Recapturing America's manufacturing heritage

Article Abstract:

Americans who visit factories in other countries are often impressed by the novel management approaches and ask, "Can they work here?" They are surprised to learn that much of what we see in foreign factories was originally developed in the U.S. and transplanted to other countries over thirty years ago during American manufacturing's Golden Age. This article describes the marriage of artisan values and scientific thinking that occurred in this country during the first half of this century, and how that marriage affected the way our predecessors managed material flows, technological development, and human resources. Then it traces the breakdown of that marriage and the "modern" approach to industrial management that gradually discarded those older values and managerial philosophy. The question raised by this historical review is "Why did the U.S. abandon an approach to industrial management that made its industrial capabilities the envy of the world, and that is now coming back to haunt us?" (Reprinted by permission of the publisher.)

Manufacturing industry, Manufacturing industries, History, Industrial management

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The management style and practice of Korean Chaebols

Article Abstract:

Korea has achieved remarkable economic growth over the last twenty-five years. The strong leadership and sound economic planning of the government were important elements of this growth. However, perhaps the most important driving force behind Korea's economic success has been a group of large business conglomerates, referred to as Chaebols. The economic and political power of these Chaebols is enormous. The total sales of the top five Chaebols exceeds 50 percent of Korea's GNP, while the total exports by the eight general trading companies owned by the eight largest Chaebols represents more than half of all Korean exports in 1985. This article discusses the unique characteristics, management style, and management practice of Korean Chaebols. (Reprinted by permission of the publisher.)

South Korea, Economic aspects, Korea, South, Corporations, South Korean

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Statecraft, strategy, and corporate leadership

Article Abstract:

"Statecraft" - the use of persuasion and informal authority to mobilize coalitions to accomplish goals - is a little-recognized but critical element of strategic leadership. In exercising statecraft, top managers continually move back and forth across the "boundary" between the firm and a wide variety of constituencies, paying close attention to the political as well as the economic consequences of their decisions. The two central jobs of the corporate statesman are managing the core coalition assembled to achieve corporate purpose and maintaining the balance between the technocratic and political systems of the firm. (Reprinted by permission of the publisher.)

Methods, Analysis, Strategic planning (Business), Leadership

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