Word: retooling
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Dates: during 1970-1979
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However, if the public is going to risk a billion-and-a-half on Chrysler. Congress should toughen Carter's proposal, and make granting the aid conditional on a commitment from Chrysler to use the money to retool for production of small, fuel-efficient cars, and also, as Rep. Henry Reuss (D-Wis) has advocated, for buses and rail equipment...
...opprobrium for stifling innovation. Says Donald Frey, chairman of Bell & Howell: "The biggest problem in the U.S. is not the lack of inventive capacity but the lack of businessmen willing to take the risk investments." The bottom-line obsession of many managers results in quick payoff investments to retool old products rather than expensive long-term spending to develop new ones. Though Texas Instruments this year will spend $155 million on research, Vice President George Heilmeier admits: "We have become conservative and spend less on basic research...
When Riccardo took over in 1975, the public was demanding smaller, more fuel-efficient cars, but Chrysler, unlike GM and Ford, lacked the money to retool and redesign quickly. With smaller sales than the other two automakers, Chrysler had to spend nearly twice as much per vehicle to meet Government rules. Pressed for cash, the company had to slash its budget for plant modernization...
Wabash offered Navarro a chance to "retool" his football fundamentals in idyllic isolation. He succeeeded in putting the school on the map by leading his squad to an 11-2 record last year as the Little Giants were runners-up in the NCAA Division III national championships. Navarro's unparalleled success earned him the district American Football Coaches Division Coach of the Year award...
...time social psychologist at the University of Iowa, he borrowed $800 from his father and in 1957 launched a market research firm in Marion, a pleasant suburb of Cedar Rapids, where his wife was able to land a teaching job. After helping more than 100 TV stations to retool their newscasts, Magid and his staff of 117 have sold their services to nearly 40 newspapers in the past three years, including the St. Louis Post-Dispatch and the Chicago Daily News. For print clients, the Magid team undertakes strenuous audience polling, runs the results through a computer and issues recommendations...