Word: bottomly
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Such cuts may help the short-term bottom line but can haunt companies down the road. "Stopping those payments can be a violation of an implicit contract, and that can affect people's sense of loyalty," says Stacey Kole, an expert on human-resources management at the University of Chicago Booth School of Business. "It's a natural trigger for people to look outside for alternative jobs." And employees remember such slights. "If you cheat me today," Kole says, "I'll remember that when I have options to go elsewhere...
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...country's growth--and intense competition among manufacturers in industry after industry--has gone far beyond the government's ability to regulate the economy effectively. In an ostensibly communist country, unfettered competition combined with nonexistent or, in many cases, corrupt government oversight has often produced a race to the bottom among businesses. Competition based on cost, in which manufacturers eke out slim profits by underpricing rivals, is by far the dominant industrial strategy. China, in short, is where the U.S. was in the early 20th century when Upton Sinclair wrote The Jungle, his seminal work about the horrifying conditions...
...countries, particularly in Asia and Africa, by getting them directly involved in local humanitarian, developmental or environmental projects. Multinationals, CforC reckons, have a huge capacity for doing good in these regions, and the goodwill their efforts engender can make it easier for them to do business, thus bolstering their bottom line. "This is what we call a license to operate," Hashemi explains. "Once you gain the trust of a community, you're safer there." Butler, a former army brigadier who commanded British forces in southern Afghanistan, calls it "soft security...
...heads of the seniors, as before their freshmen campaign, the team—with another talented senior class—was picked to finish second in the league. Harvard rewarded those expectations with eight straight league losses in February and March to finish closer to the bottom than...