Word: overheads
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...many managers and too much overhead," says Anne H. Margulies, assistant provost for information systems...
...Margulies, the change has so far consisted largely of demolition work: reducing overhead, closing departments and eliminating employees...
...quantify the monetary results of these changes, Margulies points to overhead reductions at the Technology Product Center (TPC), where students and faculty can buy computers at educational discounts...
...houses are one of the few businesses making money on the Web, and music CDs are among the biggest sellers (along with books, flowers and pornography). Buyers get to sample songs before they purchase, and they enjoy modest discounts (typical price: $9.95 a CD); sellers save a fortune on overhead and can carry a much wider selection of performers. Internet Underground Music Archive www.iuma.com) one of the pioneers in the online-music business, got its start peddling the CDs of unsigned bands that nobody had ever heard of. Today the seven-person company carries 1,000 bands (the current favorite...
...will be familiar to most of our audience from the recent performance of AT&T: fire nearly everyone in sight. It's Act Two--creating sustainable, profitable growth--that seems to be the tricky part. Companies such as K Mart have performed brilliantly in the Sweeney Todd role, slicing overhead and enjoying the resultant earnings boost, but have failed to grow once the cutting stopped. That's the real problem facing Gerstner in the mirror each morning...