, software-engineering, and strategy.
Luther Tai
- Published in print:
- 2007
- Published Online:
- September 2007
- ISBN:
- 9780195311310
- eISBN:
- 9780199789948
- Item type:
- book
- Publisher:
- Oxford University Press
- DOI:
- 10.1093/acprof:oso/9780195311310.001.0001
- Subject:
- Business and Management, HRM / IR
This book examines how corporate e-learning is developed, implemented and how effectiveness is determined at IBM. It addresses the following questions: Why e-learning? How is e-learning developed? ...
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This book examines how corporate e-learning is developed, implemented and how effectiveness is determined at IBM. It addresses the following questions: Why e-learning? How is e-learning developed? How is e-learning implemented? How is e-learning effectiveness determined? What are the lessons learned? E-learning is a tool to be used along with other means of learning. It is used when it is the best way to learn for a particular application. It is a way to save costly face-to-face time for optimal use. There is no one size that fits all. IBM is an early adopter in use of e-learning for training its global workforce. IBM, like other corporations, has its own unique e-learning solutions. Strategic vision, clear business objectives, well defined learning organization, strong leadership, corporate support, prudent use of e-learning, quality of content, ease of access, interoperability, accountability of learners and instructors, and a well defined measurement system all matter. Successful integration of these ingredients is essential for effective e-learning. Ignoring any of these key ingredients can lead to failure. IBM has its own rationale and approach to using e-learning. It has its growing pains. Experience in e-learning at IBM provides a unique context for leveraging e-learning to train employees. IBM has been successful in using e-learning in the context of their business objectives and business environments. IBM's experience and lessons learned should serve as an important guide to those who are implementing e-learning.Less
This book examines how corporate e-learning is developed, implemented and how effectiveness is determined at IBM. It addresses the following questions: Why e-learning? How is e-learning developed? How is e-learning implemented? How is e-learning effectiveness determined? What are the lessons learned? E-learning is a tool to be used along with other means of learning. It is used when it is the best way to learn for a particular application. It is a way to save costly face-to-face time for optimal use. There is no one size that fits all. IBM is an early adopter in use of e-learning for training its global workforce. IBM, like other corporations, has its own unique e-learning solutions. Strategic vision, clear business objectives, well defined learning organization, strong leadership, corporate support, prudent use of e-learning, quality of content, ease of access, interoperability, accountability of learners and instructors, and a well defined measurement system all matter. Successful integration of these ingredients is essential for effective e-learning. Ignoring any of these key ingredients can lead to failure. IBM has its own rationale and approach to using e-learning. It has its growing pains. Experience in e-learning at IBM provides a unique context for leveraging e-learning to train employees. IBM has been successful in using e-learning in the context of their business objectives and business environments. IBM's experience and lessons learned should serve as an important guide to those who are implementing e-learning.
George Cheney, Dan Lair, Dean Ritz, and Brenden Kendall
- Published in print:
- 2009
- Published Online:
- February 2010
- ISBN:
- 9780195182774
- eISBN:
- 9780199871001
- Item type:
- book
- Publisher:
- Oxford University Press
- DOI:
- 10.1093/acprof:oso/9780195182774.001.0001
- Subject:
- Business and Management, Corporate Governance and Accountability
This book offers a fresh perspective on ethics at work, questioning the notions that doing ethics at work has to be work, and that work is somehow a sphere where a different set of rules applies. ...
