Suchergebnisse

Intro -- Editors' Foreword -- Table of Contents -- Ralf-Bodo Schmidt: "Unternehmungsphilosophie" and Human Concept - Questions to the Research of Real Theory - -- A. At first: subject of the study -- B. Secondly: The term "Unternehmungsphilosophie -- C. How: Values in goals and in the goal achievement of the company -- D. At fourth: Human Concepts and patterns of valuation -- E. And now: Questions to the research of real theory -- Tamiki Kishida: Entrepreneurshlp: Management Ideology and Corporate Strategy -- 1. Entrepreneurship and innovation -- 2. Hitachi vs. Matsushita, and Toyota -- 2.1 Hitachi -- 2.2 Matsushita -- 2.3 Toyota -- 3. No debt management and entrepreneurship -- 3.1 Questionnaire and no debt small and medium firms -- 3.2 Interview with no debt small and medium firms -- 3.3 Interview with no debt large firms -- 4. Summary and concluding remarks -- References -- Table 1: A Comparison of Various Authors' Concepts of Strategy and the Strategy Formulation Process -- Table 2: Characteristics of the Defender -- Table 3: Characteristics of the Analyzer -- Table 4: Characteristics of the Prospector -- Dieter Schneidewind: Management of a German Subsidiary in Japan - Experiences, Challenges, Solutions - -- 1. Introductory remarks -- 2. Case study of a German beauty & -- health care company -- 2.1 The local distributor and the preparation phase (1969-1971) -- 2.2 The formation of joint-ventures (1972) -- 2.3 The central role of the liaison office (1973-1975) -- 2.4 The short period of near 100% control (1976) -- 2.5 The participation of Japanese partners (1977-1980) -- 2.6 Amalgamation and consolidation (1980-1985) -- 2.7 Looking to forthcoming strategies (1986-1995) -- 3. Successful management of FAC in the Japanese consumer market -- 3.1 Handling the labor force challenge -- 3.2 The inevitable local production and logistic basis.

According to environmental interests groups governments should use their climate policy strategically in order to provide for a faster introduction of new, cleaner technologies. Strategic use of climate policy could also induce the development of a successful upstream abatement technology industry like the Danish windmill industry. Interestingly, this latter question has not been analyzed theoretically before. Our point of departure is a three-stage game between a government in a small country with a climate restriction, and a limited number of firms supplying carbon abatement technology. The government moves first, and may use its climate policy strategically to influence the behavior of the upstream technology firms. An especially stringent climate policy towards the polluting downstream sector may then in fact be well founded. It will increase the competition between the technology suppliers, and lead to lower domestic abatement costs. However, to our surprise, a strict environmental policy is not a particularly good industrial policy with respect to developing new successful export sectors.

Under a flexible inflation targeting regime, should policymakers avoid any reaction to movements in the foreign exchange market? Using data for six advanced open economies explicitly targeting inflation, the paper examines empirically whether real exchange rate disequilibria systematically affect the conduct of monetary policy. Estimates indicate that monetary policy responses in inflation–targeting, open economies have changed significantly, as the institutional framework for the conduct of monetary policy has evolved. In particular, an explicit target for core inflation and a greater use of the expectation channel of monetary policy appear to be key features of the newest policy framework. In this context, central banks are unlikely to react to regular fluctuations in the exchange rate.

This paper deals with public debt in open economies, extending Diamond's overlapping generations model to a small open economy as well as an international equilibrium of two large economies. It focuses on the intergenerational welfare redistributions caused by an increase in public debt triggered by a temporary government budget deficit, and shows how these redistributions differ in open and closed economies. The interplay between the deficits in the government budget and the current account is also analyzed. It is shown how a single period with a government deficit can be followed by a sequence of periods with a deficit in the current account.

Taking the growth and recent crisis of the Thai economy as an example, explores the implications of globalization - the integration of world markets - for a small open economy. Globalization provided Thailand with the opportunity to escape from poverty and then grow fast. Argues that there is a need to control capital flow so that small open economies can remain open and continue to benefit from globalization. (Original abstract - amended)