In many countries of the world there is a growing feeling of uneasiness about the economic situation and its related social consequences. Every day the newspapers tell us that the recession is over, but we see only that scores of organizations go bankrupt, while others are struggling hard to stay in business; that many people have lost their jobs, but welfare measures are being reduced or abolished altogether. By now we should have become aware that our society is not facing temporary market difficulties, but a much deeper and wider crisis with only one root in worldwide economic developments, while other roots are social and psychological in nature. These factors are intertwined, and therefore the answer to the crisis cannot merely be an economic cost-benefit analysis of organizational management. Sociocultural factors participate in the economic process even at the level of individual organizations, and what happens in them has backlash influences on the entire society. Therefore the problem is not the management of the individual organization, but the macroconception of management, which in the Western world of today separates the economic aspects from the social ones, and the individual organizations from society. Social and Economic Management in the Competitive Society begins by analyzing the management models of today to determine which characteristics yield the best results on the economic and social levels. The second step is to indicate the necessary changes of managerial thinking and acting, in order to boost economic results with reasonable profits while minimizing social costs. Finally, the potential ramifications of such changes are explored.

"The claim that U.S. industry is in a crisis - that it stands at a turning point in its competitiveness with foreign rivals - seems on the face of it an objective description of the prevailing state of affairs. But what does "competitiveness" mean when it is used to describe an entire industry, an economy, a nation? What is the relationship between industrial competitiveness and the personal and social value placed on competition? What are the social roots of competition that have made it an enduring American value? How does the current competitiveness debate serve special interests seeking to preserve or extend their social power? The essays presented in Competitiveness and American Society, all written especially for this volume, address these and related questions. The answers they offer reveal the political character of the competitiveness debate, as well as the complexity and ambiguity of the value judgments with which competitiveness issues are entangled." "The perspectives taken by the authors range from the austerely economic, through the political and managerial, to the richly sociological. The opening essay rejects the possibility, let alone the factuality, of a national competitiveness crisis; the closing essay explicitly identifies the root causes of the crisis as national. Other essays look to relationships among culture, society, and industry in the U.S. and Japan as factors shaping America's competitiveness crisis, and the Western European response to that crisis. One essay explores mechanisms that would allow the public to play a constructive role in managerial decision-making; another explores the complications that have followed from mandating the management of resources in accordance with social values." "The common denominator of all of the essays is an engagement with the role that social value judgments play in determining the competitiveness of individual firms. For some, this role is broad and definitive; for others, it is narrowly circumscribed. Taken together, the essays in Competitiveness and American Society establish the need for wider participation in the debate over the competitiveness of U.S. industry than has been held so far. What is needed is a debate that addresses the quality of American life and the health of the industrial sector of the economy, a debate that opens for public deliberation the changes in personal and social values and institutions that will be required to shape that interdependence."--BOOK JACKET.Title Summary field provided by Blackwell North America, Inc. All Rights Reserved

Hunt convincingly demonstrates that competition is not about dividing up limited resources but about creating more resources and thus competition is pro-society. This truly interdisciplinary book successfully develops a general theory of competition which is rich in explanatory breadth and depth. Consequently, executives and entrepreneuers, management consultants, public makers, and scholars and students in economics, law, political science, and business should read and study this book. —Robert F. Lusch, University of Oklahoma This book develops a new theory of competition. This theory – labeled "resource-advantage theory" – stems from no single research tradition, but draws on several different traditions in economics, management, marketing, and sociology. In this ground-breaking volume, Shelby Hunt articulates R-A theory, uses the theory to explain and predict economic phenomena, and shows how (and why) it explains and predicts such phenomena.

"The spread of competition into all areas of society is one of the master trends of modern society. Yet, social scientists have played a surprisingly modest role in the analysis of its implications as the discussion of competition has largely been confined to the narrow context of economic markets. This book opens up competition for the study of social scientists. The central message of the book is that competition seems ubiquitous but it should not be taken for granted or be naturalized as an inevitable aspect of human existence. Its emergence, maintenance, and change are based on institutions and organizational efforts, and a central challenge for social science is to learn more about these processes and their outcomes. With the use of a novel definition of competition, more fundamental questions can be addressed than merely whether or not competition works. How is competition constructed--and by whom? Which institutional and organizational foundations need to be considered? Which behaviours result from competition? What are its consequences? Can competition be removed? And, how do these factors vary with the object of competition--be it money, attention, status, or other scarce and desired objects? The chapters in the book investigate these and more questions in studies of competition among and within schools, universities, multinational corporations, auditors, waste-disposal firms, and fashion designers and users. The chapters are written by scholars from several social science fields: management, organization studies, sociology, anthropology, and education"--Publisher's website.

One of America's most distinguished economists, Neil H. Jacoby has served as a public member of the Phase II pay board, an economic adviser to President Eisenhower, founding dean of UCLA's Graduate School of Management, and a consultant to numerous government agencies and private corporations. In "Corporate Power And Social Responsibility" he gives a thorough, objective "social assessment" of the American corporation. He identifies trends which point to a changing corporate role at home and abroad and he offers creative reforms of corporate and public policy which will promote a more "just, efficient, creative and democratic society." Jacoby finds no evidence to support New Left charges that the U.S. has become a "corporate state." In fact, he says, corporate political power is waning, conglomeration is tapering off, the corporate share of the nation's wealth is holding steady at 28%. Competition, says Jacoby, is on the increase. Where price and quality of materials and manufacturing were once the only factors, mushrooming technology, new business practices and new markets have created new competitive pressures. An increasing variety of product features, services, warranties, credit terms and trade-in allowances have multiplied consumer choices. As a smaller and smaller proportion of personal income is spent on necessities, competition between different kinds of products has become more important (should discretionary income go for a sail boat or a trip to Europe?). In many industries, increasing competition from foreign manufacturers is a factor. Rapid changes in business practices and technology have even made potential competition from entering firms and new products animportant consideration. Still, Jacoby sees much need for improvement. He proposes measures to increase the political power of the consumer, upgrade the performance of boards of directors, expand the involvement of stockholders in company decision-making, encourage environmental responsibility, and make defense companies function efficiently. For the future, Jacoby predicts the continued decline of corporate power as government regulation expands and new, competing interest blocs spring up. At the same time corporations will become more responsive to changing social values and priorities. The rapid growth of multinational firms, he believes, will increase the stability of the world order and promote the growth of regional and world-wide political organization.

Annotation. Originally published in 1956.

In the context of recent changes in the economic and social spheres, one of the most important topics of interest for researchers is the analysis of the way in which social economics and entrepreneurship may be used as successful approaches in social work. This type of approach has seen a remarkable increase in popularity, and has implications for social, economic, and political organisations, as well as for the design of governing policies and strategies at local, regional, national, and even international levels. Social Economics and Entrepreneurship deals with core topics such as social economics management, human resources, and the impact of economics on social development. The book will appeal mainly to researchers involved in these fields, though the 21 essays compiled here are also a useful starting-point for a wider audience wishing to familiarise themselves with these subjects.