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This book offers a fresh perspective on ethics at work, questioning the notions that doing ethics at work has to be work, and that work is somehow a sphere where a different set of rules applies. When we separate ethics from life, we put it beyond our daily reach, treating it as something that is meaningful only at certain moments. This problem permeates our everyday talk about ethics at work, in popular culture, in our textbooks, and even in our ethics codes. This book uses insights from the fields of communications and rhetoric to show how in the very framing of ethics—even before we get to specific decisions—we limit the potential roles of ethics in our work lives and in the pursuit of happiness. Sayings such as “It's just a job” and “Let the market decide” are two examples of demonstrating that our perspective on professional ethics is shaped and reinforced by everyday language. The standard “bad apples” approach to dealing with corporate and governmental wrongdoing is not surprising; few people are willing to consider how to cultivate “the good orchard.” The book argues that ethics is about more than behaviour regulation, spectacular scandals, and comprehensive codes. The authors offer a new take on virtue ethics, referencing Aristotle's practical ideal of eudaimonia, or flourishing, allowing us to tell new stories about the ordinary and to see the extraordinary aspects of professional integrity and success.Less
This book offers a fresh perspective on ethics at work, questioning the notions that doing ethics at work has to be work, and that work is somehow a sphere where a different set of rules applies. When we separate ethics from life, we put it beyond our daily reach, treating it as something that is meaningful only at certain moments. This problem permeates our everyday talk about ethics at work, in popular culture, in our textbooks, and even in our ethics codes. This book uses insights from the fields of communications and rhetoric to show how in the very framing of ethics—even before we get to specific decisions—we limit the potential roles of ethics in our work lives and in the pursuit of happiness. Sayings such as “It's just a job” and “Let the market decide” are two examples of demonstrating that our perspective on professional ethics is shaped and reinforced by everyday language. The standard “bad apples” approach to dealing with corporate and governmental wrongdoing is not surprising; few people are willing to consider how to cultivate “the good orchard.” The book argues that ethics is about more than behaviour regulation, spectacular scandals, and comprehensive codes. The authors offer a new take on virtue ethics, referencing Aristotle's practical ideal of eudaimonia, or flourishing, allowing us to tell new stories about the ordinary and to see the extraordinary aspects of professional integrity and success.
Steven A. Bank
- Published in print:
- 2010
- Published Online:
- May 2010
- ISBN:
- 9780195326192
- eISBN:
- 9780199775811
- Item type:
- book
- Publisher:
- Oxford University Press
- DOI:
- 10.1093/acprof:oso/9780195326192.001.0001
- Subject:
- Law, Legal History
The U.S. corporate income tax — and in particular the double taxation of corporate income — has long been one of the most criticized and stubbornly persistent aspects of the federal revenue system. ...
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The U.S. corporate income tax — and in particular the double taxation of corporate income — has long been one of the most criticized and stubbornly persistent aspects of the federal revenue system. Unlike in most other industrialized countries, corporate income is taxed twice, first at the entity level and again at the shareholder level when distributed as a dividend. The conventional wisdom has been that this double taxation was part of the system's original design over a century ago and has survived despite withering opposition from business interests. In both cases, history tells another tale. Double taxation as it is known today did not appear until several decades after the corporate income tax was first adopted. Moreover, it was embraced by corporate representatives at the outset and in subsequent years businesses have been far more ambivalent about its existence than is popularly assumed. From Sword to Shield: The Transformation of the Corporate Income Tax, 1861 to Present is the first historical account of the evolution of the corporate income tax in America. It explains the origins of corporate income tax and the political, economic, and social forces that transformed it from a sword against evasion of the individual income tax to a shield against government and shareholder interference with the management of corporate funds.Less
The U.S. corporate income tax — and in particular the double taxation of corporate income — has long been one of the most criticized and stubbornly persistent aspects of the federal revenue system. Unlike in most other industrialized countries, corporate income is taxed twice, first at the entity level and again at the shareholder level when distributed as a dividend. The conventional wisdom has been that this double taxation was part of the system's original design over a century ago and has survived despite withering opposition from business interests. In both cases, history tells another tale. Double taxation as it is known today did not appear until several decades after the corporate income tax was first adopted. Moreover, it was embraced by corporate representatives at the outset and in subsequent years businesses have been far more ambivalent about its existence than is popularly assumed. From Sword to Shield: The Transformation of the Corporate Income Tax, 1861 to Present is the first historical account of the evolution of the corporate income tax in America. It explains the origins of corporate income tax and the political, economic, and social forces that transformed it from a sword against evasion of the individual income tax to a shield against government and shareholder interference with the management of corporate funds.
Roger W. Shuy
- Published in print:
- 2005
- Published Online:
- September 2007
- ISBN:
- 9780195181661
- eISBN:
- 9780199788477
- Item type:
- book
- Publisher:
- Oxford University Press
- DOI:
- 10.1093/acprof:oso/9780195181661.001.0001
- Subject:
- Linguistics, Sociolinguistics / Anthropological Linguistics
This book describes and illustrates eleven powerful conversational strategies used by undercover police officers and cooperating witnesses who secretly tape-record targets in criminal investigations. ...
