Word: sluggish
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...automakers' new efficiency is strikingly apparent. They have been piling up profits on sales that are currently running at an annual rate of only about 6.8 million cars and 2.6 million trucks. That volume would make 1983 the fourth most sluggish year for autos since 1961 (the slowest pace: 5.7 million cars in 1982). This year's results are likely to be only some 4.6% better than the depressed level of 1980, when Detroit sold 6.5 million cars and lost a total of $4.2 billion. Last week domestic manufacturers said they sold cars at an annual rate...
...Communications' Atari, which pioneered home video games with such classics as Space Invaders and Asteroids, has lost $356 million so far this year, dropped 3,000 employees from its payroll of 10,000 and finished moving all its manufacturing facilities to Hong Kong and Taiwan. Plagued partly by sluggish sales of Intellivision games, the electronics division of Mattel has run a $201 million deficit in 1983, while laying off 37% of its 1,800-member work force. Activision estimated that it lost $3 million to $5 million in the past three months despite scoring hits with its new Enduro...
Published at the tail end of the most painful recession since the Great Depression, In Search of Excellence could hardly have been more timely. American business, criticized for its sluggish productivity growth and stung by foreign competition, was searching for solutions. For a while, books on Japanese management, like Theory Z, were the rage. Then many executives became intrigued with The One Minute Manager, a piece of pop psychology claiming that employees could be spurred to greater productivity by "one-minute praisings" and "one-minute reprimands." Written by Management Consultant Kenneth Blanchard and Psychologist Spencer Johnson, Manager has been...
...offbeat investment prospect? Well, consider a St. Paul company called American Hoist & Derrick. A typically depressed heavy-equipment manufacturer, Amhoist lost $21.8 million last year and is expected to wind up in the red again this year. Two of its primary markets, the petroleum and timber industries, remain sluggish. Its stock has been sagging in the bull market and now sells for $15, vs. a high of $26, reached...
Harvard's offense remained sluggish through the first half and through most of the second...