Word: sanyo
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Dates: during 2000-2009
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When Tomoyo Nonaka in June 2005 took over Sanyo, the venerable but struggling Japanese electronics maker, she already had one strike against her. Nonaka was a female CEO in a business culture that is overwhelmingly male. A more timid executive would have charted a cautious course, focusing on slashing costs at a company that lost $1.6 billion in its 2005 fiscal year. But Nonaka, a former TV journalist with no executive experience, instead announced a bold plan to transform Sanyo into a leader in the production of environmentally friendly products like solar panels and energy-efficient refrigerators. "I think...
...turned out the old world wasn't ready for Nonaka's vision. Sanyo's losses continued to mount. Nonaka lost the CEO title last year when the position was eliminated; on March 19, she resigned as chairwoman shortly after the company reported it might have to restate earnings for the four years through March 2004 amid a government investigation of possible accounting irregularities. While Sanyo was beset by problems before Nonaka arrived, including cutthroat price competition from South Korea and China, her attempt to radically change the corporate mind-set had become a distraction from urgent problems, analysts said...
...That's because the economics of green products still don't make sense for average consumers, who remain unwilling to pay premium prices for appliances and other big-ticket items offering questionable individual benefits. Take solar power, an area where Sanyo is a significant competitor. Although numerous start-ups in the U.S., China and Taiwan have been investing in the technology over the past two years, generating electricity from solar panels is still at least twice as expensive as buying it from the fossil fuel-reliant U.S. utility grid. Experts say the solar-power industry will need support from government...
...March What's Next special, I presented Sanyo?s HD1 digital pocket camcorder, the first to record high-definition video directly to an SD memory card. Now that it?s available, I took it for a spin...
...real surprise was the HD1?s file compatibility. After my experience last year with JVC?s Everio hard-disk camcorder, I?ve been skeptical of downloading files to the computer to burn to DVD. But Sanyo includes Ulead?s DVD MovieFactory, a rudimentary program for cutting film together quickly and dumping it to DVD. It even has a direct-to-disc feature that lets you burn straight from camcorder to DVD. Of course, the requirement is that your PC has a DVD burner. Also, you will lose the high-definition video resolution when you burn to DVD, but at least...