Word: bottom-up
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Indeed, Jobs, more clearly than any of his contemporaries, recognized the computer as a tool not for top-down corporate repression but for bottom-up individual empowerment and creativity, a lifelong article of faith to which Apple and Pixar today bear living tribute. Before launching into his evangelistic spiel from the Flint Center stage last week, Jobs briefly eulogized Sony founder Akio Morita, grandfather of the consumer-electronics industry, who had died just a few days earlier. "He expressed his love for the human species in every product he made," Jobs said in a clear, quiet voice...
...hands of consumers, Obuchi's program saves the economy (to say nothing of his political career) and gets consumers to finally start spending. In time, that growth encourages Japan's out-of-date manufacturing firms to begin a difficult restructuring. The result is a top-down, bottom-up postindustrial revolution. And though the government has to go into hock to pay for the resuscitation, it eventually repays its deficit on the back of a newly resurgent Japan...
...decade in which the U.S. had to dramatically restructure its economy for a new, postindustrial age after the violent recessions of the 1970s and early '80s. And the revolution was accomplished with the help of lavish federal deficits (which are only now being paid down), tax cuts and extensive, bottom-up restructuring that transformed dinosaurs like Ford into world-class competitors. Ever since the Meiji era, when the nation ended centuries of isolation, Japan has proved expert at adopting American ideas to its own revolutionary needs. In the eyes of investors, at least, that would suggest that the Nikkei...
...periscope and regain some perspective on the world," he says. You see, if Gates was Glaser's business role model, Cesar Chavez was his muse. A grape boycotter from way back, Glaser wrote a college-newspaper column called "What's Left" and has always been passionate about bottom-up grass-roots movements. Money, as far as Glaser is concerned, can be damned. "I'm not interested in the purely economic end of this anymore than Pavarotti is interested in getting paid to sing," he says...
Johnson, along with other Fidelity executives, insists that the company's homegrown style of managing portfolios doesn't need much fixing. Fidelity's rise to the top of the industry has been underpinned by what is called bottom-up investing-- basically outworking the competition, digging deeper for information, discovering growth companies before anyone else does and holding on to them until they blossom...