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This book describes and illustrates eleven powerful conversational strategies used by undercover police officers and cooperating witnesses who secretly tape-record targets in criminal investigations. Twelve actual criminal case studies are used as examples. These strategies creating illusion of guilt include the apparently deliberate use of semantic ambiguity, blocking the targets’ words (by creating static on the tape, interrupting them, speaking on their behalf, and manipulating the off/on switch); rapidly changing the subject before targets can respond (the “hit and run” strategy); contaminating the tape with irrelevant information that can make targets appear to be guilty; camouflaging illegality by making actions appear to be legal; isolating targets from important information that they need in order to make informed choices; inaccurately restating things the target has said; withholding crucial information from targets; lying to targets about critical information; and scripting targets in what to say on tape. These conversational strategies gain power from the fact that the targets do not know that they are being recorded, and often let things go right by them during the discourse. Nor do they know that the real audience of the conversations consists of later jury listeners, who do not know the full context of these conversations. Unlike everyday, unrecorded conversation, the most critical listening takes place at a future time and under very different circumstances. It is shown that undercover officers and their cooperating witnesses make use of essentially the same conversational strategies.Less
This book describes and illustrates eleven powerful conversational strategies used by undercover police officers and cooperating witnesses who secretly tape-record targets in criminal investigations. Twelve actual criminal case studies are used as examples. These strategies creating illusion of guilt include the apparently deliberate use of semantic ambiguity, blocking the targets’ words (by creating static on the tape, interrupting them, speaking on their behalf, and manipulating the off/on switch); rapidly changing the subject before targets can respond (the “hit and run” strategy); contaminating the tape with irrelevant information that can make targets appear to be guilty; camouflaging illegality by making actions appear to be legal; isolating targets from important information that they need in order to make informed choices; inaccurately restating things the target has said; withholding crucial information from targets; lying to targets about critical information; and scripting targets in what to say on tape. These conversational strategies gain power from the fact that the targets do not know that they are being recorded, and often let things go right by them during the discourse. Nor do they know that the real audience of the conversations consists of later jury listeners, who do not know the full context of these conversations. Unlike everyday, unrecorded conversation, the most critical listening takes place at a future time and under very different circumstances. It is shown that undercover officers and their cooperating witnesses make use of essentially the same conversational strategies.
Roger W. Shuy
- Published in print:
- 2008
- Published Online:
- May 2008
- ISBN:
- 9780195328837
- eISBN:
- 9780199870165
- Item type:
- chapter
- Publisher:
- Oxford University Press
- DOI:
- 10.1093/acprof:oso/9780195328837.003.0003
- Subject:
- Linguistics, Sociolinguistics / Anthropological Linguistics
A business contract between a marketing services company and a company that sells infomercial products contained an exclusivity rights clause, providing that the sales company “will not contract with ...
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A business contract between a marketing services company and a company that sells infomercial products contained an exclusivity rights clause, providing that the sales company “will not contract with any other contractors or service providers for the procurement of comparable services during the term of this agreement.” The dispute was over the meaning of the verb “to contract” and whether it meant that a contract could be made before the last day of the existing contract even though the new work would not start until that contract had ended. Semantic analysis of the verb “contract” along with what the exclusivity agreement did not say, framed the linguistic contribution to this case.Less
A business contract between a marketing services company and a company that sells infomercial products contained an exclusivity rights clause, providing that the sales company “will not contract with any other contractors or service providers for the procurement of comparable services during the term of this agreement.” The dispute was over the meaning of the verb “to contract” and whether it meant that a contract could be made before the last day of the existing contract even though the new work would not start until that contract had ended. Semantic analysis of the verb “contract” along with what the exclusivity agreement did not say, framed the linguistic contribution to this case.
Michelle T. Grando
- Published in print:
- 2009
- Published Online:
- May 2010
- ISBN:
- 9780199572649
- eISBN:
- 9780191722103
- Item type:
- book
- Publisher:
- Oxford University Press
- DOI:
- 10.1093/acprof:oso/9780199572649.001.0001
- Subject:
- Law, Public International Law
This book examines the process through which a World Trade Organization (WTO) dispute settlement panel formulates its conclusions with respect to the facts of a case, i.e., the process of ...
