Discusses how the University of Strathclyde established an overseas operation for its MBA Programme in South‐East Asia. Examines development from two perspectives – that of the Programme Director and that of its first graduate.

There are many works by academics and practitioners on the need to find a sybmiotic relationship between academia and industry in the field of management development. One significant trend is “action learning” or learning by doing. Describes initiatives pioneered by several learning...

Details the Intelligent Corporate Strategy model which attempts to bring pragmatism into the many and varied strategic management models, which are often too sophisticated or too theoretical for the real world. It bridges the corporate level and business level, links the marketing strategy to...

There is incongruity between what business schools teach and what business organizations actually need. Hence, the criticism of business school graduates as “corporate burdens” incapable of functioning as competent managers. The discordant note of change is gripping the traditional academy...

At the macro level, Britain appears set for a major transformation. Opinion polls indicate that the prospect of a “stakeholder society” has greater appeal than a “back to basics” society. At the micro level, only those businesses that recognize the critical importance of numerous...

We analyze monthly returns on an equally-weighted index of 18 to 23 equity (real property) real estate investment trusts (REITs) that were traded on major stock exchanges over the 1973-87 period. We employ a multifactor Arbitrage Pricing Model using prespecified macroeconomic factors. We also...

This paper compares the intra-day patterns on the NYSE and AMEX of volatility, trading volume and bid-ask spreads for European dually- listed stocks, Japanese dually-listed stocks also listed in London, and Japanese dually-listed stocks not listed in London with American stocks of comparable...

We document that there is a significant foreign influence on the risk premium of U.S. assets. Using a bivariate GARCH-in-mean process for conditional expected excess returns, we find that the conditional expected excess return on U.S. stocks is positively related to the conditional covariance of...

The ideas expressed in this work are based on those put into practice at the Okuma Corporation of Japan, one of the world′s leading machine tool manufacturers. In common with many other large organizations, Okuma Corporation has to meet the new challenges posed by globalization, keener...