It is frequently argued that U.S. corporations have shorter time horizons for planning and investment than their Japanese and German competitors. This argument, though widely accepted in studies of U.S. competitiveness, has rarely been examined in depth. Time Horizons and Technology Investments explores the evidence that some U.S. corporations consistently select projects biased toward short-term return and addresses factors influencing the time-related preferences of U.S. corporate managers in selecting projects for investment. It makes recommendations to policymakers and managers about policies to mitigate negative external influences and about strategies to remove internal biases toward noncompetitive decisions.

A comprehensive textbook that integrates tools from technology, economics, markets, and policy to approach energy issues using a dynamic systems and capital-centric perspective. The global energy system is the vital foundation of modern human industrial society. Traditionally studied through separate disciplines of engineering, economics, environment, or public policy, this system can be fully understood only by using an approach that integrates these tools. This textbook is the first to take a dynamic systems perspective on understanding energy systems, tracking energy from primary resource to final energy services through a long and capital-intensive supply chain bounded by both macroeconomic and natural resource systems. The book begins with a framework for understanding how energy is transformed as it moves through the system with the aid of various types of capital, its movement influenced by a combination of the technical, market, and policy conditions at the time. It then examines the three primary energy subsystems of electricity, transportation, and thermal energy, explaining such relevant topics as systems thinking, cost estimation, capital formation, market design, and policy tools. Finally, the book reintegrates these subsystems and looks at their relation to the economic system and the ecosystem that they inhabit. Practitioners and theorists from any field will benefit from a deeper understanding of both existing dynamic energy system processes and potential tools for intervention.

Innovation, "the process by which firms master and get into practice product designs and manufacturing processes that are new to them," is vital for companies wishing to remain competitive in today's rapidly changing high technology industries. American and Japanese firms are among the world's most technologically innovative and competitive. However, the changing dynamics of global competition are forcing them to rethink their technological innovation strategies. The choices they make will have great impact on their futures as companies as well as on the livelihoods of their employees and the communities in which they operate. In order to understand the ways in which Japanese and American companies are changing their technological innovation strategies and practices, the Committee on Japan of the National Research Council and the Committee on Advanced Technology and the International Environment (Committee 149) of the Japan Society for the Promotion of Science (JSPS) organized a bilateral task force composed of leading representatives from industry and academia to assess developments in corporate innovation strategies and report on their findings. Through a workshop discussion of the issues and subsequent interaction, the task force explored the institutional division of innovation in both countries: the structure and performance of technology-based industries, the role of the government in the support of science and technology, and the role of universities in the science and technology system. The task force was particularly interested in exploring the points on which the two systems are converging,-i.e., becoming more similar in strategy and practice-and where they continue to be distinct and different. Although a comprehensive study of these trends in U.S. and Japanese innovation was not easily feasible, the task force was able to develop several conclusions based on its workshop discussion and follow-up interactions that were substantial in time and content. This report identifies a set of issues whose further elucidation should be helpful in guiding public policy in both nations. These issues include the role of external sourcing of innovation, transnational activity and globalization, the organization and performance of R&D, and the role of consortia, joint ventures and other joint activities. A call for greater international efforts to collect and analyze data on these important trends is the central recommendation of the task force.

Clean Power Politics explains clean energy policy and the need for a successful transition to clean energy in the future.

The ability of the United States to sustain a dominant global position in biotechnology lies in maintaining its primacy in basic life-science research and developing a strong resource base for bioprocess engineering and bioproduct manufacturing. This book examines the status of bioprocessing and biotechnology in the United States; current bioprocess technology, products, and opportunities; and challenges of the future and what must be done to meet those challenges. It gives recommendations for action to provide suitable incentives to establish a national program in bioprocess-engineering research, development, education, and technology transfer.

This timely collection provides a general overview and detailed discussion of social and technical issues related to moving toward a culture and practice of sustainable agriculture in the American Midwest. It develops the concept that because agriculture does not exist in isolation, sustainability must be understood within the context of the many dynamic natural and social systems characteristic of a particular region - from climate to culture. Scholars from diverse disciplines - ecology, geography, economics, agricultural engineering, anthropology, entomology, climatology - provide the historical and contemporary context for this vital discussion.

This document records the oral testimony and written statements of 13 U.S. Senators and Representatives, government officials, a corporate chairman, and a union president on the problem of economic stagnation in the United States and the formulation of a strategy to promote greater world competitiveness. Some witnesses focused on the need for better education and job training for the 20 percent of people considered illiterate in the United States, whereas most witnesses focused on the lack of family-supporting jobs. The witnesses said that millions of middle-wage jobs have disappeared, leaving only a few highly skilled, highly paid jobs and many part-time, low-wage jobs without benefits. Witnesses proposed creating strategies to encourage investment in manufacturing jobs in the United States, such as investment credits and elimination of barriers to exporting goods. Some witnesses opposed additional taxes to pay for improvements; others supported them for humanitarian purposes. Some were totally proponents of the free market, but others said that the free market had not created jobs for the past 20 years and that some sort of government stimulus was needed. A long-term investment, such as improvements in the infrastructure, was more favored than shorter-term approaches. (KC)

As U.S. industry faces worldwide challenges, policymakers are asking questions about the role of the federal government-not only in promoting basic research but also in ushering new innovations to the marketplace. This book offers an expert consensus on how government and industry together can respond to the new realities of a global marketplace. The volume offers firm conclusions about policy and organizational changes with the greatest potential to improve our technological competitiveness-and presents three alternative approaches for a new federal role. The volume examines: How federal involvement in technology development affects the nation's economic well-being. What we can learn from past federal efforts to stimulate civilian technology development-in the United States and among our major industrial competitors. How trends in productivity, R&D, and other key areas have affected U.S. performance, and how we compare to the world's rising industrial economies. Offering guidance on one of the 1990s most important issues, this volume will be indispensible to federal policymakers, executives in industry and technology, and researchers.

A quiet revolution came to corporate America during the late 1980s and early 1990s. Large shareholders - pension funds, insurance companies, money managers, and commercial banks - exercised new-found muscle, pressuring senior managers to improve disappointing financial results by reshaping their organizations. Michael Useem reveals how those investor pressures have transformed the inside structures of many corporations, better aligning them with shareholder interests. Useem draws on numerous sources, including interviews with senior managers and intensive studies of seven large corporations representing a range of restructuring experiences and industries - including pharmaceuticals, transportation, chemicals, retailing, and financial services. He shows that organizational changes have affected many areas of corporate life: headquarters staffs have been reduced, authority has filtered down to operating units, and compensation has become more closely tied to performance. Change also extends to corporate governance, where managers have fought back by seeking legal safeguards against takeovers and by staggering board terms. They've also put significant resources into building more effective relations with shareholders. As Useem demonstrates, this revolution has reached beyond the corporation, influencing American politics and law. As increasing ownership concentration has caused companies to focus more attention on shareholders, corporate political agendas have shifted from fighting government regulation to resisting shareholder intrusion. This book will be important reading for managers, economists, lawyers, financial analysts, and all observers of American business.