Article Abstract:
The limited life consortium company (LLCC) is presented as a new tool for the effective management of supplier chains in the automobile industry. In this product-specific format, the major suppliers of materials and services are enjoined to act as shareholders in the consortium, where their shareholding matches their investment in tangible and intangible product-specific assets. These suppliers would at first provide goods and services without charging the consortium and would be paid only when the original equipment is sold. The implication of the LLCC format is the rearrangement of the responsibilities, risks and rewards among the participants in the chain. This organization is proposed for the collaboration between Mercedes and Schweizerische Gessellschaft fur Microelektronik und Uhrenindustrie AG for the production of the SMART car.
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Article Abstract:
Companies set up before 1800 and surviving to near the end of the 20th century, seem to have distinctive management styles based on primary research, use of a survey, into the nature of long-term British companies, which number 214. The theoretical context is from literature on corporate longevity and on complexity theory. Conservatism in finance is apparently a characteristic of companies surviving for long periods. Usually they are not forced to prioritize profits/shareholder value above other considerations. Companies seem to have the choice of profitability and growth or financial strength, which goes with high life expectancy and with a tolerant management style. Low tolerance and strong hierarchical controls go with top-level financial performance.
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Article Abstract:
Analysis of corporate strategic planning is best conducted not on the firm itself, but on that firm's network of suppliers which provide materials and services. This network, along with appropriate staffing and knowledge management techniques, offers the best assessment of a company's strategy.
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