Word: trustfulness
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...says MacDuffie, "relies on contributions from employees. It feels vulnerable, but your willingness to be open to that vulnerability is what helps you make it work." In the 1980s and part of the '90s, the top-down culture of the Big Three could not absorb that kind of deep trust...
...then abandoned when the underground liquid at the other end of the drill was found to be too acidic. Since then, the industry has learned how to address that problem by adding chemicals to the mix, and geologic exploration is underway again. "I think a lot of investors trust Icelanders for what they're doing. They understand the risks involved," says Zammy Sarmiento, president of Biliran Geothermal Inc., the group that won the concession...
...until recently they've had a mixed track record. The earliest fluorescent models were expensive and clunky, and that put many consumers off. "A lot of people still think that energy-saving light bulbs are too large and too dim," says James Russill, a lighting specialist at Energy Saving Trust, a British nonprofit consumer advisory group. That's finally starting to change, for three reasons. The first is that the technology has improved immeasurably thanks to LED, which consists essentially of semiconductors coated with phosphorus. Second, prices have come down to the point where a high-tech lamp doesn...
Lighting companies the world over are scurrying to capitalize on these shifts, including heavyweights Osram and GE. "The industry has been extremely proactive," says Russill of the Energy Saving Trust. Philips is making some of the biggest bets. Over the past two years, it has spent more than $4 billion on acquisitions aimed at positioning itself as a leader in digital, low-energy lighting. The plant outside Antwerp belonged to the consumer-lighting market leader Partners in Lighting, which Philips bought in 2006. The company followed that purchase a year later with the $2.7 billion acquisition of Genlyte...
Another similarity: the self-assurance of the Clint character, an almost religious trust in first impulses, is reflected in Eastwood's method as a film director. Others take years to nurse a project; Eastwood revved up Gran Torino in June, started shooting in mid-July and had his final cut by the end of October. This cool efficiency endears him to screenwriters (if he likes a script, he shoots it without demanding a million rewrites) and most actors (if he likes Take 1, he prints it and goes to the next scene). Hey, it's only a movie. And often...