Enterprise and double cross; at the heart of America's industrial decline is a culture of mistrust.

From: Washington Monthly | Date: January 1, 1987| Author: Reich, Robert | Copyright information

ENTERPRISE AND DOUBLE CROSS

In 1985, soon after the Reagan administrationarranged quotas on the importation of foreign steel, the U.S. Steel Corporation dropped plans for new investment in a Utah facility. Instead, it opted to import semi-finished slabs from South Korea to feed its West Coast finishing mills. Soon thereafter it spent $3.6 billion to purchase Texas Oil and Gas Corporation, on top of the $6 billion it spent a few years before to buy Marathon Oil. In mid-...

Read all of this article with a FREE trial to HighBeam Research

Related newspaper, magazine, and journal articles from HighBeam Research

HUMAN RESOURCE MANAGEMENT ISSUES AS GROWTH BARRIERS IN PROFESSIONAL SERVICE FIRM SMEs
Journal of Services Research ; ... from> www.dti.gov.uk/SME4/define.htm. Drucker, P (1985) Innovation and Entrepreneurship, London: Heinemann. DTI Statistical News Release P/2000/561 7th August 2000. Davies, L. & Gibb (1991) A Recent Research in Entrepreneurship, Avebury. Greiner. L ...
Custom and the firm.
The American Journal of Economics and Sociology ; JOHN GROENEWEGEN * I Conceptualization of the Firm A DOMAIN IN ECONOMICS IN WHICH IDEAS OF CUSTOM have recently received substantial attention is the domain of the theory of the firm. The neoclassical firm, being a production function, has first been challenged by the firm as a nexus of contracts
The concept of the firm in economic geography
Economic Geography ; Abstract: This paper argues that the poor conceptualization of the "firm" in economic geography detracts from the analytical strengths and policy relevance of the discipline. Identified as a phenotype, the firm remains ambiguous as an analytical category. This paper reviews nine overlapping
The nature of the firm reconsidered: information synthesis and entrepreneurial organisation.(International Business Theory: The Nature of the Firm and the Role of Management)
Management International Review ; ... that the subordination of the manual worker to the manager's decisions is a necessary part of achieving a prompt response to news about the latest conditions. The same kind of argument applies to a managerial employee who cares about the kind of instructions ...
Heron Burchette Law Firm to Shut Down
The Washington Post ; The law firm of Heron, Burchette, Ruckert & Rothwell, which only last summer boasted more than 200 lawyers and offices from Sacramento to Moscow, plans to close its doors as of Friday. "They are just closing down. They're not even going to have a phone number" after Friday, said Jacquelin Finn of
IN FIRM: Your Strategic Technology Plan.(Technology In Practice)
The CPA Technology Advisor ; ... should also include the creation of a technology budget that maps out the implementation of the firm's strategic objectives. I ... long-term needs of the firm. Create a technology budget that maps, out the implementation of the firm's, strategic objectives ...
The spatial configuration of the firm and the management of sunk costs
Economic Geography ; The Spatial Configuration of the Firm and the Management of Sunk Costs* Abstract: In this paper we explain why the modern corporation may persist with a decentralized system of plants differentiated by the vintage of capital and the style of management. Our goal is to show how and why firms are, at
A Competence-based Theory of the Firm
Management Revue ; A Competence-based Theory of the Firm** The research question of the article is: Does the competence-based view, representing a theory of sustaining competitive advantage, offer simultaneously a comprehensive theory of the firm? In order to develop an answer, it appears to be necessary to elaborate
Managers' fiduciary duty upon the firm's insolvency: Accounting for performance creditors
Vanderbilt Law Review ; I. INTRODUCTION A corporation's managers1 generally owe a fiduciary duty to the corporation and its shareholders.2 Legal scholars interpret this duty as requiring the managers to maximize shareholder value.3 When a firm is solvent, the obligation to maximize shareholder value tends to give managers
The firm in economic geography
Economic Geography ; The Firm in Economic Geography* Abstract: This article is concerned with the alleged absence in economic geography of a particular microtheoretical foundation that spells out precisely what makes the central actor of the subdiscipline, "the firm," behave and perform the way it does. It especially