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This book examines the process through which a World Trade Organization (WTO) dispute settlement panel formulates its conclusions with respect to the facts of a case, i.e., the process of fact-finding or process of proof. The Dispute Settlement Understanding provides general guidance but few direct answers to specific questions regarding the process of fact-finding, which has placed upon panels and the Appellate Body the responsibility to provide answers to those questions as they have arisen in the cases. This book reviews the extensive jurisprudence developed in the 14 years of operation of the WTO dispute settlement system with a view to (a) determining whether panels and the Appellate Body have set out optimal rules to govern the process of fact-finding and, to the extent that that is not the case; and (b) to make suggestions for improvement. This book analyses questions such as: (i) Which party bears the responsibility of ultimately convincing the panel of the truth of a fact (burden of proof)?; (ii) What quantum of proof is necessary to convince the panel (standard of proof)?; (iii) The role of the panel, disputing parties, and non-disputing parties (e.g,. experts, international organizations, private parties) in the development of the evidentiary record on which the panel bases its decision; (iv) The consequences of a party's failure to cooperate in the process of fact-finding; (v) How the parties can access the information which is necessary to prove their allegations; and (vi) The treatment of confidential business and governmental information. In assessing and making suggestions to improve the answers provided by panels to these questions, the book draws on the approaches followed in the two major legal systems of the world — the common law and the civil law — and to the extent possible, the approaches adopted by other international courts and tribunals.Less
This book examines the process through which a World Trade Organization (WTO) dispute settlement panel formulates its conclusions with respect to the facts of a case, i.e., the process of fact-finding or process of proof. The Dispute Settlement Understanding provides general guidance but few direct answers to specific questions regarding the process of fact-finding, which has placed upon panels and the Appellate Body the responsibility to provide answers to those questions as they have arisen in the cases. This book reviews the extensive jurisprudence developed in the 14 years of operation of the WTO dispute settlement system with a view to (a) determining whether panels and the Appellate Body have set out optimal rules to govern the process of fact-finding and, to the extent that that is not the case; and (b) to make suggestions for improvement. This book analyses questions such as: (i) Which party bears the responsibility of ultimately convincing the panel of the truth of a fact (burden of proof)?; (ii) What quantum of proof is necessary to convince the panel (standard of proof)?; (iii) The role of the panel, disputing parties, and non-disputing parties (e.g,. experts, international organizations, private parties) in the development of the evidentiary record on which the panel bases its decision; (iv) The consequences of a party's failure to cooperate in the process of fact-finding; (v) How the parties can access the information which is necessary to prove their allegations; and (vi) The treatment of confidential business and governmental information. In assessing and making suggestions to improve the answers provided by panels to these questions, the book draws on the approaches followed in the two major legal systems of the world — the common law and the civil law — and to the extent possible, the approaches adopted by other international courts and tribunals.
Tyler Beck Goodspeed
- Published in print:
- 2012
- Published Online:
- September 2012
- ISBN:
- 9780199846658
- eISBN:
- 9780199950126
- Item type:
- book
- Publisher:
- Oxford University Press
- DOI:
- 10.1093/acprof:oso/9780199846658.001.0001
- Subject:
- Economics and Finance, Economic Systems
While standard accounts of the theoretical debates in 1930s economic thought invariably pit John Maynard Keynes against Friedrich von Hayek, this reflexive dichotomy is in many respects exceedingly ...
