A paper presented to the Top Management Symposium of the Asian Productivity Organization on the process of accelerated economic growth. Increases in total factor productivity and a vigorous market mechanism are essential characteristics of rapid growth in developed as well as less-developed countries. The role of top management--innovating and guiding potential sources of increased productivity--is vital in this process, suggesting that attention be given to a number of priority issues. Among them: applications of improved analytical and decisionmaking techniques; appropriate use of new computerized information systems; optimization of R&D expenditures by drawing on the available pool of technical knowledge, especially in less-developed countries; increasing efficiency through acquisition and merger; and exploration of advantages of economic cooperation and regionalism. 17 pp.