Word: garelli
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...Whether or not this happens, the landmark settlement may be a turning point for the Swiss banking sector, which can no longer depend on the promise of secrecy to draw in clients, says Stéphane Garelli, a professor of world competitiveness at the Institute of Management Development in Lausanne. "There is no doubt that this is the beginning for Swiss banks, because they now have to rely more on the professionalism and services than on some specificity of Swiss law, such as the banking secrecy," he says. "Now it is time to turn the page and to focus...
...biggest bite out of the global chocolate market - that honor goes to the U.S. company Mars-Wrigley and Britain's Cadbury - they are widely considered among the best and most competitive in the world. "Switzerland's image sells well abroad, and nothing says 'Switzerland' more than chocolate," says Stephane Garelli, director of the World Competitiveness Center at the Institute of Management Development (IMD) in Lausanne, predicting that this comfort food will continue to sweeten the sour economy for months to come...
...question of why there is no meltdown in the chocolate business may be more a matter of psychology than economics. "There is well-documented evidence going back to Freud, showing that in times of anxiety and uncertainty, when people need a boost, they turn to chocolate," says Garelli of the IMD. "That's why when the economy is bad, chocolate is still selling well...
...Swiss facing a rough ride? "In its present format, yes," Moser says. "This airline was created on a purely emotional wave of nationalism, with no sound business plan. One key shortcoming is that with 41 long-haul destinations, Swiss is too big for a small country." But Garelli says Swiss chose the right strategy. "There is no future for a small country if it cannot guarantee a certain number of international point-to-point routes," he says...
...airline has at least one edge in the competitive market. "Switzerland's image and reputation sell well overseas," Garelli says. And the Swiss, who took the demise of Swissair as an affront to their national identity, have an emotional stake in the new carrier's success. "If we created an airline and called it Cuckoo Air, maybe we wouldn't care as much," Garelli says. "But we put our flag on its tail, so we have a collective responsibility to make sure it flies...