Word: motorola
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...Democrat, "there's some federal man in here telling me what I've got to do. Hell, I spend 60% of my time making out infernal forms that if I don't make out they can arrest me for." To Chicago Industrialist Robert Galvin, chairman of Motorola Inc., it amounts to a resistance to being "averaged down...
Space & Speedometers. Motorola was founded in 1928 in a one-room Chicago loft, made mostly car radios until World War II, when it developed the walkie-talkies that became almost as universal as the Jeep. It still outsells all competitors in two-way radios for police cars, fire trucks, taxicabs and other vehicles, is also developing sophisticated models for space that will carry voices across 250,000 miles...
Significant Decisions. Motorola has managed its mix of products by internal growth rather than by acquisition, financing expansion largely from corporate funds; last year it spent a lavish $48 million on research and capital in vestment. The company also makes a practice of promoting from within...
When Galvin two months ago moved up to chairman to concentrate on long-range planning (he remains chief executive), he was succeeded as president by Elmer Wavering, 57, who, like many other Motorola executives, joined the company in the early car-radio days...
Galvin works easily with his executives, most of whom are much older than he. At Motorola's shiny Franklin Park, Ill., headquarters, where even the chairman works in shirtsleeves, he sees division heads intermittently, allows them full rein to handle engineering, production and sales and make significant decisions. "The most important factor motivating a manager," says Galvin, "is his sense of proprietorship. The man who is given the greatest hand to determine his own destiny will try the hardest. It is fair to say that this is a rather different approach to management." It is also fair...