Convergence of management practices in strategy, finance and HRM between the USA, Japan and Germany

International Journal of Cross Cultural Management

Volumn 6, Issue 1, 2006, Pages 75-100

  Carr, Chris ^a   Pudelko, Markus ^a  

^a UNIVERSITY OF EDINBURGH   (United Kingdom)

Author keywords

Convergence; Finance; Germany; HRM; Japan; Strategy; USA

Indexed keywords

EID: 34147157036     PISSN: 14705958     EISSN: 17412838     Source Type: Journal    
DOI: 10.1177/1470595806062353     Document Type: Article

References (112)

1. Baden Fuller, C. and Stopford J. (1991) 'Globization Frustrated: The Case of White Goods', Strategic Management Journal 12: 493-507
2. Barwise, T.P., Marsh, P.R., Thomas, K. and Wensley, J.R.C. (1986) 'Research on Strategic Investment Decisions', in J. McGee and H. Thomas (eds) Strategic Management Research, pp. 23-52. Chichester: Wiley
3. Barwise, T.P., Marsh, P.R. and Wensley, J.R.C. (1989) 'Must Finance and Strategy clash?', Harvard Business Review 89: 85-90
4. Benoit, B. and Barber, L. (2000) 'Interview. Heinrich Von Pierer, Siemens: A Pragmatic Capitalist and Social Romantic', London: Financial Times 27 November: 18
5. Béret, P., Mendez, A., Paraponaris, C. and Richez-Battesti, N. (2003) 'R&D Personnel and Human Resource Management in Multinational Companies: Between Homogenization and Differentiation', International Journal of Human Resources 14(3): 449-68
6. Beyer J. and Hopner, M. (2004) 'The Disintegration of Organised Capitalism: German Corporate Governance in the 1990s', in H. Kitschelt and W. Streeck (eds) Germany: Beyond the Stable State, pp. 179-98. London: Frank Cass
7. Brewster, C. and Holt Larsen, H. (1993) 'Human Resource Management in Europe: Evidence from Ten Countries', in A. Hegewisch and C. Brewster (eds) European Developments in Human Resource Management, pp. 126-48. London: Kogan Page
8. Butler, R., Davies, L., Pike, R. and Sharp, J. (1993) Strategic Investment Decisions: Theory, Practice and Process. London: Routledge
9. Campbell, A. and Alexander, M. (1997) 'What's Wrong with Strategy?', Harvard Business Review 75(6): 42-51
10. Carr, C.H. (1985) 'The Competitiveness of UK Vehicle Component Manufacturers', unpublished doctoral dissertation, University of Warwick, Coventry
11. Carr, C.H. (1990) Britain's Competitiveness: The Management of the Vehicle Components Industry. London: Routledge
12. Carr, C.H. (2005) 'Are German, Japanese and Anglo-Saxon Strategic Decision Styles Still Divergent in the Context of Globalization?', Journal of Management Studies 42(6): 1155-88
13. Carr, C.H. and Tomkins, C. (1998) 'Context, Culture and the Role of the Finance Function in Strategic Decisions. A Comparative Analysis of Britain, Germany, the U.S.A. and Japan', Management Accounting Research 9: 213-39
14. Carr, C.H., Tomkins, C. and Bayliss, B. (1991) 'Strategic Controllership - a Case Study Approach', Management Accounting Research 2: 89-107
15. Carr, C.H., Tomkins, C. and Bayliss, B. (1994) Strategic Investment Decisions. A Comparison of UK and West German Practices in the Motor Components Industry. Aldershot: ICAEW, Avebury
16. Child J. and Kieser, A. (1979) 'Organization and Managerial Roles in British and West German Companies: An Examination of the Culture-free Thesis', in C.J. Lammers and D.J. Hickson (eds) Organizations Alike and Unalike: International and Interinstitutional Studies in the Sociology of Organizations, pp. 251-71. London: Routledge
17. Conrad, P. and Pieper, R. (1990) 'Human Resource Management in the Federal Republic of Germany', in R. Pieper (ed.) Human Resource Management: An International Comparison, pp. 109-42. Berlin: de Gruyter
18. Davis, E.P. and Steil, B. (2001) Institutional Investors. Cambridge, MA: MIT Press
19. Dawar, N. and Frost, A. (1999) 'Competing with Giants: Survival Strategies for Local Companies in Emerging Markets', Harvard Business Review 77(2): 119-29
20. de la Garza, E. (2001) 'Converging Divergences or Converging through Four Patterns?', Industrial and Labour Relations Review 54(3): 694-7
21. Demirguc-Kunt, A. and Levine, R. (eds) (2001) Financial Structure and Economic Growth: A Cross-country Comparison of Banks, Markets, and Development. Cambridge, MA: MIT Press
