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| Topic: |
Business
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| Number of pages / Number of words: |
6 / 1418 |
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Though the company grew in size, turnover and profitability during his tenure given his style of leadership, with centralized authority, a rigid structure, a risk averse culture the company started underperforming the market. This continued for 11 years out of 15 years between 1981 and 1996. Therefore in 1996 Lord Weinstock had to stand down...
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This continued for 11 years out of 15 years between 1981 and 1996. Therefore in 1996 Lord Weinstock had to stand down. Though company underperformed but still it had sound financial and market standing in its existing business with the revenue of 1 billion pounds.
The SIMPSON ERA (1996-2000)
AFTER WEINSTOCK GEORGE SIMPSON TOOK over as the Managing Director in 1996...
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