Word: cut
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Dates: during 1990-1999
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...could build fast because he had broken down the construction process into 27 operations, then mustered specialized teams to repeat each operation at each building site. Twenty acres were set aside as an assembly point, where cement was mixed and lumber cut. Trucks would deliver parts and material to homesites placed at 60-ft. intervals. Then the carpenters, tilers, painters and roofers arrived, each in his turn. There was a team for white paint, another for red. One worker's sole daily task was to bolt washing machines to floors...
...high. The subsequent endless pressures on Rozelle are familiar to anyone who has ever built a successful cartel--and cartels by and large fail. A member is more inclined to cheat the group the more successfully the group drives up his price. When Jerry Jones of the Dallas Cowboys cut a side deal with Pepsi to become the official drink of Texas Stadium, thus violating at least the spirit of the lucrative agreement the NFL had cut with Coca-Cola, he was playing the same game as the renegade Libyan oil industry...
Using that formula, which cut his margins to the bone, it was imperative that Wal-Mart grow sales at a relentless pace. It did, of course, and Walton hit the road to open stores wherever he saw opportunity. He would buzz towns in his low-flying airplane studying the lay of the land. When he had triangulated the proper intersection between a few small towns, he would touch down, buy a piece of farmland at that intersection and order up another Wal-Mart store, which his troops could roll out like...
...didn't force a lot of people to change the way they made a living. But he merely hastened such changes. The forces of progress he represented were inevitable. His empowering management techniques were copied by businesses far beyond his own industry; his harnessing of information technology to cut costs quickly traveled upstream to all kinds of companies; and his pioneering retailing concepts paved the way for a new breed of "category killer" retailer--the Home Depots, Barnes & Nobles and Blockbusters of the world. This wave of low-overhead, low-inventory selling continues to accelerate. The Internet, in fact...
When the Dow peaked at 985 in 1968, the conglomerate movement comprised dozens of America's largest companies, including Textron, Litton, Teledyne, Raytheon, Walter Kidde & Co. and US Industries. The movement would sputter to a halt in the '70s, its oxygen cut off by rising interest rates and a falling market. A surprisingly anticonglomerate Nixon Administration crimped the most aggressive expansions in the interest of protecting what Ling calls "the smokestack-industry crowd" of old-line executives. Ling was forced out of LTV in 1970 as part of an antitrust settlement. Bluhdorn died on a company jet in 1983. Geneen...