A look at the inner workings of German business draws on extensive interviews with German managers and workers to explore the rigorous apprenticeship system that provides Germany with the most highly skilled labor force in the world. 25,000 first printing.
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An informative introduction to the widening world of German business. In the wake of reunification and on the eve of Europe's final push toward socioeconomic integration, Forbes correspondent Glouchevitch offers an authoritative, anecdotal audit of an industrial/commercial power that, in its comparatively unobtrusive way, poses as great a challenge to US interests as does Japan. Among other elements contributing to the Federal Republic's post-WW II economic success, Glouchevitch points to a rigorous apprenticeship system that gives German companies highly skilled workers; the pivotal role played by mid-sized enterprises (collectively known as the Mittelstand); and a domestic banking network that not only holds substantive equity stakes in client corporations but also has a hand in virtually all of the country's significant financial transactions. Covered as well are the factors underlying the commitment of indigenous executives to product quality and service, plus their tolerance for the high taxes that underwrite the nation's many social programs. While bullish on the competitive prospects of German industry in global markets, the author does not ignore a dark past during which the nation employed slave labor to equip the Nazi war machine. Nor does he overlook the willingness of a few concerns to evade export controls and supply advanced armament technology to such international renegades as Iraq and Lybia. Dirty business apart, Glouchevitch points out that Deutschland commerce faces a fair share of short-run problems-- among others, the cost of absorbing East Germany, which has proved higher than anticipated. In addition, the author speculates that the current cozy relationships between management and unions could prove casualties of the European Community's drive toward integration. Glouchevitch nonetheless concludes that German business remains eager to cooperate with, rather than to dominate, its trading partners on the Continent and elsewhere. Insightful perspectives on an economic force to be reckoned with. -- Copyright ©1992, Kirkus Associates, LP. All rights reserved.From Library Journal:
The author, a contributor to Forbes 's German edition, uses the analogy of a juggernaut for reunited Germany's muscular approach to business. A more apt symbol, judging by Glouchevitch's expert portrayal, might be a gray, turbocharged Mercedes sedan: unostentatious but technically superb, able to rule the passing lane of the Autobahn of international business. As does Lester Thurow's Head to Head: The Coming Economic Battle Among Japan, Europe, and America ( LJ 4/15/92), this book describes an unflashy, homogeneous community of business leaders, generally trained in technologies rather than financial card-shuffling. Firms have thrived in part on obfuscatory accounting principles that mask huge assets and shield firms from hostile takeovers. Post-1945 Germany has fostered a "social market" along with economic markets, endowing the Federal Republic with effective health, welfare, and training programs. Reunification has stressed but not fractured either the society or the economy, and incorporating the former German Democratic Republic should ultimately be an octane boost for the country the author foresees at the head of an ascendant Europe. Recommended for all business collections.
- Mi chael Stevenson, Harvard Business Sch. Lib.
Copyright 1992 Reed Business Information, Inc.
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Book Description Simon & Schuster. Hardcover. Book Condition: New. 0671744100 Ships promptly. Bookseller Inventory # Z0671744100ZN
Book Description Simon & Schuster, 1992. Hardcover. Book Condition: New. Bookseller Inventory # DADAX0671744100
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Book Description Simon & Schuster, New York, NY, U.S.A., 1992. Hardcover. Book Condition: New. Dust Jacket Condition: New. 1st Edition. New copy. Bookseller Inventory # 000604
Book Description Simon & Schuster, 1992. Hardcover. Book Condition: New. Never used!. Bookseller Inventory # P110671744100