Word: majority
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Dates: during 1990-1999
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Rozelle's next big move was to weld the owners of the new, expanded league into a cartel. This too required an exemption from the antitrust laws, which Congress granted in 1966. One morning the three major television networks woke up and found not a collection of individual teams competing with one another to sell their broadcast rights, but a single entity with a growing sense of its value...
...Soundabout for the U.S., Freestyle for Sweden and Stowaway for Britain. Morita was leery of using a different name for each country, and when sales were less than rewarding, he changed the name universally to Sony Walkman. Subsequently, the Walkman was a worldwide hit that is now featured in major dictionaries...
...reducing tariffs and other barriers, that many Japanese businessmen had been reluctant to discuss for decades. He represented, very vocally, the business community of Japan, a country that had during the 1970s become the No. 2 economy in the world and could no longer be ignored by the major economic players. Some controversy resulted when he was listed as co-author of a book in 1989--The Japan That Can Say No--that suggested that other countries stop complaining about Japanese imports and get to work improving their own corporations. His real opinions were somewhat misrepresented by the publisher...
...chain began to take off, Walton made major adjustments to manage the growth--again always seeming to see ahead. As early as 1966, when he had 20 stores, he attended an IBM school in upstate New York. His goal: to hire the smartest guy in the class to come down to Bentonville, Ark., and computerize his operations. He realized that he could not grow at the pace he desired without computerizing merchandise controls. He was right, of course, and Wal-Mart went on to become the icon of just-in-time inventory control and sophisticated logistics--the ultimate user...
Walton viewed all these arguments as utter foolishness. He had been a small-town merchant. And he had seen the future. He had chosen to eat rather than be eaten. And anyway, he believed that small-town merchants could compete--if they would make major changes to adapt. As it turned out, of course, the consumer voted heavily with Walton. He gave America what it really wanted--low prices every...