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We started this book by acknowledging the severe crisis that capitalism faces. In the eyes of millions of citizens, it’s a rigged game. Corporations exist to line the pockets of executives and investors, paying scant attention to worker wages, customer welfare or climate change. Those lucky enough to be running businesses or investment funds see no need to change, as they’re protected by market power, and can further entrench themselves by lobbying. Even worse, many see no responsibility to change, as they delude themselves that their social responsibility is to maximise profits.
Written for current and aspiring managers, this textbook guides readers through the core components of compensation and puts them in the manager's chair, challenging them to apply their understanding to solve business problems such as attracting, managing, and retaining company talent. The book's central theme, supported by extensive treatment of compensating differentials, is that compensation is heavily driven by market competition. The coverage also includes analytics, negotiation and bargaining, wage theft, and non-profits and small businesses, as well as a detailed treatment of stock options. Case studies are included to demonstrate the principles in practice, and 'lessons for managers' in each chapter provide practical advice and takeaways. A rich package of online teaching and learning materials, including teaching slides, sample syllabi, additional case studies, and a test bank is also provided to support teachers and students.
Huawei has become China's most prominent multinational company and a leader in the ICT sector. Given unprecedented access to the company, the authors of this book examine the management transformation of Huawei from its inception in 1987 until 2019, observing in detail not only the creation of its organizational routines but also the breaking of routines across most major functional areas: Management, Product Development, HR, Supply Chain, Finance, R&D, Intellectual Property, and International Business. 'Dynamic capabilities' are central to theories of competitive advantage and this book highlights Huawei as an ideal case study for the successful implementation of change routines and change-supporting values. The chapters cover all the major change initiatives the firm has undertaken since 1996 to import best practices from the West, with the help of consultants. The insights presented in the book will be particularly interesting for academics in the field of strategy, management, and business history.
This new edition follows the second edition of 2006. In this revised edition, we introduce more educational policies that have numerous implications for educational managers. These policies require educational managers to create a conducive environment where firm collegial relationships are established for effective teaching and learning. At the core of these policy initiatives is a thrust towards democratisation of the principles by which schools are governed and managed. These processes and structures involve institutional autonomy, school-based management, self-management, site-based management and participative decision-making. Educational managers require and deserve all the help available to turn the avalanche of reforms into workable practices. Human Resources Management in Education seeks to contribute helpful advice and assistance to educational managers to address numerous management problems and challenges. The topics covered include resourcing and development (staffing, induction, professional development and staff appraisal), empowering people (staff motivation, effective communication, conflict management and stress management) and stimulating individual and team performance (self-management, team management and leadership). Human Resources Management in Education is intended to guide educational managers through the main issues, not simply in problem-solving, but also in contextualisation. Furthermore, the third edition of Human Resources Management in Education aims to facilitate acquisition of knowledge, skills and attitudes in human resource management. Prof GM Steyn and Prof EJ van Niekerk's involvement in formal courses on education management have brought them in direct contact with the practical problems that educational managers experience in the school setting. They have both published a substantial number of articles and chapters in books on various educational topics.
Innovations are dramatically changing the traditionally conservative global ocean shipping industry as it works to become more efficient and more sustainable. Academic and former shipping company owner Peter Lorange is best placed to make sense of how to approach and keep ahead of these changes. This book explains what the key innovations are, how to ensure a return on investment, the barriers to innovation and how to overcome them. Drawing on a number of specialist case studies, Lorange outlines the specific analytical and decision-making steps to consider and the actions to take to arrive at a new strategic blueprint for modern shipping companies. This book is invaluable for practising shipping company executives, advanced students of shipping, logistics, port management and maritime economics, and investors deciding whether to invest in a particular shipping firm.
Over the past two decades, the Japanese apparel industry has lost its competitiveness after experiencing a period of fast growth from the postwar years to the early 1990s. In international literature in social sciences, most scholars offer ethnic-based explanations of fashion in Japan, stressing some specificities such as street fashion or star designers in Paris. This article, however, argues that such views are biased and cannot explain the current lack of competitiveness of the Japanese apparel industry. Using the concept of the “fashion system” and following a business history-oriented approach, we offer a new interpretation of the emergence of Western clothing and fashion in Japan during the second part of the twentieth century. This interpretation demonstrates that the characteristics of the Japanese fashion system lie in a focus on the issues of production and technology, both of which led both to an extreme segmentation of the domestic market and to weaker brands.
This article analyzes the transfer of tacit knowledge between countries and continents, based on a case from the shipbuilding industry. The South Korean shipbuilder Hyundai Heavy Industries (HHI) was established in the early 1970s and had by the late 1980s become the world’s leading shipbuilder. Aided by foreign loan capital, HHI acquired technology through foreign licenses and imported equipment. However, shipbuilding is about more than hardware. This article presents and analyzes another important means of knowledge transfer: the acquisition of tacit knowledge in the form of shipbuilding skills, including shipyard processes and operations. This transfer was mainly accomplished through the “import” of foreign managers and the dispatch abroad of South Korean employees. One important element, which we investigate in detail, was the Korean personnel that HHI sent in 1972 to the Scott Lithgow shipyards in Scotland to observe and learn. Based on archival sources and interviews, we detail the manner in which tacit knowledge could be transferred across language and cultural barriers.
