Word: making
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Dates: during 2000-2000
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...still low in India, but they are a lot higher than in the past, and the result is a growing middle techno-class. Rohini Ramdas and Rohit Mani are a young Bangalore couple, married just eight months and facing the usual struggles of trying to furnish an apartment and make the monthly car payments. They are software engineers at a subsidiary of ANZ Grindlays Bank. They work long hours for a combined income of nearly $17,000 a year, though annual raises can reach 50%. "This industry is so cushy, so comfortable," Mani says. "My peers in manufacturing have...
...appeal. There are other cost advantages. Because it's expensive to establish contact with small-business customers, vendors are willing to cover all the transaction costs. And letting vendors battle in cyberspace drives the price down for the buyer. At cyberspace auctions, vendors know they have competitors and make every attempt to offer the best price. Auction sites are placing an increasingly high priority on prequalifying vendors, screening out sketchy suppliers and creating an important safety net for small businesses. "Knowing vendors are qualified can save a lot of time and money," says Simpson. "In some cases, small businesses have...
...will happen anytime soon, according to Melissa Shore, a senior analyst at Jupiter Research. "The reason proprietary exchanges work with the big automakers is that they dominate the marketplace and suppliers have to come to play," she says. "Small businesses still don't have enough power or money to make that happen...
...more professional mentality," says patriarch and chairman Vittorio Frescobaldi, 70, with a laugh. "We needed to change the mind-set." To do that, Geddes hired staff from the likes of Procter & Gamble and Arthur Andersen to work with family members. "I convinced the family that everything had to make financial sense," says Geddes...
FOOD FLIGHT The prospect of rubbery chicken and overdone pasta is enough to make frequent flyers want to grab a bite before getting on a plane. Now research shows that a snack and drink (nonalcoholic) an hour before flying reduces the odds of a heart attack or fainting spell while on board. Don't overdo it with a heavy meal, but nourishment increases blood flow, which in turn delivers more oxygen to the body's organs--including the brain and probably the heart...