Facing up to the need for a management revolution

Article Abstract:

We are at the end of the era of sustainable excellence. Too much is changing for even the largest "excellent" companies to be complacent. Firms must learn to thrive on chaos - or impermanence and constant change. Both established industrial giants and rapid-growth new technology firms must confront he pressures that are driving America into decline. This article debunks the traditional American myth of "big is better, biggest is best" and shows how this philosophy has led us astray and hampered our competitiveness in manufacturing and in services. The author provides a prescription for a new kind of American competitor and offers recommendations for policymakers. (Reprinted by permission of the publisher.)

Planning, Organizational change

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Competition and compassion

Article Abstract:

U.S. industry is under full-scale attack by foreign competitors, but the response of the Fortune 500 has been alarmingly slow and at times non-existent. However, a new American competitor is emerging. This article describes the traits of this new competitor and prescribes ways to keep the heat turned up on the laggards in American industry. What is needed is not more protection or useless attempts at creating a level playing field. Instead, government must play a more active role in spurring competition through heightened compassion and a renewed commitment to enhancing, not restricting, world trade. (Reprinted by permission of the publisher.)

United States, Innovations, International aspects, International economic relations, Peters, Thomas J., International competition (Commerce), International competition (Economics), Speeches, lectures and essays, Commerce, transcript

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Rethinking scale

Article Abstract:

The competitive advantage associated with large firms needs to be carefully and critically re-examined. In many cases, large firms have proven to be less competitive. Average firm size is shrinking in all industrial economies: the era of the Fortune 500 is over! The only way large firms can survive is by becoming less hierarchical and more decentralized. They need to learn to open themselves up to market forces and they need to discover how to take advantage of the growing importance of niche markets. (Reprinted by permission of the publisher.)

Market segmentation, Corporate size, Decentralization (Management)

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