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While standard accounts of the theoretical debates in 1930s economic thought invariably pit John Maynard Keynes against Friedrich von Hayek, this reflexive dichotomy is in many respects exceedingly superficial. It is the argument of this book that both Keynes and Hayek developed their respective theories of the business cycle within the tradition of Swedish economist Knut Wicksell, and that this shared genealogy manifested itself in significant theoretical affinities between the two apparent antagonists. The salient features of Wicksell’s work, namely, the importance of money, the role of uncertainty, coordination failures, and the element of time in capital accumulation, all motivate the Keynesian and Hayekian theories of economic fluctuations, and contributed, The author argues to a fundamental convergence between the two economists during the course of the 1930s. Moreover, this shared, “Wicksellian” vision of the economic problem points to a very different research agenda from that of the Walrasian-style, general equilibrium analysis that has dominated postwar macroeconomics. The book aims not only to deconstruct some of the historical misconceptions of the Keynes versus Hayek debate but also to suggest how the insights thus uncovered can inform and instruct modern theory. While much of the analysis is quite technical, it does not assume previous knowledge of 1930s economic theory and thus should be accessible to economists, political scientists, and historians with general economics training, as well as to graduate students in these fields.Less
While standard accounts of the theoretical debates in 1930s economic thought invariably pit John Maynard Keynes against Friedrich von Hayek, this reflexive dichotomy is in many respects exceedingly superficial. It is the argument of this book that both Keynes and Hayek developed their respective theories of the business cycle within the tradition of Swedish economist Knut Wicksell, and that this shared genealogy manifested itself in significant theoretical affinities between the two apparent antagonists. The salient features of Wicksell’s work, namely, the importance of money, the role of uncertainty, coordination failures, and the element of time in capital accumulation, all motivate the Keynesian and Hayekian theories of economic fluctuations, and contributed, The author argues to a fundamental convergence between the two economists during the course of the 1930s. Moreover, this shared, “Wicksellian” vision of the economic problem points to a very different research agenda from that of the Walrasian-style, general equilibrium analysis that has dominated postwar macroeconomics. The book aims not only to deconstruct some of the historical misconceptions of the Keynes versus Hayek debate but also to suggest how the insights thus uncovered can inform and instruct modern theory. While much of the analysis is quite technical, it does not assume previous knowledge of 1930s economic theory and thus should be accessible to economists, political scientists, and historians with general economics training, as well as to graduate students in these fields.
Michael S. Long and Thomas A. Bryant
- Published in print:
- 2007
- Published Online:
- January 2008
- ISBN:
- 9780195301465
- eISBN:
- 9780199867288
- Item type:
- book
- Publisher:
- Oxford University Press
- DOI:
- 10.1093/acprof:oso/9780195301465.001.0001
- Subject:
- Economics and Finance, Financial Economics
A closely held firm is not a smaller version of a large public firm, anymore than a child is a miniature adult. While realizing that like large corporations, value comes from a business' ability to ...
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A closely held firm is not a smaller version of a large public firm, anymore than a child is a miniature adult. While realizing that like large corporations, value comes from a business' ability to generate future cash flows, this book emphasize the differences between the two. The primary question is does a separate entity exist or is the business just an extension of its principal owner or manager? If yes, how does this business vary from a large publicly traded firm with market and not management control? This book gets to the fundamental differences between the two and the adjustments made to value correctly. It avoids the traditional multiples of earnings or multiple of sales and other cookie-cutter approaches, to focus on the basic ability to create value. The book also avoids specifics in tax laws as they change and vary between countries.Less
A closely held firm is not a smaller version of a large public firm, anymore than a child is a miniature adult. While realizing that like large corporations, value comes from a business' ability to generate future cash flows, this book emphasize the differences between the two. The primary question is does a separate entity exist or is the business just an extension of its principal owner or manager? If yes, how does this business vary from a large publicly traded firm with market and not management control? This book gets to the fundamental differences between the two and the adjustments made to value correctly. It avoids the traditional multiples of earnings or multiple of sales and other cookie-cutter approaches, to focus on the basic ability to create value. The book also avoids specifics in tax laws as they change and vary between countries.
DONALD A. MARCHAND, WILLIAM J. KETTINGER, and JOHN D. ROLLINS
- Published in print:
- 2002
- Published Online:
- January 2010
- ISBN:
- 9780199252213
- eISBN:
- 9780191714276
- Item type:
- chapter
- Publisher:
- Oxford University Press
- DOI:
- 10.1093/acprof:oso/9780199252213.003.0010
- Subject:
- Business and Management, Information Technology
This chapter provides an overview of the key management conclusions that can be derived from this book. It presents the key directions which will be pursued further regarding management practices and ...
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This chapter provides an overview of the key management conclusions that can be derived from this book. It presents the key directions which will be pursued further regarding management practices and strategies to measure and manage IO to improve business performance in the future.Less
This chapter provides an overview of the key management conclusions that can be derived from this book. It presents the key directions which will be pursued further regarding management practices and strategies to measure and manage IO to improve business performance in the future.
John Kay
- Published in print:
- 1996
- Published Online:
- November 2003
- ISBN:
- 9780198292227
- eISBN:
- 9780191596520
- Item type:
- book
- Publisher:
- Oxford University Press
- DOI:
- 10.1093/0198292228.001.0001
- Subject:
- Economics and Finance, Microeconomics
The first section of the book is concerned with how economics is, and should be used, in business. It stresses that the value of economics lies in being able to provide us with a better understanding ...
