Word: falterer
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Giants begin to falter when their managers, swollen with arrogance and complacency, allow themselves to lose touch with their customers. This happens most often at firms that maintain a rigid, top-down management style. "Big companies find that the challenges of keeping up with what's going on in the marketplace become infinitely greater as the companies get larger," says Walter Scott, a professor at Northwestern University's Kellogg Graduate School of Management. "The layers of management and perks isolate executives too much...
...doing much better than many Western analysts expected. Yet it would be foolhardy for the West to turn its back on Russia just because the ideological conflicts of the cold war are over. The burden that Yeltsin must carry is too heavy for one man. If he should falter, the consequences will reverberate around the world. Russia, says Gennadi Burbulis, Yeltsin's chief political strategist, has become "the prism through which a universal longing for global change has been focused...
...other side of the world, the astonishing Asians will continue their success story, but with more diversity and less coordination than Europeans. Japan will not have things so much its own way in the next century. Its ultramodern and finely calibrated economy will not falter, but several factors will impose limits on its once seemingly boundless growth...
...Bush's first term as president has been a complete failure on the domestic front. Thirty-seven million Americans are without health insurance. The economy is suffering through a prolonged and damaging recession. Unemployment and poverty are on the rise, drugs are widespread and our educational system continues to falter...
...utilities shuddered in February when the failure of a valve caused the worst mishap in the 20-year history of Japan's atomic power industry, crippling a plant in the town of Mihama, about 200 miles west of Tokyo. "When the skill and discipline of the Japanese falter," says Lawrence Lidsky, an M.I.T. nuclear engineer, "that means anyone can screw...