Word: successful
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Dates: during 1980-1989
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...reason the Soviets are so enthusiastic about attracting ventures from the West is that they can see the budding success of such arrangements by their East European neighbors. According to a report released last month by the U.N. Economic Commission for Europe, the number of Western joint ventures in the East bloc has surged from just five in 1981 to 166 last year. Hungary leads the Soviet bloc in joint ventures, with 140 formed since 1972. Western firms are allowed to own the majority share of a venture in Hungary, and sometimes receive generous tax breaks. Yugoslavia, the first East...
...policies and outright opposition. Earlier this month the Soviet leader acknowledged that perestroika "has simply frightened people; quite a few have lost their bearings." Even so, he went on, he was not about to back off: "We have every reason to say that the decisive struggle for the success of perestroika has begun." And it will go on with a team more precisely tailored to the boss's wishes...
...social workers to take children away from their parents "simply because their homes had no indoor plumbing," says David Getches, an expert on Indian law at the University of Colorado. Because it has discouraged such abuses and kept more Indian families together, says Getches, the legislation is a "success story...
...light bulb, I'll pick GE's. For jet engines, I'll stick with Pratt & Whitney!" Nearly all jet airliners built at that time, notably the long-range Boeing 707 and shorter- haul McDonnell Douglas DC-9, were powered by engines carrying Pratt & Whitney's eagle emblem. GE, despite success in developing high-thrusting jet engines for the military, ranked a distant third after Pratt & Whitney and Britain's Rolls-Royce in selling the more fuel-efficient engines needed for passenger planes. Admits Brian Rowe, 56, the burly head of GE's Ohio-based aircraft-engine group: "When we first...
...persevered, and is now the world's dominant engine builder by a commanding margin. Last year GE captured an estimated 63% of the market, compared with 27% for Pratt & Whitney and 10% for Rolls-Royce. The company's success is a classic lesson in the value of patience and persistence, as the design of a new jet engine is a devilishly long-term process that can consume at least five years and more than $1 billion. GE took a more astute aim at the aircraft market of the future, while Pratt & Whitney failed to develop a full range of quieter...