Editor's note.

AuthorHolmes, Lawrie
PositionEditorial

Most organisations, especially corporates, are coming under pressure to deliver results in an ever tougher, more competitive environment. But this increasingly tough environment is also inspiring a whole new approach to how firms should operate, adapt strategy, and employ better systems to understand how the world is changing.

Our cover feature looks at the relative success of employee-owned businesses, compared to their traditional peers, around the world, be they stock-market listed entities in the West or state-owned in China. Although the models may differ, these companies show that a workforce with more interest in the company's success is likely to work harder to ensure continued high levels of performance.

Also in this issue, Harvey Berkley, FCMA, CGMA, CFO of HMV...

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