Word: ibm
(lookup in dictionary)
(lookup stats)
Dates: during 1960-1969
Sort By: most recent first
(reverse)
Quick to Rise. Last year 50 firms interviewed students at INSEAD, and at least that many are expected this year, including such companies as IBM, Shell, Nestle, Air France, Du Pont, Phillips and Texas Instruments. Of INSEAD's 400 graduates, 60% have achieved managerial positions within two years. Some 80% of the graduates land in international companies. INSEAD's Giscard believes that "in less than ten years 600 or 700 of the largest international companies will achieve more than two-thirds of all world production." When that time arrives, INSEAD hopes, the men on the top will include...
Despite his occasional fears about this dependence, man is joining with the machine in what IBM Chairman Thomas J. Watson Jr. calls "a dynamic alliance." Business is what makes a nation run-and computers increasingly are what make business run. They not only handle such routine matters as paper work, payrolls, billing and inventories, but are also assuming a large role in production and decision making. Computers already control many of the production processes in the paper, petrochemical, petroleum and steel industries. At Western Electric's "Plant of Tomorrow" in Kansas City, they control the billing, shipping and warehousing...
...people. This year they will put at least 8,000 more computers into operation. The industry offers 250 commercial models of machines, ranging in price from the $8,800 Data Systems DSI-1000 to the $4,300,000 Control Data 6600, and in size from the 59-lb. IBM computer aboard Gemini to machines as heavy...
...IBM is far and away the leader in the field, both in the U.S. and abroad. It has so far installed 13,000 computers in the U.S. and another 3,000 in Western Europe, where industry and laboratories are just beginning to computerize. The payoff: 74% of the U.S. computer market, a dominance that leads some to refer to the industry as "IBM and the Seven Dwarfs." The dwarfs, small only by comparison with giant IBM: Sperry Rand, RCA, Control Data, General Electric, NCR, Burroughs, Honeywell. The computers have also spawned the so-called "software" industry, composed of computer service...
...such as IBM Economist Joseph Froomkin feel that automation will eventually bring about a 20-hour work week, perhaps within a century, thus creating a mass leisure class. Some of the more radical prophets foresee the time when as little as 2% of the work force will be employed, warn that the whole concept of people as producers of goods and services will become obsolete as automation advances. Even the most moderate estimates of automation's progress show that millions of people will have to adjust to leisurely, "nonfunctional" lives, a switch that will entail both an economic wrench...