Word: focusing
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Dates: during 2000-2009
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...growth, Brabeck is not about to follow the radical--and financially successful--example of one of Nestle's main rivals, the Anglo-Dutch Unilever group. Unilever has taken a machete to its operations over the past three years, cutting the number of its brands by half to focus on 400 key products and shutting 83 of its 250 manufacturing facilities. Those efforts have widened its operating margins by 45%, and its earnings per share were up 27% last year, despite the sluggish economy. During Brabeck's tenure, Nestle has closed 156 factories, but it has acquired or opened...
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...
...fact that stealing is, as Harvard’s own Justice Breyer put it, “garden variety theft.” One thing we all can agree on is the desire for the lawsuits to go away. Record companies would rather invest in new business models and focus on creating music than spend time and money filing lawsuits. We hope the day arrives soon when lawsuits are not necessary to foster a marketplace that rewards investment in creativity and compensates those who make the best music in the world. Steven Marks is the executive vice president and General...
...Niel says. “We could win an Ivy championship, we could do this and that, but people have done that before, and no one’s ever played a night game here.”For now, though, Van Niel’s focus rests solely on applying to vocal schools, beating Yale in The Game and, all the while, not completely forgetting about school.“I’d often dream, ‘well, great, I’ll be able to sing, I’ll be able to play football...
...decided to focus full-time on his schoolwork and on the music-making side of his DJing. Word quickly got around campus, though, that this kid was the genuine article...