Word: rapidity
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Indeed, the holes confirmed what Thompson already strongly suspected--that the snow-clad ice fields of Kilimanjaro, immortalized by Ernest Hemingway as "great, high and unbelievably white," are undergoing such rapid warming that they are likely to vanish altogether in another 15 years. And if that happens, Thompson realized, then all that will remain of Kilimanjaro's crowning white glory will be whatever fragments he and his colleagues managed to bring back to Ohio State and stash in their Arctic-cold freezer...
Blessed with this free publicity and a vision of a billion-dollar future, Peterman seized the initiative--and drove his company straight to hell. His rapid, venture capital-fueled overexpansion led the company into bankruptcy in 1999 and sent Peterman spiraling into what he calls "my perfunctory six weeks of depression...
...with more than 100 pages--up from an initial seven a decade earlier. He added 10 J. Peterman stores in 1998. His five-year business plan called for 70 by 2002, the buildup topped with an IPO. "I took my eye off the brand focus and put it on rapid retail expansion," he recalls. "That was my mistake...
...That's one of the misconceptions of this business," says Paul Lancaster, vice president for finance at Ballard Power Systems in Vancouver, Canada. "They've had a phenomenally rapid development. People overpromised them" before a consumer-compatible technology emerged. Ballard (2000 revenues: $41 million), partly owned by Daimler-Chrysler and Ford, is the leader in automotive fuel-cell development...
...new” economy, mind you), was coined a few years ago to describe the world of the late 90s and early 2000—a world of near-zero inflation, ultra-low unemployment and unparalleled and seemingly unstoppable growth. It was a world changed dramatically by the rapid, almost dizzying pace of technological innovation, jump-started by the maturation of the Internet and the rise of global communications. From these initial seeds of growth and promise came a vision of sustained productivity and prosperity for years, if not decades, to come. And here in sunny Bay Area, Ground Zero...