CAPABILITIES AND CAPITAL INVESTMENT: NEW PERSPECTIVES ON CAPITAL BUDGETING
Carliss Y. Baldwin, Kim B. Clark
Abstract
Carliss Y. Baldwin, Kim B. Clark
Abstract
In the half century since World War II, U.S. companies have lost their dominant position in virtually every major industry. While some loss of market power was inevitable as other economies rebuilt and reached their own potential, today there is widespread concern that the U.S. has lost its competitive edge in technology and manufacturing. Among those who believe a problem exists, the most frequently cited cause of corporate America's lack of competitiveness is its failure to invest.
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In the half century since World War II, U.S. companies have lost their dominant position in virtually every major industry. While some loss of market power was inevitable as other economies rebuilt and reached their own potential, today there is widespread concern that the U.S. has lost its competitive edge in technology and manufacturing. Among those who believe a problem exists, the most frequently cited cause of corporate America's lack of competitiveness is its failure to invest.
Key concepts: Management, Capital (architecture), Business history, Sociology, Economics, History, Archaeology