British manufacturing: revolution in reverse
Article Abstract:
The UK's manufacturing industry is on the decline. Since 1990, manufacturing jobs are estimated to have declined by 11%, industrial output by 8%, investment by 25% and domestic orders in some sectors, by as much as 30% to 40%. British productivity only comes up to 57% of that of the US, 66% of Japan's and 71% of Germany's. The deterioration of British industry is attributed largely to its poor image. Manufacturing continues to be seen as a lowly sector, thereby failing to attract the country's more talented and highly educated people. Without the infusion of the UK's best and brightest, the culture of a large number of manufacturing firms has come to be characterized by risk-aversion and resistance to change and innovation.
Publication Name: Accountancy
Subject: Business
ISSN: 0001-4664
Year: 1993
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Agents' role in syndicates' battle for survival
Article Abstract:
Lloyd's of London has formed a task force to review the possibility of reorganizing the trading structure of the august insurance institution. The task force is set to issue its findings in early 1992. Its recommendations will inevitably touch on the key issue of competence and will most likely call for an improved system of self-regulation among peers at the various levels of the Lloyd's market.
Publication Name: Accountancy
Subject: Business
ISSN: 0001-4664
Year: 1992
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