search query: @indexterm STRUCTURAL CHANGE / total: 382
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| Author: | Miller, P. O'Leary, T. |
| Title: | Capital budgeting practices and complementarity relations in the transition to modern manufacture: A field-based analysis |
| Journal: | Journal of Accounting Research
1997 : AUTUMN, VOL. 35:2, p. 257-271 |
| Index terms: | CAPITAL BUDGETING DESIGN MANAGEMENT STRUCTURAL CHANGE FLEXIBILITY MANUFACTURING INDUSTRY ORGANIZATION |
| Language: | eng |
| Abstract: | This article presents a descriptive and qualitative study of how capital budgeting practices at Caterpillar Inc. were redesigned to accommodate a shift from mass production technologies to modern manufacturing systems characterized by specialisation and flexibility. The study describes how the firm's capital budgeting practices shifted from considering incremental asset purchase proposals to considering proposals to purchase sets of diverse but mutually reinforcing assets. The description of the shift in Caterpillar's capital budgeting practices illustrates how one company produced an operational model of complementary relations. |
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