- List of Figures
- List of Tables
- List of Contributors
- Texts and Times Mapping the Changing Study of Work and Organizations
- Labor Markets and Flexibility
- Organizations and the Intersection of Work and Family: A Comparative Perspective
- Gender, Race, and the Restructuring of Work: Organizational and Institutional Perspectives
- Skill Formation Systems
- Technology and the Transformation of Work
- Groups, Teams, and the Division of Labor: Interdisciplinary Perspectives on the Organization of Work
- Introduction: Unmanageable Capitalism?
- The Diffusion and Domestication of Managerial Innovations: The Spread of Scientific Management, Quality Circles, and TQM between the United States and Japan
- Managers, Markets, and Ideologies: Design and Devotion Revisited
- Human Resource Management
- Knowledge Management
- Industrial Relations and Work
- Labor Movements and Mobilization
- Resistance, Misbehavior, and Dissent
- Manual Workers: Conflict and Control
- Service Workers in Search of Decent Work
- What we know (And Mostly Don't Know) about Technical Work
- The Changing Nature of Professional Organizations
- Ports and Ladders: The Nature and Relevance of Internal Labor Markets in a Changing World
- Introduction: The Reorganised Economy
- Organizations and Organized Systems: From Direct Control to Flexibility
- Interfirm Relations as Networks
- Changes in the Organization of Public Services and their Effects on Employment Relations
- Understanding Multinational Corporations
- Corporate Restructuring
- Beyond Convergence and Divergence: Explaining Variations in Organizational Practices and Forms
Abstract and Keywords
At any point in time, the structure of the corporation is the result of an evolutionary process that reflects strategic investment decisions to serve particular markets, engage in particular activities, and produce in particular locations. Restructuring occurs when the corporation is not willing or able to utilize the capabilities and assets that are the legacy of past decisions. Under adverse economic conditions that cut across industrial sectors or firms within a sector, large numbers of companies in the same nation or region may engage in restructuring at the same time. Such restructuring can have a negative impact on national or regional employment, especially when restructuring involves large-scale downsizing or the closing or locational shift of a labor-intensive facility. Thus, restructuring can have profound impacts on the quality and quantity of jobs available in the economy.
William Lazonick is Professor and Director of the UMass Lowell Center for Industrial Competitiveness and President of the Academic-Industry Research Network. His book, Sustainable Prosperity in the New Economy? Business Organization and High-tech Employment in the United States (Upjohn Institute 2009), won the 2010 Schumpeter Prize. His most recent book, co-edited with David Teece, is Management Innovation: Essays in the Spirit of Alfred D. Chandler, Jr. (Oxford University Press, 2012).
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