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Managing Transformational Change

The pace of change is faster than ever before – and accelerating. While new technologies transform the ways people work and the ways businesses operate, new markets, with enormous potential, are opening up in Asia, Eastern Europe, and Latin America. Unforeseen competition – from different countries...

Managing Technology on a Global/Local Basis for Optimal...

Over the last decade, many large organizations have faced the challenge of intensifying international competition – within, their own domestic markets, across continents, and even worldwide. As their competition has become global, so too has their manufacturing, as they have tried to reap the twin...

Leaders' Perspectives on Business Ethics: An Interim...

We are engaged in a series of conversations with chief executives of large international companies about the ways they define, promulgate, and implement standards of ethical behavior in their firms. This progress statement is intended in part to prompt responses from Prism readers. We hope that...

Doing More With Less: Improving Environmental Management...

In recent years many companies have made impressive gains in strengthening their environmental, health, and safety (EHS) management. But they have also seen their EHS costs increase dramatically – to as much as 4 percent of sales and even more. As a result, EHS budgets have joined other once–sacred...

Measuring the Performance of the Innovation Process

When executives examine how smart their innovation processes are, the soul–searching involves questions of effectiveness, efficiency, and risk. How does the company's record of success in innovation stand up against competitors'? Does the company achieve an adequate return on its investments in...

Transnational Corporations and Global Environmental Policy

Ten years ago, "environmental" was not a very important word in the business lexicons of most transnational companies. Today, many of these companies have made superior environmental performance a worldwide priority. They express their commitment in written environmental policies and manage...

Information Management

If you believe the pundits and the business theorists, we live and work in the Information Age. Our companies are populated by an intriguing new species called the "knowledge worker." And our organization charts are being ripped apart in the name of reengineering – an information–technology–driven...

Managing the Marketing/R&D Interface

Many CEOs, looking at the considerable resources their companies invest in R...

Doing Business in China: The Dragon Gathers Speed

The breakneck speed of China's development and growth since the introduction of its "open–door" policy in 1979 has set the stage for what many believe will be the emergence of China as the next economic superpower. Already, the Chinese economy, measured in terms of purchasing–power parity exchange...

Manufacturing Management

Over the past decade, we have heard a lot about the perilous decline of manufacturing in the United States. Yet a review of key indices, adjusted for inflation, reveals an altogether different picture. For instance, hourly output has been rising at almost 5 percent a year for the past three years....