This study analyzes why and how department stores lost their dominant status in China’s apparel retail industry. It examines the history of the apparel distribution mechanism. The analysis finds that this loss is due to irrationalities in the distribution mechanism that developed to support apparel enterprises’ marketing efforts. Furthermore, the loss also resulted from the strategic changes among apparel enterprises and department stores to cope with these irrationalities. Apparel firms developed diversified channels and weakened the stores’ buying power by introducing multiple brands and getting involved in stores’ capital. Although department stores sought to change their disadvantaged status by reforming their purchasing patterns, they could not expand their scale to address their difficulties. Eventually, department stores ceased to be the main retail channel for apparel, and the value chain changed from being driven by department stores to being driven by apparel enterprises.
Amidst other major changes to the food system, America witnessed an extensive transformation of marketing within the postwar era. Specifically, the concept of convenience quickly became a favorite of corporations across the food chain. However, despite the favorable market conditions and an outwardly receptive customer base, companies quickly found that they needed to negotiate with public perceptions of food, cultural ideals, and social realities. Using primarily corporate sources, this paper explores the development and use of convenience by food marketers. It investigates how processors sought to exploit postwar tensions between labor and gender. The project also examines how companies grappled with customer expectations of product quality. Ultimately, companies that successfully leveraged their ability to offer quick, quality meals further embedded themselves into consumer choices and lifestyles. By cultivating and marketing a specific message, corporations used convenience to make themselves appear indispensable to living and eating well in the postwar era.
This article reinterprets Asian industrialization during the Cold War through the lens of a forgotten commodity: the South Korean wig. Wigs were critical to Asia’s “miraculous” economic growth—a US$1 billion industry in 1970, as well as the number two export in South Korea and number four in Hong Kong at the height of export-oriented industrialization. The article makes a methodological argument, suggesting that we see industrialization differently when we “follow” a commodity transnationally—from the heads of rural South Koreans to the hands of Seoul factory workers to the shoulder bags of Korean American peddlers to the heads of African American women—and when we integrate bottom-up and top-down views of the commodity’s “life.” Only by taking this global perspective can we see how U.S. imperialism shaped the ways people and things moved across borders and oceans and how Cold War commodities were haunted by the lives of the people who touched them.
By looking at the policy termination of state aid to shipbuilders in Amsterdam, this article illustrates how a major policy paradigm shift within recent history, and the change from Keynesian to neoliberal policies, can be explained. The article is informed by a multilevel governance approach to policy change analysis and is based on different types of sources. It presents an in-depth case study of the closing of the Amsterdam shipyards and analyzes the role of policy change at different governance levels (i.e., city government, national Parliament, national government, and the European Commission). In doing so, we are able to illustrate how new actors—in this case the European Commission and the Commissioner for Competition—were able to terminate long-existing policies of state aid to shipbuilders under the auspices of improving competition and the free market at the start of the 1980s.
Systematic analysis of fiduciaries and trust is rare. The aim of this volume is to help fill this gap. The chapters explore the interactions of fiduciary law and trust, drawing on literatures on trust that have been generated in a variety of disciplines. They do so with an eye to the full scope of extension claimed for the fiduciary principle, from its heartland in private law, to its frontiers in public law and government more broadly. Overall, the volume advances an integrated and wide-ranging understanding of the relation of fiduciaries and trust that illuminates key legal and political problems, and challenges and deepens our understanding of fiduciaries and trust themselves.
Getting numbers is easy; getting numbers you can trust is hard. This practical guide by experimentation leaders at Google, LinkedIn, and Microsoft will teach you how to accelerate innovation using trustworthy online controlled experiments, or A/B tests. Based on practical experiences at companies that each run more than 20,000 controlled experiments a year, the authors share examples, pitfalls, and advice for students and industry professionals getting started with experiments, plus deeper dives into advanced topics for practitioners who want to improve the way they make data-driven decisions.Learn how toUse the scientific method to evaluate hypotheses using controlled experiments Define key metrics and ideally an Overall Evaluation CriterionTest for trustworthiness of the results and alert experimenters to violated assumptionsBuild a scalable platform that lowers the marginal cost of experiments close to zeroAvoid pitfalls like carryover effects and Twyman's lawUnderstand how statistical issues play out in practice.
Pervez Ghauri, University of Birmingham,Kjell Grønhaug, Norwegian School of Economics and Business Administration, Bergen-Sandviken,Roger Strange, University of Sussex
Pervez Ghauri, University of Birmingham,Kjell Grønhaug, Norwegian School of Economics and Business Administration, Bergen-Sandviken,Roger Strange, University of Sussex
Pervez Ghauri, University of Birmingham,Kjell Grønhaug, Norwegian School of Economics and Business Administration, Bergen-Sandviken,Roger Strange, University of Sussex