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Planning for Chaos: A Scenario Approach to the Oil Market

No one can forecast oil prices. Yet a sharp change in oil prices can radically alter business conditions for a very large number of companies. In the early 1980s, automobile companies, iron and steel companies, airlines, marine transportation companies, and ultimately financial institutions all...

Asia Pacific: The Next Regional Trading Bloc?

If Lester Thurow is right in suggesting that GATT is "dead," how will international trading relationships develop during the rest of this century? In an era of improving communications and rapid economic development, companies' investment, marketing, and sourcing strategies are becoming...

The New Business Topography

Once again we are embarked on a period of turbulent change, when it seems that the established order is dissolving, familiar guideposts disappearing, and our traditional frames of reference out of date. The very topography in which business is conducted is shifting beneath our feet. Change of this...

Proprietary Technology: The Next Challenge for the NICs

The future economic success of the Asia Pacific region is predicated on developing and sustaining a successful manufacturing sector. This must include not only primary processing and secondary manufacturing, in which the region has considerable experience, but the development of proprietary...

Redefining the Corporation

In recent years, a great many corporations have been reshaping - or at least attempting to reshape - themselves, with varying degrees of success. In North America, at least, the 1980s could easily end up being called the Decade of Downsizing. Reasons for this trend include deregulation, volatile...

Viewpoint Beyond Tiananmen: Is There a Future for Foreign...

The recent events in China's Tiananmen Square sent a deep shudder through the boardrooms of many firms in the United States, Western Europe, and Japan. While most foreign companies doing business in the People's Republic of China (PRC) have felt somewhat uneasy about making significant commitments...

Viewpoint What Executives Need to Learn

Executives who understand their work in terms of a flow of information are still a very small minority. Most of us continue to use computers primarily to do things we have always done - that is, to crunch numbers. Information - which means the right knowledge to take effective action - is still...

Toward Effective Supplier Management: International...

The purchasing function is acquiring high priority in the eyes of senior management for a number of reasons. First, increasingly global strategies for marketing and manufacturing require equally global approaches to sourcing. The skills and knowledge required for effective worldwide sourcing are...