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The first section of the book is concerned with how economics is, and should be used, in business. It stresses that the value of economics lies in being able to provide us with a better understanding of social and commercial issues, rather than help us forecast economic trends. Similarly, it provides a direction for the development of management science as a means of understanding the behaviour of firms.The second section of the book examines the application of economics to the central strategic issues facing firms – their choice of activities and markets. It provides an exposition of the resource‐based theory of strategy, which examines the dynamics of the successes and failures of firms by reference to their distinctive capabilities.The next section develops some broader themes that are suggested by the resource‐base view of strategy that recognizes the importance of corporate personality. This perception implies that large companies are fundamentally social institutions and the economic and social consequences of this result are examined.The final section is a collection of shorter essays, which are designed to illustrate how business economics can be used to analyse a range of individual commercial issues such as pricing positioning and the evolution of industry structure.Less
The first section of the book is concerned with how economics is, and should be used, in business. It stresses that the value of economics lies in being able to provide us with a better understanding of social and commercial issues, rather than help us forecast economic trends. Similarly, it provides a direction for the development of management science as a means of understanding the behaviour of firms.
The second section of the book examines the application of economics to the central strategic issues facing firms – their choice of activities and markets. It provides an exposition of the resource‐based theory of strategy, which examines the dynamics of the successes and failures of firms by reference to their distinctive capabilities.
The next section develops some broader themes that are suggested by the resource‐base view of strategy that recognizes the importance of corporate personality. This perception implies that large companies are fundamentally social institutions and the economic and social consequences of this result are examined.
The final section is a collection of shorter essays, which are designed to illustrate how business economics can be used to analyse a range of individual commercial issues such as pricing positioning and the evolution of industry structure.
Lutz G. Arnold
- Published in print:
- 2002
- Published Online:
- October 2011
- ISBN:
- 9780199256815
- eISBN:
- 9780191698385
- Item type:
- book
- Publisher:
- Oxford University Press
- DOI:
- 10.1093/acprof:oso/9780199256815.001.0001
- Subject:
- Economics and Finance, Financial Economics
Business cycle theory is a broad and disparate field. Different schools of thought offer alternative explanations for cycles, often using different mathematical methods. This book aims to provide ...
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Business cycle theory is a broad and disparate field. Different schools of thought offer alternative explanations for cycles, often using different mathematical methods. This book aims to provide academics and graduate students of economics with an exposition of business cycle theory since Keynes. The author places the main theories — Keynesian economics, monetarism, new classical economics, the real business cycles theory, and new Keynesian economics — in a historical context by presenting them in the chronological order of their appearance and highlighting their differences and commonalities. He minimizes the necessary mathematical prerequisites by using a unifying mathematical approach: stochastic second-order difference equations, which is explained in detail. Throughout the book, the international dimension of business cycles is acknowledged. The theoretical results obtained are set alongside empirical facts in separate boxes. Each chapter finishes with a set of problems designed to deepen the reader's understanding of the theories presented, and further reading sections providing access to related material.Less
Business cycle theory is a broad and disparate field. Different schools of thought offer alternative explanations for cycles, often using different mathematical methods. This book aims to provide academics and graduate students of economics with an exposition of business cycle theory since Keynes. The author places the main theories — Keynesian economics, monetarism, new classical economics, the real business cycles theory, and new Keynesian economics — in a historical context by presenting them in the chronological order of their appearance and highlighting their differences and commonalities. He minimizes the necessary mathematical prerequisites by using a unifying mathematical approach: stochastic second-order difference equations, which is explained in detail. Throughout the book, the international dimension of business cycles is acknowledged. The theoretical results obtained are set alongside empirical facts in separate boxes. Each chapter finishes with a set of problems designed to deepen the reader's understanding of the theories presented, and further reading sections providing access to related material.
Ian I. Mitroff and Harold A. Linstone
- Published in print:
- 1996
- Published Online:
- October 2011
- ISBN:
- 9780195102888
- eISBN:
- 9780199854943
- Item type:
- book
- Publisher:
- Oxford University Press
- DOI:
- 10.1093/acprof:oso/9780195102888.001.0001
- Subject:
- Business and Management, Innovation
Global markets, Japanese competition, the service economy, the sophisticated consumer — American business today faces challenges undreamed of just a few decades ago, and traditional approaches to ...
