Management, Productivity, and Growth.

by Charles Wolf, Jr.

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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.

This report is part of the RAND Corporation Paper series. The paper was a product of the RAND Corporation from 1948 to 2003 that captured speeches, memorials, and derivative research, usually prepared on authors' own time and meant to be the scholarly or scientific contribution of individual authors to their professional fields. Papers were less formal than reports and did not require rigorous peer review.

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