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Corporate finance
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The Death of Management: Restoring Value to the U.S. Economy : Praeger : 9780313362125 : 0313362122 : 22 Jun 2009 : Management as we know it has been the driver of business growth in U.S. economies for a couple of centuries. Yet the practice of management is no longer focused on creating real value. Instead, it is now all about using sophisticated financial techniques-and practices like outsourcing and downsizing, among others?to improve profitability. Such addition through subtraction results in higher profits in the short term but puts the corporation and its employees at risk in the long term?not to mention the entire U.S. economy. Innovation and productivity improvement, corporate manager Jack Buffington argues, are lost arts in American business. So is getting back to basics the answer? Buffington's provocative thesis: Management as we know it probably can't be repaired. It must be replaced. Asian economies, meanwhile, are growing by leaps and bounds thanks in part to short-ter
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