共查询到20条相似文献,搜索用时 15 毫秒
1.
Hammer M 《Harvard business review》2004,82(4):84-93, 141
Breakthrough innovations--not just steady improvements--in operations can destroy competitors and shake up entire industries. Just look at Dell, Toyota, and Wal-Mart. But fewer than 10% of large companies have made serious attempts to achieve operational innovation. Why? One reason, contends the author, is that business culture undervalues operations--they're not as sexy as deals or acquisitions. In addition, many executives who rose through the ranks of finance or sales aren't familiar with operations--and they aren't interested in learning more. Finally, because no one holds the title Vice President of Operational Innovation, it doesn't have a natural home in the organization, so it's easily overlooked. Fortunately, all of these barriers can be overcome. This article offers practical advice on how to develop operational innovations, such as looking for role models outside your industry to emulate and identifying--and then defying--constraining assumptions about how work should be done. The author also discusses the best way to implement operational innovations. For instance, because they are disruptive by nature, projects should be concentrated in those activities with the greatest impact on enterprise strategic goals. Operational innovation may feel unglamorous or unfamiliar to many executives, but it is the only lasting basis for superior performance. Executives who understand how operational innovation happens--and who understand the barriers that prevent it from happening--can add to their strategic arsenal one of the most powerful competitive weapons in existence. In an economy that has overdosed on hype and in which customers rule as never before, operational innovation offers a meaningful and sustainable way to get ahead--and stay ahead--of the pack. 相似文献
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Public management cannot be reduced to a set of mechanical components. The art of judgment is required to resolve a series of dilemmas concerning equity, rationing, discretion and values. Management and politics are inextricably linked in this process, and divorcing them impoverishes both. 相似文献
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Maurice Garner 《公共资金与管理》2013,33(2):29-32
A market‐oriented approach to housing, if consistently applied, can lead to more efficiency, wider choice, and greater equity. But the Government's obsession with home‐ownership is leading them to ignore the function and importance of the public housing sector even within such a market‐based system. 相似文献
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Fod Barnes 《公共资金与管理》2013,33(1-2):45-49
Regulating the privatised utilities has turned out to be more difficult than was expected, and the regulation that will be imposed on the water and electricity industries is likely to be different to that which the Government imposed on the telecommunications industry. By looking at the quality of British Telecom's services, some insights can be gained into why regulation has turned out to be so complex, and where the UK regulatory model may be heading. 相似文献
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Andrew Likierman 《公共资金与管理》2013,33(3):19-24
The Secretary of State wants local authorities to cut both manpower and spending. But it is local authority budget makers who face the harsh choices posed by cash limits on the one hand and national wage settlements on the other. That they have come much closer in respect of manpower than spending to what the Secretary of State wants, reflects the trade‐offs facing them in the labour market. New information reveals how brutally these bear on some sections of the workforce rather than others, and how they affect costs both to authorities and to ratepayers. 相似文献
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Tax officials judge whether a multinational’s transfer price is consistent with the arm’s-length standard, the price at which
two independent firms would carry out a similar transaction, by using data from comparable but independent transactions. In
vertically integrated industries, the only source of comparable data may be from controlled (nonindependent) transactions.
Conventional wisdom asserts that standard arm’s-length methods cannot perform well in such markets because the comparability
rules encourage the integrated firms to collude tacitly on transfer prices in a way that amplifies tax-differential incentives.
In this paper, we show that strategic linkages between vertically integrated firms operating in the same final good market
moderate, and can possibly reverse, tax-differential incentives if the correct comparison method is used. The Cost-Plus method
turns out to be the most effective in limiting the equilibrium amount of profit-shifting out of the high-tax country and it
yields the highest tax revenues for the high-tax country. These benefits are shown to strengthen when the firms have private
cost information.