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Global markets, Japanese competition, the service economy, the sophisticated consumer — American business today faces challenges undreamed of just a few decades ago, and traditional approaches to corporate problems are becoming increasingly less effective. And yet MBA programs still preach — and thousands of American firms hold sacred — an antiquated system of business thinking that is wholly inadequate to the problems they face. In this book, the authors pinpoint the profound changes that must occur in the way business executives think, make decisions, and solve problems, if America is to remain competitive. They put forth a radically new approach — “new thinking” — and show executives exactly how to employ these special critical and creative tools to clear the hurdles businesses now face. Varying perspectives, multiple realities, and openness to multiple solutions are the secrets of contemporary problem-solving, and lead us to the cutting edge of innovation. In illustrating how “new thinking” differs from the usual ways in which American firms have handled problems, they analyze a wealth of examples including the decline of the American auto industry and the consequences of this country's blind exporting of technology. They also revisit and interpret some of the gravest crises corporate America has faced: the Bhopal disaster, the Tylenol scare, and the accident at Three Mile Island. This book argues that if we are to produce products and services that can compete in the information age, we must challenge the very foundations of our thinking, and learn how to approach decision-making in a truly creative way.Less
Global markets, Japanese competition, the service economy, the sophisticated consumer — American business today faces challenges undreamed of just a few decades ago, and traditional approaches to corporate problems are becoming increasingly less effective. And yet MBA programs still preach — and thousands of American firms hold sacred — an antiquated system of business thinking that is wholly inadequate to the problems they face. In this book, the authors pinpoint the profound changes that must occur in the way business executives think, make decisions, and solve problems, if America is to remain competitive. They put forth a radically new approach — “new thinking” — and show executives exactly how to employ these special critical and creative tools to clear the hurdles businesses now face. Varying perspectives, multiple realities, and openness to multiple solutions are the secrets of contemporary problem-solving, and lead us to the cutting edge of innovation. In illustrating how “new thinking” differs from the usual ways in which American firms have handled problems, they analyze a wealth of examples including the decline of the American auto industry and the consequences of this country's blind exporting of technology. They also revisit and interpret some of the gravest crises corporate America has faced: the Bhopal disaster, the Tylenol scare, and the accident at Three Mile Island. This book argues that if we are to produce products and services that can compete in the information age, we must challenge the very foundations of our thinking, and learn how to approach decision-making in a truly creative way.
Richard M. Goodwin
- Published in print:
- 1990
- Published Online:
- November 2003
- ISBN:
- 9780198283355
- eISBN:
- 9780191596315
- Item type:
- chapter
- Publisher:
- Oxford University Press
- DOI:
- 10.1093/0198283350.003.0009
- Subject:
- Economics and Finance, Macro- and Monetary Economics
Takes a new look, in the light of advances in chaotic dynamics, at the archetypal cycle models by Hansen–Samuelson and Lundberg–Metzler. The Metzler model, which produces simple harmonic motion, is ...
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Takes a new look, in the light of advances in chaotic dynamics, at the archetypal cycle models by Hansen–Samuelson and Lundberg–Metzler. The Metzler model, which produces simple harmonic motion, is expanded to allow for non‐linearities. By locating the model within the Rössler band, aperiodic cycles of approximately three years can result. Similarly, a single non‐linearity, as in Rössler, is added to the Hansen–Samuelson model.Less
Takes a new look, in the light of advances in chaotic dynamics, at the archetypal cycle models by Hansen–Samuelson and Lundberg–Metzler. The Metzler model, which produces simple harmonic motion, is expanded to allow for non‐linearities. By locating the model within the Rössler band, aperiodic cycles of approximately three years can result. Similarly, a single non‐linearity, as in Rössler, is added to the Hansen–Samuelson model.
David Coen and Charles Dannreuther
- Published in print:
- 2003
- Published Online:
- November 2003
- ISBN:
- 9780199252091
- eISBN:
- 9780191599224
- Item type:
- chapter
- Publisher:
- Oxford University Press
- DOI:
- 10.1093/0199252092.003.0011
- Subject:
- Political Science, European Union
This chapter explores the issue of Europeanization primarily at the horizontal level of European Union (EU) policy formulation and the adaptation and Europeanization of large and small business ...
