Word: coreness
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Brabeck pooh-poohs the notion that a company should focus tightly on its core competency. Nestle's big challenge, he says, "is that we have to be able to learn how to get operational efficiency with a relatively complex business structure. This is what I think real management is all about. The other thing is much too easy." Rather than narrow its focus, he believes that a well-managed and flexibly organized consumer-goods company can sell dog food and ice cream--as well as coffee, water and candy--and gain advantages in marketing, purchasing and distribution over more specialized...
Necessity, that great mother of invention, played her role in the creation of DeepStream Technologies. Chief executive Mark Crosier and his core team found it necessary to get work in 2003 after losing their jobs. They became surplus to needs when Eaton Corp., an electrical company based in Cleveland, Ohio, bought the part of Delta Corp. where they worked. "Our whole team was severed in a redundancy, and we decided to design and build a business rather than all pursue our separate ways," recalls Crosier...
Novartis has since fashioned itself as a health-care company, but its core business, which generated 63% of group sales last year, is branded pharmaceuticals, led by brands such as Diovan and Sandimmun. Vasella leaves the other units--including generic drugs, animal health, Gerber, the eye-care unit CIBA Vision and over-the-counter medicines--in the hands of trusted lieutenants. Novartis announced earlier this year that it will divest the unit that makes foods such as Ovaltine. Some analysts say Novartis could pick up its growth if it got rid of more of its noncore businesses. But Vasella argues...
Montreal's greatest attraction remains its inner cityscape. Though it is a largely French-speaking metropolis of almost 3.5 million (nearly everyone speaks at least a little English), its core is easy to explore on foot. Visitors inevitably are drawn downtown, the heart of which is Rue Sainte-Catherine and the dozens of streets that radiate from it. In the winter the entire district is accessible through a 19-mile grid of underground passages and atriums known as the underground city. The nearby and stately Rue Sherbrooke is also worth checking out, especially from around high-end Rue Crescent...
...have so much potential in our freshman class—we only lost one kid,” coach Kathy Delaney-Smith says. “We think we are the best, and we expect to win the title.”The Crimson is returning a core of players, especially in a loaded backcourt. Senior co-captain Lindsay Hallion, a second-team All-Ivy performer last season after ranking second on the team in scoring and second in the league in both field-goal and free-throw percentage, returns to run the point. At shooting guard is junior Emily...