The Hollow Ring of The Productivity Revival  

Oleh:

Roach, Stephen S.

Jenis: Article from Bulletin/Magazine - ilmiah internasional
Dalam koleksi: Harvard Business Review bisa di lihat di link (http://web.b.ebscohost.com/ehost/command/detail?sid=f227f0b4-7315-44a4-a7f7-a7cd8cbad80b%40sessionmgr114&vid=12&hid=105&bdata=JnNpdGU9ZWhvc3QtbGl2ZQ%3d%3d#db=bth&jid=HBR) vol. 74 no. 6 (1996), page 81-91.
Topik: productivity; business & society; capital investments; economic analysis; economic policy; layoffs; productivity; restructuring; technological change

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Perpustakaan Pusat (Semanggi) Nomor Panggil: HH10.11 Non-tandon: 1 (dapat dipinjam: 0) Tandon: tidak ada

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The U. S. economy has been on the upswing for more than four years. Inflation is low, corporate profits are up, and the stock market has risen beyond anyone's dreams. Such changes are the by - product of the wrenching restructuring undergone by corporate America over the past decade - changes that indicate an apparent leap in productivity. But the picture may not be so rosy, warns Stephen B. Roach, chief economist of Morgan Stanley. The boost in productivity in recent years has been achieved by cost cutting, in particular, downsizing. And cost cutting does not produce real long - term gains in productivity. Rather, it leads to onetime increases in efficiency, as the surviving members of a workforce generate more output. Roach calls for a new productivity agenda in the United States. Public and private investment in education and technological innovation are essential. But corporate America must also swallow its medicine by rebuilding capacity and hiring new workers. A continued fixation on downsizing will wipe out opportunities for growth.

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