The Standard Industrial Classification Code (SICC) is based on the external characteristics of industries, including physical outputs, types and usage. Such external criteria are becoming increasingly inadequate to guide both management strategy and public policy, as firms seek new sources of...

The emergence of firms from East Asian countries in advanced high-technology sectors such as semiconductors, is one of the striking features of world business developments over the course of the past decade. Explanations for the successes of such firms are commonly given in terms of transient,...