IMPROVING COMPETITIVENESS OF INDUSTRY

by Harold Bierman Jr.

As the twenty-first century begins, the world finds itself with a wide range of possible economic futures. Many corporations find it difficult to compete in international markets with the result being shrinking revenue. Too many governments utilize an excessively high percentage of their nation's goods and services.In the past, some countries could afford to have a less than perfect tax system. However, wage and other labor rigidities (work rules) handcuff management. Management has become pre-occupied with non-productive pursuits, and numerous other sources of inefficiency.The objective of this book is to suggest several revisions in institutional structure, management techniques and rewards, and a drastic change in how hourly labor is compensated. The suggestions offered are applicable to any economy where decisions have to be made as to how to organize the factors of production most efficiently. It is therefore essential reading for policymakers, human resource management and accountant management.

144 pages, Hardcover

First published June 10, 2011

About the author

Harold Bierman Jr. Distinguished Professor of Management, Professor of Finance at Samuel Curtis Johnson Graduate School of Management, Cornell University.

rofessor Bierman's interests are in investment and corporate financial-policy decisions. He has consulted for many public organizations and industrial firms and is the author of more than 150 books and articles in the fields of accounting, finance, investment, taxation, and quantitative analysis. In 1985 he was named the winner of the prestigious Dow Jones Award of the American Assembly of Collegiate Schools of Business for his outstanding contributions to collegiate management education.