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| Topic: |
Business
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| Number of pages / Number of words: |
5 / 1340 |
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Everything was focussed on operating efficiency based on extensive spending controls and the initial “Newellizationâ€-process.
In former times the whole corporation was centralized, but through gaining growth, adaptations needed to be done. Besides centrally organized corporate functions, individual responsibility for manufacturing and marketing and eventually profit-centre were introduced...
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Besides centrally organized corporate functions, individual responsibility for manufacturing and marketing and eventually profit-centre were introduced. By doing so Newell tried to maintain its “entrepreneurial drive†and heat up competition between the departments. Not only wanted Newell to grow through acquisitions, but also through internal growth...
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