"Market forces determine the success of any management innovation". Do you agree?

What will be an ideal response?

Yes. Consider the success of TQM in the 1990s. It was competition from the Japanese in the auto industry that forced U.S. companies to adopt TQM methods. Any management innovation is bound to be successful as long as market survival is at risk. Most management innovations fail because they usually serve to placate the unruly workers and create a busy work schedule. "Assessment" in higher education is a good example of the management innovation that serve to placate the unruly workers and create a busy work schedule.

Economics

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Distinguish between saving and savings. How does investment relate to this distinction, if at all?

What will be an ideal response?

Economics

Assume the price of good X is Px, price of good Y is Py, and B is the budget. The formula for the budget line for these two goods is:

a. PyQy / PxOx. b. PxB + PyB = B. c. PxX + PyY = B. d. (1 ? Py / B) Px.

Economics