Word: leveller
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...price of halfway restructurings was steep. In 1985, GM aped Japan's practice of building global cars - the idea was to share chassis and parts across brands, a strategy that made sense at the engineering level. At the consumer level, it was a disaster. Internal clashes for control removed imagination from design, resulting in look-alike Buicks, Oldsmobiles and Pontiacs. Sales declined; cue another restructuring. The Germans, who have their own auto culture, were no match for Chrysler after they bought the company in 1998. No wonder they gave it back...
...most important issue is cutting Detroit's output to an appropriate level. "What we would tell a client who went from 30% to 20% [share] and they say, 'We're modeling now at 20%,' I'd say, 'Let's model it at 16%,'" says Conway. Scaling below capacity doesn't mean you give up on 20% or even 22% share - you can add shifts, for instance, to boost output...
...face of the economic erosion under way. The Bank of England cut its key rate by one percentage point to 2% today, while Sweden's central bank cut its key rate by 1.75 percentage points. The U.S. Federal Reserve's main lending rate now stands at 1%, the lowest level in five decades...
...They embraced and loved every person they came in contact with on any level,” Zarchi said...
...parrot. While John Grogan’s “Marley & Me” may have been the cannon’s former standard, Irene Pepperberg’s recently published book “Alex & Me” has taken the ode to animal affection to a new level. Pepperberg, a professor of psychology at Brandeis and part-time lecturer at Harvard, recounts the story of her relationship with Alex, a grey parrot that was the subject of her research for the past 30 years. Although he was kept in a cage and had an acronym name...