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Ribbit Wins a Ribbon

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      It was a lovely summer day – nice and warm, not too hot. Ribbit hopped down to the pond and decided to tan her legs. She was lying lazily on a lily pad, half asleep. Whenever she felt a little movement in the air, she quickly stuck out her long tongue and caught a fly. Then she caught a grasshopper. Before Ribbit could eat the grasshopper, it cried out “Wait! If I could teach you how to hop better, would you let me go?” Ribbit thought about the frog race that was about to start in the big, open field. Ribbit didn’t enter the races because most of the other frogs were bigger or had stronger legs than her. “OK,” said Ribbit. The grasshopper said, “I’ve been watching all you frogs hop and you’re really not very good at it. Some of you are too big and fat and others hop too hard. That’s why you hop a little bit and then have to rest. I’ll show you how to be a better hopper. When you hop, lean your body forward, push your face up and out and stick out your tongue. That’l...
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China's Economy, Politics, and Demography

    Overview China has been a spectacular economic success story. After the death of Mao in 1976, a more pragmatic group of Communist leaders seized power and began to change China. Their model was Singapore, whose population was mostly Chinese. Singapore’s economic growth model was that the dominant political party would direct economic growth. It invested in infrastructure, including condos for most of its population. It directed investment. It invited foreign companies to invest in the country. It became part of the global economy. China did much of the same but since it was much larger, it had to go further. It liberalized agriculture, going from huge communes to allowing individual farmers to rent land. That doubled food production. Then it concentrated on manufacturing, with favorable laws on taxation. Foreign companies were invited in but they had to partner with a Chinese company, which accelerated China’s absorption of foreign technology and management. After catching...
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Corporate Growth Strategies

Corporate Growth Strategies  INTRODUCTION The ideas and analysis of the prior chapters can be used as the basis for corporate strategies to drive corporate growth and development. The trends and dynamics of economic development and economic growth determine corporate strategies. This chapter will use the ideas of opportunity cost, the role of information systems, and the mix of defensive and innovation strategies to explore corporate strategies. It is not just a question of corporate growth. It is also a question of corporate survival. Statistical evidence indicates large public companies are disappearing at increasing rates. Companies and their managers have to adapt to changes in the external environment if they are to stay competitive. They must react when there are changes like a shift in consumer tastes, new production technology, new competing products or services, new software to manage the company, new competitors, or changes in the macro economy.  Survival in the...
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