Word: lagging
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Overcoming the Lag. Piraiki-Patraiki (pronounced Pea-rye-key Pat-rye-key) was founded in 1919 by two textile salesmen and puttered along nicely until World War II left its mills in ruins. Rebuilding did not begin until after Greece's civil war with the Communists ended...
...company more than made up for the lag by sending its technicians abroad to learn the latest postwar methods used by foreign mills-and to buy the best available machinery regardless of where it was made. "In equipping our plants," crows Stratos, "we draw on the advanced technology of everyone else." Under Stratos, who is a son of one of the founders and son-in-law of the other, P.-P. has become so advanced that it now has technology of its own to pass on. The company's experience of starting from scratch helped...
Next, Mazer set up a 17-man research and development staff that in two years turned out 15 new products, ranging from tough plastic and nylon typewriter ribbons to photocopy paper for use in the machines of rival manufacturers. To cut the time lag between idea and product, Old Town's research staff unabashedly called on the extensive laboratories of their big supplier companies for help. "A lot of small companies are afraid the big companies will steal their ideas," notes Mazer, "but actually they are very willing to help." Riegel Paper helped work out development problems...
...deeply heartfelt cliche: "I want to express my great pleasure and tell you what a privilege it is to leave Washington these days and come out here." Kennedy had every reason to enjoy being away from Washington: the Democratic Congress was still giving him fits, and the U.S. space lag was apparent...
Much of this reflects the slowing down of the boom in West Germany itself, which has brought on a tightening of credit. And some of the lag in new orders can be blamed on Berlin's big backlog of business, which has delayed deliveries and produced a more relaxed spirit in hard-selling Berlin executives. But a deeper reason is long-range anxiety over Berlin's fate in the cold war. While the West would not permit free Berlin's economy to falter badly, one West German banker admits that "the lack of security in Berlin makes...