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| Topic: |
Business
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| Number of pages / Number of words: |
3 / 586 |
Essay's paper body
By holding bracket meetings whenever things deviate, even slightly, from the target margin, corporate keeps its divisions scared and in line.
Going back to this idea of Newell effectively managing its divisions, the case emphasizes how the company places “primary importance on profit performance.†A lot of the credit for the success here can be attributed to the structure of the company...
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Through the efforts of the corporate administrative, legal, and treasury systems, the unique divisions are competently controlled by Newell executives.
The corporate structure also aids its divisional framework by adhering to a very specific hiring system. While many companies might preach about the policies their human resource departments use to find employees, Newell just seems to have a better idea of the type of person who will fit into the firm...
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