At 6:08 PM 1/11/95 -0800, R. Anders Schneiderman wrote: >One more question: how do mainstream economists explain the failures of >IBM, GM, etc. in the late 70s and 80s? Technology changed. Markets got more competitive and internationalized. IBM and GM grew fat and overstaffed and were outdone by more nimble competitors - Compaq and Dell, Honda and Toyota. Management was too insultated from external pressures (stockholders and product markets). The new order - assertive stockholders and open markets - has changed all that. Doug Henwood [[EMAIL PROTECTED]] Left Business Observer 250 W 85 St New York NY 10024-3217 USA 212-874-4020 voice 212-874-3137 fax
