Entrepreneurship and productivity:
Saved in:
| Main Authors: | , |
|---|---|
| Format: | Book |
| Language: | English |
| Published: |
Lanham [u.a.]
Univ. Press of America
1998
|
| Subjects: | |
| Online Access: | Inhaltsverzeichnis |
| Physical Description: | XIX, 343 S. graph. Darst. |
| ISBN: | 0761809384 0761809392 |
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MARC
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| 245 | 1 | 0 | |a Entrepreneurship and productivity |c Edward E. Williams and James R. Thompson |
| 264 | 1 | |a Lanham [u.a.] |b Univ. Press of America |c 1998 | |
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| adam_text | Contents
List of Tables xii
List of Figures xiv
Preface xvii
Chapter 1 Productivity and Production 1
1.1 Introduction 1
1.2 What Is Productivity? 2
1.3 Beyond Labor Efficiency 4
1.4 Beyond Efficiency 5
1.5 The Factors of Production 6
1.6 Enterprise Level Factors 7
1.7 Productivity Correctly Considered 8
1.8 Production Functions 10
1.9 Return Economies 11
1.10 Absolutely Diminishing Returns 13
1.11 Scale Economies and Optimal Production 13
1.12 Factor Switching 17
1.13 Optimal Inputs 19
1.14 Optimal Output 20
1.15 Choice and Output 24
Appendix: The Calculus of Production 26
Chapter 2 The Economics of Aggregate Production 29
2.1 Introduction 29
2.2 Aggregate Economic Activity 30
2.3 Modeling Economic Activity 33
2.4 Consumption 35
2.5 National Income, Personal Income, and
Consumption 36
2.6 Business Investment 42
2.7 Government Purchases 43
2.8 The Simple Multiplier 44
2.9 Accelerated Investment 46
2.10 Taxes 47
vii
2.11 Transfer Payments 48
2.12 A More Complex Multiplier 49
2.13 Net Exports 50
2.14 A Complete Basic Model 51
Chapter 3 Economic Growth and Enhanced Production 57
3.1 Introduction 57
3.2 Long Run Production Growth 59
3.3 Saving and Growth without Technological
Change 60
3.4 Saving and Growth with Technological Change 61
3.5 The Importance of Stimulating Saving and
Production Growth 63
3.6 An Aggregate Growth Formula 66
3.7 Enhancing Labor Inputs for Greater Production 68
3.8 Enhancing Capital Inputs for Greater Production 69
3.9 Enhancing Technology for Greater Production 72
Chapter 4 Production at the Enterprise Level: The
Entrepreneurial Firm 77
4.1 Introduction 77
4.2 Psychology and Entrepreneurs 78
4.3 Economics and Entrepreneurs 80
4.4 An Entrepreneurial Model 84
4.5 Business Taxes 92
4.6 Business Depreciation 97
4.7 Enhancing Productivity 103
4.8 Conclusions 104
Chapter 5 Preparing a Business Plan 111
5.1 Introduction 111
5.2 Step One: Statement of Enterprise Mission 112
viii
i
5.3 Step Two: Definition of Business 114
5.4 Step Three: Identification of the Business
Opportunity 116
5.5 Step Four: Specification of External Variables 119
5.6 Step Five: Making Critical Assumptions 121
! 5.7 Step Six: Pinpointing Success Determinants 131
5.8 Step Seven: Outlining Major Strengths 137
5.9 Step Eight: Outlining Major Weaknesses 139
5.10 Summary and Conclusions 141
Chapter 6 The Business Plan Document 143
6.1 Introduction 143
6.2 The Executive Summary 145
6.3 Complete Analysis of the Industry 148
6.4 Form and Organizational Structure of
the Company 151
6.5 Pro Forma Financial Statements 153
6.6 The Strategic Plan 159
6.7 The Operating Plan 163
6.8 Appendices 167
i 6.9 Summary and Conclusions 168
Chapter 7 Enterprise Growth 171
7.1 Introduction 171
7.2 Growth in the First Year 172
7.3 Determining a Growth Strategy 180
7.4 Financing a Growth Strategy 190
7.5 Short Term Finance 191
7.6 Why Grow? 198
7.7 Simple growth Calculations 199
7.8 Determinants of Growth and Return
on the Investment 201
7.9 Financing Long Term Growth 203
7.10 Summary and Conclusions 209
ix
!
