It has been obvious for some time that the U.S. manufacturing industry has been on a downward slide. However, the recent recession has accelerated the speed of the decline to the point of public outcry. Production, and thus employment in some industries is down by a third. This, in turn, is...

The economy of the 1980s presents significant problems and no easy promises for business. In a slow‐growth, high‐inflation environment business will have a difficult time making profits grow faster than inflation. Developing strategies to do so, however, is the art of strategic planning.