Word: managerized
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So working to an older age is not necessarily a curse. It's the have-to part that hurts, and according to Dychtwald, the number of older people working involuntarily is expanding rapidly. Many of them--22% in the survey--are used to living well (free spenders with good incomes...
Kok is now working to cut production costs for biomedical systems, flat-panel displays and silicon wafers. For Philips, the challenge is to put organic light-emitting diodes on plastic, so that flat-panel displays can be used for new applications such as reusable paper-thin electronic newspapers. "No one...
Almost everyone agrees the most promising markets are Russia and other countries in Asia. Both have beefed up corporate governance and taken steps to bolster their domestic economies. Russia benefits from low labor costs and vast natural resources. Brad Aham, emerging-market portfolio manager at State Street Global Advisors, owns...
South Korea and Taiwan are generally thought to be the most promising markets in Asia. Through tax incentives, South Korea has been promoting credit cards, luxury goods and travel--creating a free-spending middle class to boost domestic demand. "Korean companies have streamlined and have very little debt," notes Steven...
The private sector is investing far more, by building chrome-plated gymnasiums like the The Total Fitness Club in Guangzhou. With two branches in Shanghai already, the swanky chain opened here in December as the first upmarket gym in the thriving capital of southern Guangdong province. "Traditionally, Cantonese would rather...