Word: retooling
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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...
...island. Then during the summer of 1974, faced with financial difficulties and with the start of the busing program only a few months away, the academy's board of trustees decided to close the school calling in a group of educational consultants, they asked how the academy might retool itself to provide an educational consultants, they asked how the academy might retool itself to provide an educational resource for inner city students...
...argue corporate strategy with workers. Says he: "We have had, sometimes, very interesting and fierce and passionate discussions." He overcame worker objections to manufacturing in the U.S. by swinging deals to supply made-in-Germany engines to other manufacturers-including Chrysler and American Motors. He also promised to retool and expand the Emden plant, which was making only Rabbits for export to the U.S., to turn out other cars as well. Schmücker continued Leiding's policy of paying workers as much as $6,000, tax free, to quit. In the past three years the work force...