Word: product
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Dates: during 1970-1979
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Today Kenya's economy is heavily dependent on foreign aid, which now totals $300 million a year, or about 10% of the country's gross national product. Explains an Agency for International Development economist stationed there: "People like to give money to Kenya. It's a sexy country...
DeLorean alleges that in the early 1960s, Chevrolet had two moles working in Ford's product-planning area. "For a price," he says, they "passed on new product information...
...adds in Wright's book, "these same men in a business atmosphere, where everything is reduced to costs, profit goals and production deadlines, were able as a group to approve a product that most of them would not have considered approving as individuals...
...limitations of board representation in isolation. Buried inside the stories about Fraser's nomination to the Chrysler board were a few lines describing another union proposal, which would establish joint worker-management committees on all levels within Chrysler. The committees would cover such issues as plant closings and locations, product planning, and pricing. The UAW justifies such a committee structure by claiming that Chrysler has "for too long ignored the potential input of Chrysler employees in favor of the decisions of a few individuals, whose poor judgment repeatedly led to monumental operating losses and a weakened financial structure...
Chrysler's troubles are part of a deeper problem that will undoubtedly recur in coming years--the decline of the nation's traditional heavy industries, largely a product of the energy crisis and changing national needs. Congress and the nation must begin thinking of how to achieve an orderly transition away from aging industries, to where the future industrial potential of the United States lies. Salvage jobs may not be the long-term answer...