Strategic management under duopoly

Article Abstract:

The incentive structures of managers in a duopoly was examined in a general conjectural variation model. The issue of incentives is important because the ownership of modern corporations are separate from their management. In the conjectural model, the owners of both firms offer contracts to their managers stipulating rewards for sales and profits attained. The managers of both firms will later initiate an oligopoly game with the intention to maximize profits under their incentives. It was concluded that owners will tailor their incentive structures to their managers with the intention to increase profits while considering the activities of competing managers.

Strategic planning (Business), Incentives (Business), Duopolies

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In defense of corporate myopia

Article Abstract:

The short term perspective of US corporations was cited as one of the factors behind their alleged declining productivity and competitiveness. This perspective, called corporate myopia, is manifested by a focus on short-term profits and a high level of time preferences. While the longer term focus of Japanese and European firms may have social or cultural underpinnings, there are indications that they limit competition through collusive market practices. A shift to a longer term perspective could result in unfavorable consequences such as an increase in rent-seeking activities, inefficiency and the distortion of incentives due to additional taxes.

Competition (Economics), Corporations

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Organizational structure and the internal economy of the firm: the UK insurance industry

Article Abstract:

A study was conducted to evaluate the organizational structures in the UK insurance industry. The study adds to the volume of information concerning management of large business enterprises and deviates from the standard practice of focusing on manufacturing firms by dwelling on a service sector industry such as insurance. Results suggest that UK insurance companies have not maximized organizational structures.

United Kingdom, Management, Insurance industry

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