Taking into consideration the recent structural changes in Japan's consumer market, David Marutschke presents an analysis of the continuous improvement strategies of Japanese convenience store operators. This study highlights the efforts of companies operating under lean management systems to...

This paper analyses two-step spinoff based on consequences of the expected future change in value of a stakeholder's claim and its ability to block a restructuring. We show that a two-step spinoff allows an otherwise blocked value increasing (one-step) spinoff to take place by using the market...

This paper analyses two-step spinoff based on consequences of the expected future change in value of a stakeholder's claim and its ability to block a restructuring. We show that a two-step spinoff allows an otherwise blocked value increasing (one-step) spinoff to take place by using the market...