Important reading for professionals in all areas of international business and for Transnational Marriages in the Steel Industry: Experience and Lessons for.
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- Experience and Lessons For Global Business
- Transnational Marriages in the Steel Industry
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In doing so they show how the world steel industry emerged into a group of international joint ventures and how in each of these transnational marriages the whole became greater than the sum of its parts. Among the authors' main points are: Important reading for professionals in all areas of international business and for their colleagues in the academic community.
Included in each case study is a history of the firms and the emerging joint venture. Authors described the condition of facilities, the rehabilitation and construction of new facilities, the financial relationships between firms and the sources of funding, and their corporate structures. Cultural differences between firms and their impact on the success of the relationship are examined closely, with particular emphasis on personnel selection, training supervision, labor relations, retention and promotion policies and policies on tenure and layoff. Authors look at labor productivity and the use of participative management and other team approaches, relating them to such measurable variables as product quality, corporate profitability, and indeed the ultimate survival of each newly created firm.
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From there the authors show how the experiences of the steel industry and the lessons learned from its transnational alliances can be applied to other industries and to their own joint ventures. A former steelworker and steel industry arbitrator, with doctorates in both economics and law, he is author of more than 50 books and monographs and numerous scholarly articles.
He has been an economic adviser in more than 30 countries and has served in legislative and executive positions in the U. He holds a doctorate in economics and among other positions serves on the Board of Directors of the Korean Development Bank and as a consultant to Pohang Steel Company, Korea. He received his doctorate in management from UCLA and is author of numerous articles, conference papers, research projects and presentations. He is also an editorial board member and a reviewer for various academic journals in international business.
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Experience and Lessons For Global Business
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Transnational Marriages in the Steel Industry
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