首页
登录
职称英语
In the go-go years of the late 1990s, no economic theorist looked better tha
In the go-go years of the late 1990s, no economic theorist looked better tha
游客
2023-12-05
9
管理
问题
In the go-go years of the late 1990s, no economic theorist looked better than Joseph Schumpeter, the Austrian champion of capitalism who died in 1950. His distinction? A theory he called "creative destruction". The idea was straight-forward: in with the new, out with the old. Companies had life cycles, just as people do. They were born, they grew up. And when a better competitor came along, they died due to capital starvation. It was the way things were, and the way they should be. The markets had no sentiment. Capitalism was relentless, unforgiving.
In their book Creative Destruction(367 pages. Doubleday. $27. 50), Richard N. Foster and Sarah Kaplan of the consulting firm McKinsey & Co. apply Schumpeter’s logic in the context of a technology-driven economy. They want their corporate readers to understand the implications of one basic idea-, there is an inescapable conflict between the internal needs of a corporation and the total indifference capital markets have for those needs. Managers care desperately about the survival of their companies. Investors don’t give a hoot. This was always true, the authors say, but until recently nobody really noticed because of the relatively languid pace of economic change. No more. In the 1920s,when the first Standard & Poor’s index was compiled, a listed company had a life expectancy of more than 65 years. In 1998 the annual turnover rate of S&P firms was nearly 10 percent, implying a corporate lifetime of only 10 years.
How does anyone manage in this environment? Foster and Kaplan argue that companies today must embrace" discontinuity" , the idea that everything they have always done is now irrelevant. Consider Intel: by its top executives’ own accounts, the company had to kill its ground-breaking memory-chip business once it became clear that Japanese companies could deliver essentially the same product at a lower price. Intel then moved into the much more lucrative microprocessor business. It was an obvious decision, but one that was hard to make. Memory chips were Intel’s core competence. They were at the heart of the company’s self-image. The transition was wrenching, said Intel chief Andrew Grove. But as a result, the company survived and prospered.
From now forgotten automobile companies like Studebaker to early technology leaders like Wang, the corporate landscape is littered with the bones of companies that couldn’t adapt to change. At bottom, say Foster and Kaplan, corporations are managed for survival. "They presume continuity in the business environment. They fail to introduce new products for fear of cannibalizing current product lines. They turn down acquisition opportunities to keep from diluting earnings. They prize rational decision making and internal control systems. They resist contrary information, and often punish managers who voice it. And all the while, capital markets are dedicated to finding and funding new competitors. Incumbents ignore this fact to their peril; if they don’t cannibalize their product lines, someone else will do it for them. Eiven the greatest of brand names are not immune. " As the authors ask rhetorically, would IBM even exist today had it stuck to its core business in mainframe computers? "Unless the corporation can learn to overcome the natural bias for denial," they write,"it will, in the long term, fail, or at best underperform."
The successful company, Foster and Kaplan conclude, is one that manages for discontinuity. It presumes change. It is comfortable with fluid and even vague decision making. It has relatively flat hierarchies. In short, it adopts the fearlessness of capital markets themselves. And it doesn’t have to be a start-up, or even a young company. Typical success stories include Coming, which shifted its business from glass to optical fiber just in time to capture a growing market, and General Electric, which dumped one fifth of its asset base in the first four years of Jack Welch’s tenure as CEO.
Not long ago, it was fashionable to liken business to warfare. Executives were reading Sun-tm, Machiavelli and Clausewitz for guidance on how to overcome the competition. But business differs from war in one vital respect. In war the advantage lies with the defense. In the New Economy, as Foster and Kaplan make clear, it belongs to the attacker. [br] The writer’s attitude towards Foster and Kaplan is______.
选项
A、reserved
B、ambiguous
C、favorable
D、neutral
答案
D
解析
态度题。作者在第二段提到了Foster和Kaplan在Creative Destruction一书中的观点,接下来第三段介绍了这两个人“非连续性转变”的概念。之后以Intel,IBM,Coming和GE为例,说明非连续性转变可以让公司起死回生,取得成功。全文围绕Creative Destruction一书的内容对Foster和Kaplan的观点进行论述,文中出现了如“the authors say”“Foster and Kaplan argue”“Foster and Kaolanconclude”等客观介绍性话语,并未涉及作者个人观点,可见,作者对于Foster和Kaplan的观点持中立态度,故[D]为答案。
转载请注明原文地址:https://tihaiku.com/zcyy/3245689.html
相关试题推荐
InflationInflation,asaneconomicphenomen
InflationInflation,asaneconomicphenomen
InflationInflation,asaneconomicphenomen
InflationInflation,asaneconomicphenomen
InflationInflation,asaneconomicphenomen
InflationInflation,asaneconomicphenomen
BydrawingontheWorldBank’sprojectionsofsocioeconomicdevelopmentove
BydrawingontheWorldBank’sprojectionsofsocioeconomicdevelopmentove
BydrawingontheWorldBank’sprojectionsofsocioeconomicdevelopmentove
BydrawingontheWorldBank’sprojectionsofsocioeconomicdevelopmentove
随机试题
甲骨文(oraclebonescript)指中国商代和西周早期刻在龟甲或兽骨上的文字,用于占卜(divine)或记事。它是中国最早的文字体系,是汉语
Wehavechosenwhatwebelievetobethefivemostspectacularnaturalwonder
根据《气体灭火系统设计规范》的总则规定,气体灭火系统的施工及验收,维护管理,除执
情感性精神障碍抑郁发作的精神症状是A.思维奔逸 B.情感淡漠 C.情感爆发
“一题多解,演绎推理”是()。A.再现思维 B.求同思维 C.辐合思维 D
中学化学教学内容的精髓是()。A.化学事实性知识 B.化学情谊类知识 C.
患者,男性,65岁,患肝硬化12年。2小时前呕鲜红色血液1000ml,血压90/
人在每一瞬间,将心理活动选择了某些对象而忽略了另一些对象。这一特点指的是注意的(
关于无效合同的说法,正确的有( )。A.无效合同不具有违法性 B.无效合同具有
对涉及结构安全的试块、试件及有关材料,应当在监理人员监督下现场取样并送()的
最新回复
(
0
)