This volume is a milestone toward developing a more comprehensive understanding of corporate financial performance. The authors review both the factors that cause the financial performance of some firms to be better than others at a point in time and also those factors that influence the...

The Peters and Waterman framework of eight management principles, focused largely on organisational design issues, is used to examine differences between 19 “excellent” and 50 “non‐excellent” firms. Data from large United States manufacturers show that the “excellent” companies...