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Management article
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Reference no. 92409
Authors: Karen Phillips
Published by: Harvard Business Publishing
Published in: "Harvard Business Review", 1992

Abstract

No matter how sharp the disagreements of the 1992 presidential election campaign nor who wins the election, one outcome is certain: in the next administration, the United States will have an industrial policy. Unfortunately, this national industrial policy will be vague, confusing, highly politicized--and frequently ineffective. It will be government intervention driven by special interests rather than by strategic intent. Managers may be better off learning how to live with a haphazard industrial policy in the end--minimizing the negative impacts of such a policy on their own companies and industries.

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Abstract

No matter how sharp the disagreements of the 1992 presidential election campaign nor who wins the election, one outcome is certain: in the next administration, the United States will have an industrial policy. Unfortunately, this national industrial policy will be vague, confusing, highly politicized--and frequently ineffective. It will be government intervention driven by special interests rather than by strategic intent. Managers may be better off learning how to live with a haphazard industrial policy in the end--minimizing the negative impacts of such a policy on their own companies and industries.

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