Chapter 8 An Introduction to Forecasting 213
8.1 Introduction 213
8.2 Forecasting in a Monotonically Increasing
System 219
8.3 Forecasting as Regression 230
8.4 Forecasts Based on a Brownian Process 235
Chapter 9 Empirical Time Series Modelling 243
9.1 Introduction 243
9.2 Simple Exponential Smoothing 244
9.3 Autoregressive Modeling 247
9.4 Moving Average (MA) Modeling 250
9.5 Autoregressive Moving Average ARM A
Modeling 251
9.6 Seasonal Effects 254
9.7 A Simple Test for White Noise 258
9.8 Bivariate Autoregressive Modelling 259
Appendix: Nelder Mead Optimization 262
Chapter 10. The Deming Paradigm for System
Optimization 271
10.1 Introduction 271
10.2 Deming s Fourteen Points 272
10.3 Pareto s Maxim 277
10.4 False Goals, Shattered Dreams 279
10.5 Pareto and Ishikawa Diagrams 283
10.6 Quality Assurance by End Inspection 287
10.7 Flow Charting 291
x
Chapter 11. Control Charting: Some Case Studies 301
11.1 Introduction 301
11.2 An Example With Open Ended Failure Counts 301
11.3 An Example With Failure Proportions 306
11.4 SPC with Measurement Data 312
11.5 When Control Charts Don t Work 316
11.6 SPC versus Quality Assurance 325
11.7 Design and SPC 326
11.8 Design versus Tweaking the System 327
11.9 Some Final Thoughts 330
Index 338
xi
LIST OF TABLES
1.1 A Short Run Production Function 14
1.2 A Long Run Production Function 17
1.3 Inputs, Outputs 18
1.3a Subproduction Functions 19
1.3b Marginal Physical Products 19
1.3c An Efficient Solution 20
1.4 Output and Costs 21
1.5 Output, Costs, and Profits 22
1.6 Marginal Revenue Products, Factor Costs, and
Optimal Production 23
1.7 Various Production Cases 26
2.1 An Individual Consumption Function 36
2.2 Aggregate Consumption Function of the U. S.,
1960 1995 in billions of dollars 36
2.3 U. S. Gross National Product, 1960 1995 38
2.4 U. S. Net National Product, 1960 1995 38
2.5 U. S. National Income, 1960 1995 39
2.6 U. S. Personal Disposable Income, 1960 1995 40
2.7 U. S. Income and Consumption, 1960 1995 40
2.8 Adjusted GDP and Consumption, 1960 1995 42
2.9 Business Investment, 1960 1995 43
2.10 Government Purchases, 1960 1995 43
4.1 Arithmetic Mean Returns on Various Investments
in the United States, 1926 1992 87
4.2 U.S. Federal Corporate Income Tax Rates
Effective 1994 94
4.3 Illustration of Various Methods of Accounting
Depreciation 99
4.4 Illustration of Depreciation Allowed for U.S.
Federal Income Tax Determination Purposes 101
4.5 A Hypothetical Pre Tax Statement of Income 101
4.6 A Hypothetical Balance Sheet 102
5.1a Market Analysis 117
5.1b Wesson Mortality Statistics 117
5.2 General Demographic Data 123
5.3 Specific Demographic Data 124
5.4 General Mortality Data 125
xii
5.5 Specific Mortality Data and Market Share 125
5.6 Relevant Market for 1997 2002 125
5.7 Pertinent Economic Data for 1993 1996 126
8.1 Increasing Data Set 220
8.2 Untransformed Data 227
8.3 Various Smooths 228
9.1 Reduction to Stationarity 254
9.2 Complex Reduction to Stationarity 256
11.1 Weekly Failure Records 302
11.2 Infections Following Hip Replacement 306
11.3 Infections Following Hip Replacement 308
11.4 Team Performance Data 316
11.5 Rod Diameter Data 313
11.6 SPC Constants 314
11.7 Roll Strengths 319
11.8 Smoothed Tensions 323
xiii
LIST OF FIGURES
1.1 Productivity Index, 1947 1995 3
1.2 Changes in Productivity Index, 1948 1995 4
1.3 The Short Run Production Function 11
1.4 Production with One Variable and Two
Fixed Components 12
1.5 The Long Run Production Function 15
1.6 Marginal Production 16
5.1 A Market Research Report 117 118
5.2 PSE vs. MFI and CPI, 1993 1995 127
5.3 Rotated PSE vs. MFI and CPI, 1993 1996 128
5.4 MFI vs. CPI, 1993 1996 129
5.5 PSR VS. Year, 1993 1996 129
6.1 An Executive Summary 145 147
6.2 An Industry Analysis 148 151
6.3 Organizational Form and Structure 152
6.4 A Resume 153
6.5 A Pro Forma Balance Sheet 154
6.6 Pro Forma Income and Cash Flow Statements 155
6.7 Pro Forma Footnotes 155 158
6.8 A Strategic Plan 159 163
6.9 An Operating Plan 163 167
7.1 A Marketing Sales Budget 174
7.2 A Merchandise Purchases Budget 175
7.3 A Merchandise Expenses Budget 175
7.4 A Personnel Budget 176
