Word: product
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Dates: during 1960-1969
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...your article, "Is This Any Way to Buy an Airline?" [Jan. 10]: Gentlemen, we are tired. If you have not been involved in a merger you cannot imagine the traumatic shock to the individual employee-the chaos and confusion in trying to standardize and produce a brand new product...
Broad and Deep. The U.S., said Johnson, continues to enjoy an unequalled economic boom. "Our prosperity is broad and deep," he said. "It's brought record profits, the highest in our history, record wages. Our gross national product has grown more in the last five years than in any other period in our nation's history." The G.N.P. was $589,200,000,000 when Johnson took office; for calendar 1968 it is $861 billion. Unexpectedly, he also announced that the U.S. has achieved an international balance of payments surplus for the first time since 1957, which should...
...global land mass and 6% of its population, the U.S. produces about one-third of the world s goods and services. Every five years the American economy grows by the equivalent of that of West Germany, the third largest industrial nation. In 1968, the U.S. gross national product was twice that estimated for the Soviet Union, and the output of one American corporation, General Motors, was greater than the G.N.P.s of all but 13 of the world's nations...
...campaign, no important issue out of which it had grown. The Nixon campaign was exactly like a corporation, from the area sales representatives in the Milwaukee headquarters to the top management people from New York. Nothing is required of a corporation other than that it produce its product: the product is its own justification. Like a corporation president, Nixon needed no high moral purpose or sonorous title (not Senator Nixon or Governor Nixon, just Mr. Nixon) with which to justify his enterprise: he simply knew what he wanted, and was going after it frankly and cooly...
...also radically decentralized management in the belief that "it doesn't do any good to sit on the heads of your executives." Fiat's managers bring him only major decisions, but on those, Agnelli is the ultimate authority. Under him, the company has greatly broadened its product line, introducing seven new models in the past two years, a feat even by U.S. standards. He is also increasing Fiat's international reach. Not only are more Fiats going to more markets, but the company has a construction subsidiary, Impresit, active in the Middle East, and recently joined with...