相似文献
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We investigate whether the returns of industry portfolios predict stock market movements. In the US, a significant number of industry returns, including retail, services, commercial real estate, metal, and petroleum, forecast the stock market by up to two months. Moreover, the propensity of an industry to predict the market is correlated with its propensity to forecast various indicators of economic activity. The eight largest non-US stock markets show remarkably similar patterns. These findings suggest that stock markets react with a delay to information contained in industry returns about their fundamentals and that information diffuses only gradually across markets. 相似文献
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Michael Posner 《公共资金与管理》2013,33(2):11-12
Though often accused of seeking to extend its control over local authorities, this Government has in fact put forward a series of measures designed to restore control of council spending to the local electorate. These include the recent reform of rate support grant, the ill‐fated proposal that authorities should seek approval, via a referendum, for additional revenue‐raising, and the creation of a new Audit Commission. But such measures do not in fact tackle the major obstacles to the control of expenditure through an effective system of local accountability. 相似文献
11.
房地产企业的融资渠道评价 总被引:1,自引:0,他引:1
ACCA会员、中远房地产开发有限公司高级财务经理曹璐璐, 2003年7月加入中远房地产至今,一直从事财务工作,负责预算管理,包括公司年度预算的编制、控制和执行,公司3年盈利预测,项目周期预算. 相似文献
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Efforts to find a way of allowing nationalised industries to raise money while remaining subject to financial controls have regularly come up against ideology on the one hand and self‐interest on the other. However, it is possible to devise a method short of full‐scale privatisation that still preserves the present structure of the public enterprise sector. Though the authors were both involved in background work on the nationalised industries for the National Economic Development Officer (NEDO), the views expressed are their own and should not be attributed to the Corporation. 相似文献
14.
We explore why some firms in the extractive industries disclose mineral reserve quantum in their annual reports and others do not. We propose that the firms' reserve disclosure policies are a function of the extent of information asymmetries, as well as information production, litigation and proprietary costs. More specifically, we propose that a firm's decisions to disclose reserves in the annual report are a function of the stage of the firm's operations, use of project financing, and the cost of measuring reserves. Empirical tests are confirmatory. 相似文献
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Deregulation significantly affects the firms’ operating environment and leverage decisions. Firms experience a significant decline in profitability, asset tangibility and a significant increase in growth opportunities following deregulation. Firms respond by reducing leverage. Deregulation also significantly affects the cross-sectional relation between leverage and its determinants. Leverage is much less negatively correlated with profitability and market-to-book and much more positively (negatively) correlated with firm size (earnings volatility) following deregulation. These results are consistent with the dynamic tradeoff theory of capital structure. Also consistent with the dynamic tradeoff theory, those firms that are more likely to be above their target capital structure issue significantly more equity in the first few years following deregulation. 相似文献
17.
Michael Rauscher 《International Tax and Public Finance》1995,2(2):229-244
Does international tax competition in the environmental field lead to undesirably low levels of environmental regulation and to unacceptable disruptions of environmental quality? The paper tries to answer this question in a noncompetitive partial-equilibrium framework. There is one firm that wishes to establish a plant in one ofn countries. The paper shows that tax competition may lead to emission taxes that are either too low or too high. They may be so high that the investment is not undertaken, although this would be optimal if the countries cooperated. On the other end of the spectrum, a scenario in which taxes are driven to zero becomes possible if there are substantial transfrontier pollution effects. 相似文献
18.
Early-stage financing and firm growth in new industries 总被引:1,自引:0,他引:1
This paper shows that active investors, such as venture capitalists, can affect the speed at which new ventures grow. In the absence of product market competition, new ventures financed by active investors grow faster initially, though in the long run those financed by passive investors are able to catch up. By contrast, in a competitive product market, new ventures financed by active investors may prey on rivals that are financed by passive investors by “strategically overinvesting” early on, resulting in long-run differences in investment, profits, and firm growth. The value of active investors is greater in highly competitive industries as well as in industries with learning curves, economies of scope, and network effects, as is typical for many “new economy” industries. For such industries, our model predicts that start-ups with access to venture capital may dominate their industry peers in the long run. 相似文献
20.
We explore why some firms in the extractive industries disclose mineral reserve quantum in their annual reports and others do not. We propose that the firms' reserve disclosure policies are a function of the extent of information asymmetries, as well as information production, litigation and proprietary costs. More specifically, we propose that a firm's decisions to disclose reserves in the annual report are a function of the stage of the firm's operations, use of project financing, and the cost of measuring reserves. Empirical tests are confirmatory. 相似文献