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Collaborating With Potential Competitors: The Profits and...

Many Western managers are becoming wary of joint ventures. They have learned through costly experience that such alliances - particularly with Asian partners - can become a low-cost route through which new competitors acquire technology and market access. However, with the costs of product and...

Academic/Industry Liaisons

It has been 37 years since Watson and Crick unraveled the genetic mysteries and catapulted molecular biology into the forefront of laboratory sciences. Events in the academic laboratories since then have been nothing short of revolutionary. We have progressed in our fundamental understanding of the...

The New Production-Sharing Networks

Production sharing is a strategy for conducting industrial operations in which certain procurement and manufacturing processes are restructured and shared, with firms in a developed country furnishing capital and technology-intensive components, while firms in a developing country furnish labor-...

From Uncertainty to Risk: Reducing the Guesswork in R&D

The R...

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...