Topic
Managerial economics
About: Managerial economics is a research topic. Over the lifetime, 1524 publications have been published within this topic receiving 83965 citations.
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01 Jun 2002
TL;DR: In this article, the authors make a modest contribution to how performances of both management schools and actually trained and future business managers should be improved in order to successfully face the challenges of the next century.
Abstract: As globalisation is not anymore a dream or a simple idea, but a real and hard fact, a number of important aspects are becoming strategic issues. Among others, one could namely mention the out-borders transfer of goods, services, funds or capital, technology, manpower, information and scientific and technological knowledge. Obviously, industrial firms, business companies, financial, educational and research institutions are all and directly concerned. As the act of management implies necessarily taking decisions about all activities concerning all forms of organisations, overall performance could not be high, thus the integration into the world economy successful, unless if decisions makers are themselves well trained and armed. This should imply the following requirements: Acquiring modern conceptual tools; Being aware of best practice techniques; Having good imagination and wide culture; And mastering a number of languages. Henceforth, a high quality management education, both in public and private institutions, becomes absolutely essential. Consequently, any graduate lacking such requirements would be a bad manager of the future. The present author has a relatively long teaching experience in management sciences and managerial economics; He also has some deep thoughts about inadequacies of management training, in some of theMaghrebcountries, to the present global market conditions. On this basis, he wishes to make a modest contribution to how performances of both management schools and actually trained and future business managers should be improved in order to successfully face the challenges of the next century. In essence, he believes that the opening of private business schools in developing countries cannot be left to become a matter of financial opportunities or a simple privatisation issue. The content of courses and the teaching methods are critical questions.
1 citations
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TL;DR: Wang et al. as discussed by the authors proposed five exploratory development directions of power sale busi-ness in the future competitive market environment, which provides references and basis for electric power company or future newly established power sale company in making strategy planning on pow-er sale business.
Abstract: In order to help the power sale company to betteradapt to future competitive market, this paper applies interpreta-tion of managerial economics on competitive market, and conductsstudy on competitive behavior characteristics of power sale compa-ny in the severe competitive market, by combination with develop-ment trends of domestic power sale market. This paper has pro-posed five exploratory development directions of power sale busi-ness in the future competitive market environment, which providesreferences and basis for electric power company or future newly es-tablished power sale company in making strategy planning on pow-er sale business.
1 citations