Word: employment
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Whenever a U.S. industrialist wants an example of ungainly management structure, he need look no farther than his own trade association, the National Association of Manufacturers. The N.A.M. represents 17.000 companies-80% of which employ fewer than 500 workers. Its policies are formulated by 21 different committees manned by no fewer than 3,000 members, and final policy decisions must win a two-thirds vote of a 170-man board of directors. To make things more difficult, the association for most of its history elected a new president each year from among its members, and obliged...
...principal worry now is that few other British executives are equally energetic and that British entry into the Common Market could be disastrous unless his countrymen learn to work harder. Said Sir Isaac with mocking irony to a recent conclave of London businessmen: "British companies may yet have to employ Frenchmen and Germans to enable them to compete successfully in the Common Market...
Today a majority of the world's basic oxygen furnaces employ the LD process under license deals that furnish much of Austria's foreign exchange. And tomorrow, say steelmen, every new steel furnace will use some kind of oxygen process...
...their plant space and payroll (to 4,400). At Mattel's Los Angeles factory, a staff of 200 toy developers, including chemists, sculptors and engineers, tinker behind locked doors on an annual research budget of $1,500,000. Currently, the company has 17 new toy "principles" ready to employ in a variety of toys. Exults Jack Ryan, a onetime missile engineer who heads Mattel's R. & D. department: "We're right out on the frontier of technology...
...worked as an $18-a-week reporter for the Peoria Journal. Other agencies, such as New York's J. Walter Thompson and Philadelphia's N. W. Ayer & Son, are true corporate enterprises, scarcely different in spirit from General Motors or Procter & Gamble. Among them, the top agencies employ almost as many different techniques of advertising as they do receptionists...