Word: komatsu
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Dates: during 1990-1999
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...approach. In the early 1980s, says Glen Barton, group president for construction and mining machinery, Caterpillar's "costs were out of line with what overseas markets were willing to pay for our products"; the company lost $1.5 billion cutting prices below cost to meet the competition of Japan's Komatsu and other rivals. But Caterpillar has slashed its work force 31% in the past dozen years, and that has lowered costs and raised productivity: from sales of $886,000 per employee to $2.3 million. Losses have turned to profits, and more than half its nearly $12 billion annual sales...
...Greece, N.Y., the town council voted to buy a more expensive John Deere excavator instead of a cheaper Japanese Komatsu, until it was discovered that the John Deere was assembled in Japan while the Komatsu was put together in Illinois...
...national character as an excuse, the assumption that societies are monolithic and monomaniacal, allows us to make quick and easy connections between Japan in the '30s and '40s and Japan, Inc. today. Whenever They buy another building or another company, the "Japanese" have done it--not a firm like Komatsu or Mitsushita or Sony, and not a particular capitalist. No, the Japanese--as a nation...