Word: gm
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Dates: during 1990-1999
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...Although people told him to diversify, Henry Ford had developed tunnel vision. He basically started saying "to hell with the customer," who can have any color as long as it's black. He didn't bring out a new design until the Model A in '27, and by then GM was gaining...
Alfred Sloan literally wrote the book on managing large organizations--My Years with General Motors. No large company is untouched by his concept of decentralized management. He came into a GM that was cash short, chaotic and nearly bankrupt--Ford had a 60% market share--and brought discipline to a sprawling company, clearly defining the issues of planning, strategy and organization. He mastered the concept of market segmentation--Chevrolets for Everyman, Cadillacs for the wealthy--to better target GM's sales and avoid internal competition, a strategy that left Ford behind. Sloan also understood what managers today call "consumer insight...
...packed if somewhat breathless cover stories. They were rather typical of the uncritical coverage in this age of conformity and steady growth. The 1955 Man of the Year was General Motors' central-casting CEO Harlow Curtice (he was Hollywood-handsome, tungsten-tough, up-from-the-bottom, etc.); that year, GM also topped FORTUNE's first 500 list. TIME created a sensation by spotlighting the little-known Jean Paul Getty as the world's richest private citizen...
...Harvard finally realizes that money can't buy you love, no matter how much you hoard. Good. Go spend it on something worthwhile. Bill Gates Gives $100 million for child immunizations in developing countries. Nice try, but you're still the world's richest dork. Dan Duquette Red Sox GM a loser in the free agent bidding war. Looks like the Sox won't be contenders again 'till the next millenium. Method Man Wu-Tang Clan disciple leaves the Shaolin ghetto for ritzy Cambridge. Future Class Day speaker...
...American Automobile Manufacturers Association, representing General Motors, Ford and Chrysler, refused to help pay for the latest anti-Kyoto TV ads produced by the Global Climate Information Project, an alliance of industry, labor and farm groups. And last week Washington's World Resources Institute brought together executives from GM, British Petroleum and Monsanto to pledge that their companies would contribute less to the greenhouse effect. "There is a rising tide of environmental awareness," says incoming Ford chairman William Clay Ford Jr. "Smart companies will get ahead of the wave. Those that don't are headed for a wipeout...