The mind of the strategist: The art of Japanese business

The mind of the strategist: The art of Japanese business

Recent Books and exhaustible resources and human capital. The changed importance of some topics has led to the reorganization of chapters. The theory...

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Recent Books

and exhaustible resources and human capital. The changed importance of some topics has led to the reorganization of chapters. The theory of the consumer, the theory of the firm, and the analysis of multimarket equilibrium each now occupies two chapters. The second edition’s chapter on linear models has been eliminated and some of its material introduced into other chapters. For graduate and advanced undergraduate students with one year of calculus. The Mind of the Strategist:

The Art of Japanese Business. Kenichi Ohmae. New York: McGraw-Hill, 1982. 283 pp. $16.95. Ohmae, an internationally known Japanese management expert, explains how the Japanese have used strategy-in the classical military sense-to deploy their economic forces to achieve a competitive advantage in the world marketplace. He explores the concepts that define strategic thinking for management, showing how to isolate the critical issues and develop strategies that meet those issues and bring success. He cites examples involving such companies at Datsun, Sony, Mitsubishi, and Fuji to demonstrate creative strategic minds in action. In order to ensure a sustained competitive advantage, Ohmae admonishes, it is necessary to integrate the objectives, the strengths, and the needs of the company, the consumer, and the competition. For top executives, management consultants, and American business readers in general. Macroeconomics: An Intermediate Text. Michael G. Hadjimichalakis. Englewood Cliffs, NJ: Prentice-Hall, 1982. 670 pp. $22.95. Hadjimichalakis’s text incorporates all the recent advances in theory that are relevant to the actual workings of the entire economy and to the actual conduct of economic policy. Thus, in addition to the traditional classical and Keynesian approaches, the author examines in a dispassionate manner recently advanced models, such as the monetarist, expectational, and supply-side macroeconomic models. Throughout, he uses a dynamic approach that evolves historically and that relies on microeconomic foundations. By establishing his macroeconomic analysis on a firm microeconomic foundation and by incorporating microeconomic terminology into his analysis, he bridges these two areas of study. An analytically precise, but easy-to-understand text for students with a limited background in math. Modern

Qualitative Analysis and Econometric Estimation of Continuous Time Dynamic Models. Giancarlo Gandolfo with contributions by 494