22. Djelic, M.-L. (1998) Exporting the American Model. The Postwar Transformation of European Business. Oxford: Oxford University Press
23. Dore, R. (2000) Stock Market Capitalism: Welfare Capitalism. Japan and Germany versus the Anglo-Saxons. Oxford: Oxford University Press
24. Ebster-Grosz, D. and Pugh, D.S. (1996) Anglo-German Business Collaboration: Pitfalls and Potentials. Basingstoke: Macmillan
25. Eisenhardt, K.M. (1990) 'Speed and Strategic Choice: How Managers Accelerate Decision Making', California Management Review 32(3, Spring): 39-54
26. Frenkel, S. and Peetz, D. (1998) 'Globalization and Industrial Relations in East Asia: A Three-country Comparison', Industrial Relations 37(3): 282-310
27. Gamble J. (2003) 'Transferring Human Resource Practices from the United Kingdom to China: The Limits and Potential for Convergence', International Journal of Human Resources 14(3): 369-87
28. Ghemawat, P. (1991) Commitment: The Dynamics of Strategy. New York: Free Press
29. Ghemawat, P. and Ghadir, F. (2000) 'The Dubious Logic of Global Megamergers', Harvard Business Review 78(4): 65-72
30. Ghosn, C. (2002) 'Saving the Business without Losing the Company', Harvard Business Review 80(1): 37-45
31. Glouchevitch, P. (1992) Juggernaut. The German Way of Business: Why It Is Transforming Europe - and the World. New York: Touchstone
32. Goold, M. (1996) 'Learning, Planning, and Strategy: Extra Time', California Management Review 38(4): 100-2
33. Goold, M. and Campbell, A. (1987a) Strategies and Styles: The Role of the Centre in Managing Diversified Companies. Oxford: Basil Blackwell
34. Goold, M. and Campbell, A. (1987b) 'Many Best Ways to Make Strategy', Harvard Business Review 87(6): 70-6
35. Hall, P.A. and Soskice, D. (eds) (2001) Varieties of Capitalism: The Institutional Foundations of Comparative Advantage. Oxford: Oxford University Press
36. Hampden-Turner, C. and Trompenaars, F. (1994) The Seven Cultures of Capitalism. London: Piatkus
37. Hayes, R.H. and Abernathy, W.J. (1980) 'Managing Our Way to Economic Decline', Harvard Business Review 58(4): 67-77
38. Hayes, R.H. and Limprecht, J.A. (1982) 'Germany's World Class Industrial Competitors', Harvard Business Review 60(6): 137-45
39. Hickson, D.J. and Pugh, D.S. (1995) Management Worldwide: The Impact of Societal Culture on Organizations around the Globe. Harmondsworth: Penguin Books
40. Hirst, P. and Thompson, G. (1996) Globalization in Question. The International Economy and the Possibilities of World Governance. Oxford: Polity Press/Blackwell
41. Hofstede, G. (2001) Culture's Consequences: Comparing Values, Behaviors, Institutions and Organizations Across Nations. London: Sage
42. Hopner, M. (2001) Corporate Governance in Transition: 10 Empirical Findings on Shareholder Value and Industrial Relations in Germany. Discussion Paper 01/5. Koln: Max-Planck-Institut fur Gesellschaftsforschung
43. Hopner, M. and Jackson, G. (2001) The Political Economy of Takeovers in Germany: The Case of Mannesmann. Discussion Paper 1/4. Koln: Max-Planck-Institut fur Gesellschaftsforschung
44. Hoshi, T. and Kashyap, A.K. (2001) Corporate Finance and Governance in Japan: The Road to the Future. Cambridge, MA: MIT Press
45. House, R.J., Javidan, M., Hanges, P. and Dorfman, P. (2002) 'Understanding Cultures and Implicit Leadership Themes across the Globe: An Introduction to Project GLOBE', Journal of World Business 37(1): 3-10
46. Jackson, G. (2003) 'Corporate Governance in Germany and Japan: Liberalization Pressures and Responses during the 1990s', in K. Yamamura and W. Streeck (eds) The End of Diversity? Prospects for German and Japanese Capitalism, pp. 261-305. Ithaca, NY: Cornell University Press
47. Javidan, M. and House, R.J. (2002) 'Leadership and Cultures around the World: Findings from GLOBE. An Introduction to the Special Edition', Journal of World Business 37(1): 1-2
48. Jurgens, U., Naumann, K. and Rupp, T. (2000) 'Shareholder Value in an Adverse Environment: The German Case', Economy and Society 29(1): 54-79
49. Kennedy, A. and Sugden, K.E. (1986) 'Ritual and Reality in Capital Budgeting', Management Accounting (February): 34-7
50. Kerr, C., Dunlop J.T., Harbison, F.H. and Myers, C.A. (1960) Industrialism and Industrial Man. Cambridge, MA: Harvard University Press
