International Differences in the Business Practices and Productivity of Firms

International Differences in the Business Practices and Productivity of Firms

Richard B. Freeman and Kathryn L. Shaw

Print publication date: 2013

ISBN: 9780226261942

Publisher: University of Chicago Press

Abstract

In recent years, globalization and the expansion of information technologies have reshaped managerial practices, forcing multinational firms to adjust business practices to different environments and domestic companies to adjust to their foreign competitors. This book examines the phenomenon of widespread differences in managerial practices across firms, establishments within firms, and countries. This volume brings together eight studies that combine qualitative and quantitative insider analysis of business practices such as the use of teams, incentive pay, lean manufacturing, and quality control, revealing the elements that determine which practices are adopted and why. The book aims to offer a much-needed model for measuring the productivity and performance of international firms in a fast-paced global economy.