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Employment Practices and Business Strategy

This book explores the reasons for persistent differences in work practices both within and between industries. The authors found that the strategy that a firm chooses to follow often determines the kind of work practices it fosters. Therefore a firm may not adopt the approach now advocated by many management thinkers--in which decision-making is pushed down to the lowest level of the firm--because this choice may not be consistent with its competitive strategy. The authors discuss the ways that public policy can aid workers without subverting the strategic choices made by firms.

vince employees that developing labor-saving ideas will not result in job loss.12
Other aspects of Nucor's HR system complement, and in many ways directly
depend, on their strategy of expanding production of relatively few steel products
to ...

Italy: Technical Note on the Financial Situation of Italian Households and Non-Financial Corporations and Risks to the Banking System

This Technical Note examines the financial situation of Italian households and nonfinancial corporations and risks to the banking system. The credit risk from Italian households is mitigated by their considerable net wealth. Income has declined during the crisis, leading to tighter financial conditions for households, especially for young and low-income groups, but low indebtedness, high levels of assets, and declining interest rates have protected households from widespread debt payment difficulties. The financial situation of nonfinancial corporations, in particular small and medium-sized enterprises, is fragile, as evidenced by already high loan default rates. Continued strong policy action will be important to mitigate the impact of these vulnerabilities, especially for firms.

Also, further development of the private market for distressed assets would help
accelerate the disposal of non-performing loans and promote corporate
restructuring. Finally, with SMEs relying heavily on bank financing and suffering
from tight ...

The 41st IFLA World Congress Proceeding

September 9-11, 2004, Taipei International Convention Center, Taipei, Taiwan