51. Kipping, M. and Bjarnar, O. (1998) The Americanisation of European Business. The Marshall Plan and the Transfer of US Management Models. London: Routledge
52. Kitschelt, H. and Streeck, W. (eds) (2004) Germany: Beyond the Stable State. London: Frank Cass
53. Klammer, T.P. (1972) 'Empirical Evidence of the Adoption of Sophisticated Capital Budgeting Techniques', Journal of Business 45(3): 387-97
54. Klammer, T.P. and Walker, A.C. (1984) 'The Continuing Increase in the Use of Capital Budgeting Techniques', California Management Review XXVI(1): 137-48
55. Lane, C. (2001) 'The Emergence of German Transnational Companies: A Theoretical Analysis and Empirical Study of the Globalization Process', in G. Morgan, P.H. Kristensen and R. Whitley (eds) The Multinational Firm: Organizing across Institutional and National Divides, pp. 69-96. Oxford: Oxford University Press
56. Lane, C. and Bachmann, R. (1996) 'The Social Constitution of Trust: Supplier Relations in Britain and Germany', Organisation Studies 17(3): 365-95
57. Laurent, A. (1983) 'The Cultural Diversity of Western Conceptions of Management', International Studies of Management & Organization 13: 75-96
58. Lawrence, P. (1980) Managers and Management in West Germany. London: Croom Helm
59. Lawrence, P. (1994) 'German Management: At the Interface between Eastern and Western Europe', in R. Calori and P. de Woot (eds) A European Management Model, pp. 133-64. Hemel Hempstead: Prentice Hall
60. Lawrence, P. (1996) Management in the USA. London: Sage
61. Lawrence, P. and Edwards, V. (2000) Management in Western Europe. Basingstoke: Macmillan
62. Levitt, T. (1983) 'The Globalization of the Markets', Harvard Business Review 3: 92-102
63. Locke, R.R. (1996) The Collapse of the American Management Mystique. Oxford: Oxford University Press
64. Lorriman J. and Kenjo, T. (1996) Japan's Winning Margins. The Secrets of Japan's Success. Oxford: Oxford University Press
65. Magee, D. (2003) Turnaround: How Carlos Ghosn Rescued Nissan. New York: Harper Collins
66. Meyer-Larsen, W. (2000) Germany, Inc. The New Juggernaut and Its Challenge to World Business. New York: John Wiley
67. Mintzberg, H. (1985) 'The Organization as a Political Arena', Journal of Management Studies 22(2): 133-54
68. Mintzberg, H. (1991) 'Learning 1, Planning 0: Reply to Igor Ansoff', Strategic Management Journal 12: 464-6
69. Mintzberg, H. (1994) The Rise and Fall of Strategic Planning. New York: Free Press and Prentice Hall International
70. Mintzberg, H. (1996a) 'Introduction: CMR Forum: The Honda Effect Revisited', California Management Review 38(4): 78-9
71. Modigliani, F. and Miller, M.H. (1958) 'The Cost of Capital, Corporation Finance, and the Theory of Investment', American Economic Review 48: 261-97
72. Morgan, G., Kristensen, P.H. and Whitley, R. (eds) (2001) The Multinational Firm: Organizing Actions across Institutional and National Divides. Oxford: Oxford University Press
73. Mueller, F. (1994) 'Societal Effect, Organizational Effect and Globalization', Organisational Studies 15: 407-28
74. Noorderhaven, N. (1995) Strategic Decision Making. Wokingham: Addison-Wesley
75. Nutt, P.C. (2002) Why Decisions Fail. San Francisco: Berrett-Koehler
76. Ohmae, K. (1990) The Borderless World. New York: Harper Business
77. Ohmae, K. (2001) The Inviable Continent. Four Strategic Imperatives for the New Economy. London: Nicholas Brealey
78. O'Sullivan, M. (2000) Contests for Corporate Control: Corporate Governance and Economic Performance in the United States and Germany. Oxford: Oxford University Press
79. Pettigrew, A.M. (1987) 'Strategy Formulation as a Political Process', International Studies of Management and Organization 7(2): 78-87
80. Pike, R.H. (1983) 'A Review of Recent Trends in Capital Budgeting Processes', Accounting and Business Research (Summer): 200-8
81. Pike, R.H. (1988) 'An Empirical Study of the Adoption of Sophisticated Capital Budgeting Practices and Decision Making Effectiveness', Accounting and Business Research (Autumn): 341-51
82. Piore, M.J. and Sabel, C.F. (1984) The Second Industrial Divide: Possibilities for Prosperity. New York: Basic Books
83. Porter, M.E. (1980) Competitive Strategy: Techniques for Analysing Industries and Competitors. New York: Free Press
