search query: @author Cassels, J. / total: 2
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| Author: | Cassels, J. |
| Title: | Trade, manufacturing and the far-sighted manager in Britain |
| Journal: | World Economy
1985 : DEC, VOL. 8:4, p.409-410 |
| Index terms: | MANUFACTURING INDUSTRY PROFITABILITY COST REDUCTION |
| Language: | eng |
| Abstract: | In recent years the role of manufacturing industry has been called into question, increasingly so since 1983 when for the first time imports of manufactured goods exceeded exports. During the painful slimming process at the beginning of the eighties managements had to take every actions to cut costs and improve cash flow in order to survive. They shed quite a lot of fat but they also cut out other things which were highly desirable but simply could not be afforded. The main factors were innovation, training and opening up of new overseas markets. All of them are investments for the future, but expenditure on them shows up immediately on the profit-and-loss account without any assets appearing on the balance sheet. |
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