Word: sluggishly
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Despite recent sluggish sales, tobacco executives and cigarette-industry watchers believe the market will pick up as the recovery gathers strength and consumers become accustomed to the higher taxes. Says Horrigan of Reynolds: "We've bottomed out absolutely. We have a lot of strength." Cigarette-industry officials can only hope that Horrigan is not just blowing smoke...
Sales of the diet candy had been sluggish for years when Jeffrey Martin took over the product. Says Martin Himmel, company president: "We have repackaged it, redesigned it, readvertised it and given it a new breath of life." Perhaps as a result, retailers say, the disease is not hurting the product. Says Elliot Dworkin, vice president of Revco D.S. Inc., which operates 1,661 drugstores in 28 states: "Ayds sales have never been better...
...sluggish pace of business for the family firm during those years gave Winthrop the time to pursue outside activities, he wrote. Assessing the triumphs and the disappointments of his career in the report, he concluded: "I have no regrets that things turned out as they did for I have had a most satisfying life...
...since 1970. In roughly the past decade the number of jobs in the European Community has risen only .5%, in contrast to 15% in the U.S. Says Pehr Gyllenhammar, president of Volvo, the Swedish car manufacturer: "Europe has grave problems-no growth, more people without jobs, little investment and sluggish productivity. Europe is not creating new resources, but is declining under the pressure of increased competition. When things are dying, we do not let them die any more. Companies do not go bankrupt the way they used to do. We try to restructure, preventing the creation of dynamic new industries...
...cures. Industrial Renaissance (Basic Books; 194 pages; $19) places the blame for America's ills squarely at management's door. According to William Abernathy and Kim Clark, two Harvard business school professors, and Alan Kantrow, a Harvard Business Review editor, the problems are not due to a sluggish economy, overpriced labor or predatory competition from abroad, but to managers who "view their work through a haze of outdated assumptions and expectations." The book is an expanded version of a controversial 1980 article by Abernathy that was published in the Harvard Business Review under the title "Managing...