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There's a scene in Lewis Carroll's Through the Looking Glass in which the Red Queen, having just led a chase with Alice in which neither seems to have moved from the spot where they began, explains to the perplexed girl: "It takes all the running you can do, to keep in the same place." Evolutionary biologists have used this scene to illustrate the evolutionary arms race among competing species. William Barnett argues that a similar dynamic is at work when organizations compete, shaping how firms and industries evolve over time. Barnett examines the effects--and unforeseen perils--of competing and winning. He takes a fascinating, in-depth look at two of the most competitive industries--computer manufacturing and commercial banking--and derives some startling conclusions. Organizations that survive competition become stronger competitors--but only in the market contexts in which they succeed. Barnett shows how managers may think their experience will help them thrive in new markets and conditions, when in fact the opposite is likely to be the case. He finds that an organization's competitiveness at any given moment hinges on the organization's historical experience. Through Red Queen competition, weaker competitors fail, or they learn and adapt. This in turn heightens the intensity of competition and further strengthens survivors in an ever-evolving dynamic. Written by a leading organizational theorist, The Red Queen among Organizations challenges the prevailing wisdom about competition, revealing it to be a force that can make--and break--even the most successful organization.

Competition. --- Competition --- Competition (Economics) --- Competitiveness (Economics) --- Economic competition --- Commerce --- Conglomerate corporations --- Covenants not to compete --- Industrial concentration --- Monopolies --- Open price system --- Supply and demand --- Trusts, Industrial --- Economic aspects

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This study sheds light on the efficiency of corporate control allocation in Chinese listed firms. Using a panel data set for the period 1996 to 2006, it examines the frequency, causes and consequences of changes in corporate control. The results indicate that poorly performing firms are the predominant targets of control changes; shareholder and creditor control generally act as a complement for changes in control. Following the change in ownership there is a substantial amount of corporate restructuring and an improvement in operating performance. Significant differences in these dimensions emerge, however, between State and private transfers of control. The findings not only provide insights into the motives and constraints of the key players involved in governance practices in China; but they also contain useful implications for other emerging markets around the world that have weak legal systems and weak property rights protection.

Corporate governance --- Business enterprises --- Government ownership --- Industrial policy --- China --- Economic policy --- Development economics. --- Industrial organization. --- Finance. --- Development Economics. --- Industrial Organization. --- Finance, general. --- Funding --- Funds --- Economics --- Currency question --- Industries --- Organization --- Industrial concentration --- Industrial management --- Industrial sociology --- Economic development

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This book focuses on the role of information and communication technologies for economic integration, networking and growth. Technological and regulatory dynamics are highlighted with respect to EU countries and the US. The analysis deals with the main issues of rational regulations in open economies. Schumpeterian developments and dynamic efficiency gains are crucial for Europe in the context of telecommunications competition and network modernisation – achieving the goals of the Lisbon Agenda requires adequate incentives for investment and solid capital market prospects. Economic progress in the digital knowledge society will be characterised by enormous structural change and the growth of digital services. New policy conclusions at both the national and international levels – including welfare analysis – are presented.

Economic policy. --- Industrial organization. --- Economic Policy. --- R & D/Technology Policy. --- Industrial Organization. --- Industries --- Organization --- Industrial concentration --- Industrial management --- Industrial sociology --- Economic nationalism --- Economic planning --- National planning --- State planning --- Economics --- Planning --- National security --- Social policy --- European Union countries --- Economic integration.

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As one examines worldwide economic growth over the past decade, it is clear that the U.S. economy has surpassed most of the industrialized world, both in its rate of growth and its ability to create wealth. Entrepreneurship is critical to this growth—entrepreneurs recognize the potential of new ideas, design applications, develop new products, and successfully bring products to market. They build companies and create jobs, generating new opportunities for wealth creation. An often overlooked opportunity for entrepreneurship is the market segment known as emerging domestic markets (EDM). These low- to moderate-income communities, ethnic- and women-owned firms, and underinvested urban areas represent a rapidly growing component of the U.S. population. Smart investors seeking untapped opportunities are homing in on such markets. Visionary policy-makers recognize that given current demographic trends, America’s national economic health depends increasingly on the vitality of EDM businesses. At the same time, it is clear that fostering entrepreneurship in emerging domestic markets is challenging on many levels. Entrepreneurship in Emerging Domestic Markets: Barriers and Innovation explores the key issues surrounding EDM entrepreneurship. Leading researchers and practitioners from the fields of finance, entrepreneurship, economics, and government delve into data to identify the significant stumbling blocks and pose workable solutions. With this volume, the editors aim to provide scholars, investors, policy-makers, advocates, and the business community a tool to help leverage the significant entrepreneurial resources in emerging domestic markets. "What a refreshing and important volume! The reader will learn, contrary to some microcredit adherents, that not everyone is an entrepreneur, and that new businesses started by poor people fail at an exceptionally high rate. Net result: perhaps credit is overestimated as a solution to poverty. Instead, the poor need secure, well-paying jobs, which is what real entrepreneurs can provide. What does it take, and what has it taken in the past, to encourage these entrepreneurs? What has stymied their progress? Barth, Yago, and Zeidman have gathered a set of papers that you will want to read." Gerard Caprio, Jr. Professor, Economics Department and Chair Center for Development Economics, Williams College "This book advances our understanding of the complexity and intractability of economic development in emerging U.S. domestic markets. Its underlying thesis is both intuitively appealing and sustained by research reported here: entrepreneurs are most likely to be the transformational leaders in these markets. Thoughtful practitioners, government policy-makers, and academic researchers will find this volume to be a stimulus to sound reflection." Robert F. Bruner Dean and Charles C. Abbott Professor of Business Administration and Distinguished Professor of Business Administration, Darden Graduate School of Business Administration, University of Virginia .

Entrepreneurship. --- Industrial policy. --- Entrepreneur --- Intrapreneur --- Capitalism --- Business incubators --- Business --- Industries --- Industry and state --- Economic policy --- Government policy --- Industrial organization. --- Economic growth. --- Social policy. --- Industrial Organization. --- Economic Growth. --- Social Policy. --- National planning --- State planning --- Family policy --- Social history --- Development, Economic --- Economic growth --- Growth, Economic --- Economics --- Statics and dynamics (Social sciences) --- Development economics --- Resource curse --- Organization --- Industrial concentration --- Industrial management --- Industrial sociology

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Financial researchers extensively discuss the efficiency of capital markets and the existence of possible misreactions in the information incorporation process. Christian Funke aims at developing a better understanding of a central asset pricing issue: the stock price discovery process in capital markets. He provides new evidence on the information incorporation process at the single-firm, industry, and cross-industry level. In three essays that display original empirical research using U.S. capital market data, he investigates the importance of mergers and acquisitions (M&A) for stock prices and examines economic links between customers and supplier firms. Return predictability at the single-firm, industry, and cross-industry level are documented which support the view of behavioral finance researchers that capital markets are not perfectly efficient.

Competition. --- Pricing. --- Price policy --- Price policy, Industrial --- Retail pricing --- Marketing --- Competition --- Competition (Economics) --- Competitiveness (Economics) --- Economic competition --- Commerce --- Conglomerate corporations --- Covenants not to compete --- Industrial concentration --- Monopolies --- Open price system --- Supply and demand --- Trusts, Industrial --- Economic aspects --- Public finance. --- Finance. --- Public Economics. --- Finance, general. --- Funding --- Funds --- Economics --- Currency question --- Cameralistics --- Public finance --- Public finances