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Innovation: how to harness it

Article Abstract:

The lack of competitiveness of European companies in the global market is often blamed on external factors such as lack of government support, protectionist trade barriers, or lack of investment in research and development. Competitiveness is primarily an internal issue, however. Developing new technology is important, but it is even more important for corporations to invest in developing their managers. Investing in management entails learning the techniques that make organizations successful. Managers should develop a thorough understanding of successful companies in other fields as well as learning about their own organizations.

Analysis, Innovations, International competition (Commerce), International competition (Economics)

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There's no substitute for good management

Article Abstract:

Accountants can make an important contribution to the success of their companies by practicing effective business administration. The elements of business administration are: a sound transaction recording system, a business plan, relevant management information, regular financial reporting, strong cash controls, and attention to detail. Accountants should develop communication and leadership skills in addition to purely technical ones.

Accountants

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The missing link

Article Abstract:

Issues concerning the independence of public company directors are examined. The board of directors should be independent of the Chief Executive Officer to ensure the company fulfils its potential and maximizes shareholders' returns.

Corporate directors, Practice

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