Word: asea
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Although large Swiss multinationals like the engineering giant Asea Brown Boveri and food conglomerate Nestle have a global presence, scores of less dynamic firms do not and could find themselves at a competitive disadvantage. Even Switzerland's powerful banks and insurance companies will come under pressure as E.C.-based rivals operate in newly deregulated markets. "We must look at Switzerland as if it is a corporation," says the head of the economy department, Jean-Pascal Delamuraz. "How competitive are we? Perhaps we have been successful for too long. Perhaps we have lost a little of our dynamism...
...have conceded one homegrown industry after another to more aggressive and competitive foreign rivals. First came cameras, then televisions, tape recorders, stereo equipment and semiconductors. Last week Cincinnati Milacron, the last independent U.S. producer of heavy industrial robots, agreed to sell the business to a subsidiary of Switzerland's Asea Brown Boveri...
...that time, the idea of consulting everyconstituent imaginable was a fairly new idea forHarvard," says Judith B. McLaughlin, a lecturer atthe School of Education who is co-author ofRiesman's book on presidential searches. "It was asea-change in American higher education...
...decades to build an industrial behemoth on the scale of General Electric, West Germany's Siemens or Japan's Hitachi, but last week a world-class electrical-engineering giant was born practically overnight. In a surprise strategic move, two smaller European competitors -- Switzerland's Brown, Boveri and Sweden's ASEA -- announced a plan to merge their main operating divisions into a joint venture that would boast annual sales of more than $15 billion and employ some 160,000 workers. The new ASEA Brown Boveri should be a potent competitor in the global market for heavy electrical products, among them generating...
...West Germany has the largest number, 850. Sweden has 600, the most per capita in the world, and Sweden's ASEA is the world's third largest manufacturer of robots (after Unimation and Kawasaki). Italy has 500, France 200, the Soviet Union...