Over the last twenty years there has been a major transformation in the world economy. This has led to shifts in the strategic thinking of businesses world-wide. Along with this shift there has been a dramatic change in the structure of the world economy and in individual countries. Manufacturing has been declining at a rapid pace in many countries while the service sector has been gaining momentum and is becoming the engine for growth and prosperity. This has led to changes in the composition of the labor force and thus the principles that govern the day-to-day operations and management of businesses. Read More...