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This chapter explores the issue of Europeanization primarily at the horizontal level of European Union (EU) policy formulation and the adaptation and Europeanization of large and small business interests in the new opportunity structures of Brussels. The movement of business and other societal interests towards the European level has long been associated with a neofunctional perspective on European integration and societal change. Business interests have always been associated with the changes in policy and polity described by the term Europeanization, begging the question of how does the study of ‘Europeanization’ add to the understanding of European business lobbying. To answer this, the first section of the chapter, ‘Europeanization and the Application to EU Public Policy’ defines what Europeanization is understand to be, and set outs a number of European policy-making process propositions to be explored empirically in the next section ‘The Europeanization of Business Interests in a Differentiated Policy Process’. This section looks at how institutional and organizational capabilities have affected representative ability over time, how firms of all sizes have developed ‘venue shopping’ strategies in a multilevel governance structure, and, finally (in resource dependency terms), how firm size affects the distinct rules and norms of interest representation with the European Commission.Less
This chapter explores the issue of Europeanization primarily at the horizontal level of European Union (EU) policy formulation and the adaptation and Europeanization of large and small business interests in the new opportunity structures of Brussels. The movement of business and other societal interests towards the European level has long been associated with a neofunctional perspective on European integration and societal change. Business interests have always been associated with the changes in policy and polity described by the term Europeanization, begging the question of how does the study of ‘Europeanization’ add to the understanding of European business lobbying. To answer this, the first section of the chapter, ‘Europeanization and the Application to EU Public Policy’ defines what Europeanization is understand to be, and set outs a number of European policy-making process propositions to be explored empirically in the next section ‘The Europeanization of Business Interests in a Differentiated Policy Process’. This section looks at how institutional and organizational capabilities have affected representative ability over time, how firms of all sizes have developed ‘venue shopping’ strategies in a multilevel governance structure, and, finally (in resource dependency terms), how firm size affects the distinct rules and norms of interest representation with the European Commission.
Norman Flynn
- Published in print:
- 1999
- Published Online:
- October 2011
- ISBN:
- 9780198295525
- eISBN:
- 9780191685125
- Item type:
- book
- Publisher:
- Oxford University Press
- DOI:
- 10.1093/acprof:oso/9780198295525.001.0001
- Subject:
- Business and Management, International Business, Political Economy
The crisis in Asia has caused economic hardship and brought an end to the ‘economic miracle’ of fast economic growth in the region. This book asks whether the 1997/8 crisis marks a break with the ...
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The crisis in Asia has caused economic hardship and brought an end to the ‘economic miracle’ of fast economic growth in the region. This book asks whether the 1997/8 crisis marks a break with the past and signals an end to ‘Asian’ ways of running economies. During the period of rapid growth there were strong connections between governments and business in the region. ‘Cronyism’, or close connections between family, business, and government, was exposed when the stock markets and currencies dived. Pressure from overseas investors and international organisations has produced reforms in the region. The book examines the social, economic, and political modes of governance in the region. It finds that there is a shifting balance between rule by the market, rule by connections, and rule by force. In the sphere of economic management, it shows that the period of the ‘developmental state’ in Japan and Korea has come to an end, but that it has not yet been replaced by a liberal market. Elsewhere the close connections between governments and business have been weakened but not yet broken. There are still special ‘Asian’ characteristics in economic management and in politics. The forces of ‘globalisation’ are strong, but they are confronted with political and economic cultures that are not rooted in liberal market ethics.Less
The crisis in Asia has caused economic hardship and brought an end to the ‘economic miracle’ of fast economic growth in the region. This book asks whether the 1997/8 crisis marks a break with the past and signals an end to ‘Asian’ ways of running economies. During the period of rapid growth there were strong connections between governments and business in the region. ‘Cronyism’, or close connections between family, business, and government, was exposed when the stock markets and currencies dived. Pressure from overseas investors and international organisations has produced reforms in the region. The book examines the social, economic, and political modes of governance in the region. It finds that there is a shifting balance between rule by the market, rule by connections, and rule by force. In the sphere of economic management, it shows that the period of the ‘developmental state’ in Japan and Korea has come to an end, but that it has not yet been replaced by a liberal market. Elsewhere the close connections between governments and business have been weakened but not yet broken. There are still special ‘Asian’ characteristics in economic management and in politics. The forces of ‘globalisation’ are strong, but they are confronted with political and economic cultures that are not rooted in liberal market ethics.
