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Globalization is probably going to be the best forcing function in teaching industry how to be fast, focused, and flexible in developing and building affordable products.
(General Motors, Annual Report 1997) |
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Through increasing globalization, the tendency here is also to combine with other large enterprises in order to exploit economies of scale.
(Daimler Benz, Report Business combination Daimler-Benz/Chrysler, 1998)
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Globalization is one of the engines of General Electric growth, now and well into the next century. There will be dislocations and speed bumps on the road to prosperity in all the world’s critical markets, but one cannot afford to write off any region in difficulty. Bad business management or bad government policies that weaken competitiveness can be remedied by tough restructuring and policy change.
(General Electric, Annual Report 1997)
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To help employees manage their jobs more effectively and more flexibly, we looked at ways to eliminate non-value-added work that didn’t support Merck’s strategy for growth. And we increased the use of alternative work arrangements, such as flex-time, telecommuting and job-sharing.
(Merck, Annual Report 1997)
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What prompted this series is what some economists call "globalphobia" - a fear among many Americans that increasing globalization of the world economy is bad for the nation. As a company with more than a century of international experience, we know that trade does matter. We know the benefits and the problems of trade. Overall, we’re convinced trade improves the lives of Americans.
(Mobil, Website, 1998) |
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Industry consolidation and increased globalization will require us to respond more quickly to changing customer needs and to add value through improved service.
(Exxon Corporation, Annual Report 1997) |
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In developing countries around the world - places such as Brazil, China and India - we are witnessing a trend toward the liberalization of economic policies. For the first time in many nations, governments are altering their policies in favor of private energy infrastructure investments that will strengthen their economies and position them to compete in the global marketplace.
(Enron, Annual Report 1997)
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Deregulation and globalization of the financial system appear to be progressing at a fast pace, and, for the operations of banks, becoming an active leader in the new financial era will demand major decisions and bold strategies.
(Sanwa Bank Ltd., Annual Report 1997) |
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The company’s complementary work force comprises equivalent full-time employees hired under temporary, part-time and limited-term employment arrangements to meet specific business needs in a flexible and cost-effective manner.
(IBM, Financial Report 1996)
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The chemical and pharmaceutical industry is a growth sector that stands to benefit substantially from the globalization of the economy and from new technologies. Bayer is a key player with the expertise needed to take advantage of the opportunities that arise. Our stockholders will share in our success.
(Bayer, Annual Report 1997)
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To align the objectives of Chase business managers more closely with those of shareholders, the primary measure of accountability has been changed to "shareholder value added" - which we define as net income, on a cash basis, less an explicit charge for capital. This will encourage managers to eliminate assets that do not earn an acceptable rate of return, freeing up capital that can be reinvested profitably or returned to stockholders.
(Chase Manhattan Corp., Annual Report 1997)
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