84. Porter, M.E. (1998) On Competition. New York: Free Press
85. Pudelko, M. (2004) 'HRM in Japan and the West: What Are the Lessons to Be Learnt from Each Other?', Asian Business and Management 3(3): 337-61
86. Pudelko, M. (2005a) 'Cross-national Learning from Best Practice and the Convergence-Divergence Debate in HRM', International Journal of Human Resource Management 16(11): 2047-76
87. Pudelko, M. (2005b) Japanese Human Resource Management: From Being a Miracle to Needing One?', in R. Haak and M. Pudelko (eds) Japanese Management in the Search for a New Balance between Continuity and Change. Houndsmills/New York: Palgrave
88. Quinn, J.B. (1980) Strategies for Change: Logical Incrementalism. Illinois: Irwin
89. Quintanilla J. and Ferner, A. (2003) 'Multinationals and Human Resource Management: Between Global Convergence and National Identity', International Journal of Human Resources 14(3): 363-8
90. Rajagopalan, N., Rasheed, A.M.A. and Datta, D.K. (1993) 'Strategic Decision Processes: Critical Review and Future Directions', Journal of Management 19(2): 349-84
91. Randlesome, C. (1994) The Business Culture in Germany: Portrait of a Powerhouse. Oxford: Butterworth-Heinemann
92. Rappaport, A. (1986) Creating Shareholder Value: The New Standard for Business Performance. New York: Free Press
93. Smith, C. and Meiksins, P. (1995) 'System, Society and Dominance Effects in Cross-national Organisational Analysis', Work, Employment and Society 2: 241-67
94. Smith, T. (1992) Accounting for Growth: Stripping the Camouflage from Company Accounts. London: Century Books
95. Solnik, B. (ed.) (2000) International Investments, 4th edn. Reading, MA: Addison-Wesley Longman
96. Spendolini, M.J. (1992) The Benchmarking Book. New York. Amacom
97. Strange, S. (1997) Casino Capitalism. Manchester: Manchester University Press
98. Strange, S. (1998) Mad Money. Manchester: Manchester University Press
99. Streeck, W. (1992) Social Institutions and Economic Performance: Studies of Industrial Relations in Advanced Capitalist Economies. London: Sage
100. Sturz, R. (2001) 'Does Financial Structure Matter for Economic Growth? A Corporate Finance Perspective', in A. Demirguc-Kunt and R. Levine (eds) Financial Structure and Economic Growth: A Cross-country Comparison of Banks, Markets, and Development, pp. 143-88. Cambridge, MA: MIT Press
101. Thomas, L.G. and Waring, G. (1999) 'Competing Capitalisms: Capital Investment in American, German, and Japanese Firms', Strategic Management Journal 20: 729-48
102. Turner, L. (1998) Fighting for Partnership: Labor and Politics in Unified Germany. Ithaca, NY: ILR Press
103. Vitols, S. (2003) 'From Banks to Markets: The Political Economy of Liberalization of the German and Japanese Financial Systems', in K. Yamamura and W. Streeck (eds) The End of Diversity? Prospects for German and Japanese Capitalism, pp. 240-60. Ithaca, NY: Cornell University Press
104. Wächter, H. and Muller-Camen, M. (2002) 'Co-determination and Strategic Integration in German Firms', Human Resource Management Journal 12: 76-87
105. Warner, M. and Campbell, A. (1993) 'German Management', in D.J. Hickson (ed.) Management in Western Europe: Society, Culture and Organization in Twelve Nations, pp. 89-108. Berlin: de Gruyter
106. Whitley, R. (ed.) (1992) European Business Systems: Firms and Markets in their National Context. London: Sage
107. Whitley, R. (ed.) (1996) Business Systems in East Asia. London: Sage
108. Whitley, R. (1999) Divergent Capitalisms: The Social Structuring and Change of Business Systems. Oxford: Oxford University Press
109. Whitley, R. (2001) 'How and Why Are International Firms Different?', in G. Morgan, P.H. Kristensen and R. Whitley (eds) The Multinational Firm: Organizing Actions across Institutional and National Dindes, pp. 27-68. Oxford: Oxford University Press
110. Whittington, R. and Meyer, M. (2000) The European Corporation: Strategy, Structure and Social Science. Oxford: Oxford University Press
111. Yamamura, K. (1997) Japan Enterprise', in K. Yamamura (ed.) The Economic Emergence of Modern Japan. Cambridge: Cambridge University Press
112. Yamamura, K. and Streeck, W. (eds) (2003) The End of Diversity? Prospects for German and Japanese Capitalism. Ithaca, NY: Cornell University Press