7.5 An Overhead Expense Budget 177
7.6 An Operating Income Budget 178
7.7 A Cash Flow Budget 179
7.8 A Cash Balance Budget 180
7.9 Comparison of Actual vs. Budgeted Revenues 181
7.10 Comparison of Actual vs. Budget Expenses 183
7.11. Comparison of Actual vs. Budget Net Income 183
7.12 Comparison of Actual vs. Budget Cash
Balances 184
7.13 Pro Forma and Actual Results 184
xiv
7.14 Planning Premises and Objectives 185
7.15 Comparison of Actual vs. Budgeted Balance Sheets
187
7.16 A Replanned Budgeted Net Income Statement 189
7.17 A Replanned Budgeted Balance Sheet 189
7.18 A Replanned Cash Balance Budget 197
7.19 Replanned Operating and Financial Ratios 197
8.1 Stock Price vs. Month 214
8.2 Untransformed Data 220
8.3 Semilogarithmic Plot 221
8.4 Concavities Up and Down 224
8.5 Digital Filter 226
8.6 Raw Data (number of funerals per month) 229
8.7 Freehand Forecast Based on a 3RH Smooth 230
8.8 Linear Fit 233
8.9 Quartic Fit 233
8.10 USA Population Growth 242
9.1 Buy Sell 244
9.2 Cyclical Series with Linear Trend 255
9.3 Seasonal Series with Quadratic Trend 257
9.4 Periodogram 258
9.5a Nelder Mead Polytope Algorithm 265
9.5b Nelder Mead Polytope Algorithm 266
10.1 Failure Pareto Diagram 285
10.2 Transmission Failure Pareto Diagram 286
10.3 Fishbone Diagram 287
10.4 Noninformative Flow Chart 288
10.5 Darkness Measurements of Output 293
10.6 Darkness Measurements after Correction 294
10.7 More Detailed Flow Chart of Simple Process 296
11.1 Faulty Welds Discovered 303
11.2 Proportion of Infections 307
11.3 Proportion Infections Divided by UCL 309
11.4 Comparison of Team Performance 311
11.5 Diameter Means Control Chart 315
11.6 Standard Deviations Control Chart 316
11.7 Chart of Strength Data 318
11.8 Histogram of Strength Data 320
| 11.9 Tension Test of Material 321
1
| xv
11.10 Tension Test of Nonstandard Material 322
11.11 Tensions Measurements with Smooths 324
11.12 Wood Fibers 328
11.13 Cleaner as Fractionator 329
xvi
|
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| isbn | 0761809384 0761809392 |
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| physical | XIX, 343 S. graph. Darst. |
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| spelling | Williams, Edward E. Verfasser aut Entrepreneurship and productivity Edward E. Williams and James R. Thompson Lanham [u.a.] Univ. Press of America 1998 XIX, 343 S. graph. Darst. txt rdacontent n rdamedia nc rdacarrier Ondernemerschap gtt Productiviteit gtt Entrepreneurship Industrial productivity Produktivität (DE-588)4047364-8 gnd rswk-swf Arbeitsproduktivität (DE-588)4002766-1 gnd rswk-swf Arbeitsproduktivität (DE-588)4002766-1 s DE-604 Produktivität (DE-588)4047364-8 s Thompson, James R. Verfasser aut HBZ Datenaustausch application/pdf http://bvbr.bib-bvb.de:8991/F?func=service&doc_library=BVB01&local_base=BVB01&doc_number=008037825&sequence=000002&line_number=0001&func_code=DB_RECORDS&service_type=MEDIA Inhaltsverzeichnis |
| spellingShingle | Williams, Edward E. Thompson, James R. Entrepreneurship and productivity Ondernemerschap gtt Productiviteit gtt Entrepreneurship Industrial productivity Produktivität (DE-588)4047364-8 gnd Arbeitsproduktivität (DE-588)4002766-1 gnd |
| subject_GND | (DE-588)4047364-8 (DE-588)4002766-1 |
| title | Entrepreneurship and productivity |
| title_auth | Entrepreneurship and productivity |
| title_exact_search | Entrepreneurship and productivity |
| title_full | Entrepreneurship and productivity Edward E. Williams and James R. Thompson |
| title_fullStr | Entrepreneurship and productivity Edward E. Williams and James R. Thompson |
| title_full_unstemmed | Entrepreneurship and productivity Edward E. Williams and James R. Thompson |
| title_short | Entrepreneurship and productivity |
| title_sort | entrepreneurship and productivity |
| topic | Ondernemerschap gtt Productiviteit gtt Entrepreneurship Industrial productivity Produktivität (DE-588)4047364-8 gnd Arbeitsproduktivität (DE-588)4002766-1 gnd |
| topic_facet | Ondernemerschap Productiviteit Entrepreneurship Industrial productivity Produktivität Arbeitsproduktivität |
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