Word: todays
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Dates: during 1990-1999
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...today's standards, Rozelle was vastly undercompensated, given the wealth he created for the NFL's owners. He was a special case: the business giant who didn't lust for financial fortune and overt personal dominance. But if the measure of business success is the creation of new enterprise, then Rozelle was one of the greats. Once, late in his career, after it was clear what he had accomplished, Rozelle was asked by a reporter if he had an ego. Pete Rozelle replied that if you took all the egos in pro sports--the players', the coaches', the owners...
From the outset, Morita's marketing concept was brand-name identification and brand responsibility: that the name would instantly communicate high product quality. This is a marketing concept widely used by companies today. But at that time most companies in Japan were producing under somebody else's brand name. Pentax, for example, was making products for Honeywell, Ricoh for Savin and Sanyo for Sears...
Though it's hard to believe today, discount retailing was a controversial concept when it began to gain ground in the '50s at stores such as Ann & Hope, which opened in a reclaimed mill in Cumberland, R.I. Traditional retailers hated it, and so did manufacturers; it threatened their control of the marketplace. Most states had restrictions on the practice...
...operations. He realized that he could not grow at the pace he desired without computerizing merchandise controls. He was right, of course, and Wal-Mart went on to become the icon of just-in-time inventory control and sophisticated logistics--the ultimate user of information as a competitive advantage. Today Wal-Mart's computer database is second only to the Pentagon's in capacity, and though he is rarely remembered that way, Walton may have been the first true information...
...follow? Microsoft's first browser, Internet Explorer 1.0, was licensed from a company called Spyglass. It was an afterthought, available off the shelf as part of a $45 CD-ROM crammed with random tidbits, software antipasto, odds and ends you could live without--one of which was Explorer. Today Microsoft is the world's most powerful supplier of Web browsers, and Gates really has it made. The U.S. Justice Department is suing Microsoft for throwing its weight around illegally, hitting companies like Netscape below the belt. The trial is under way. Whoever wins, Gates will still...