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Are you prepared for the Euro?

Article Abstract:

Prestige Software International Senior VP Laura Hills explains the challenges that go with the introduction of the new single currency in Europe. She predicts that the euro would expand intercountry trade, increase competition levels and make the operations of treasury firms in the region much simpler. It also has important implications for the information technology departments of multinational companies dealing in Europe. To ease the burden of these organizations, a three-year transition period is allowed before the euro is launched as denomination bank notes and coins in the year 2002. Hills says that financial managers and accountants can learn the accounting procedural changes related to the event by consulting the published journals released by the European Commission or visit its Web site.

Evaluation, Interview, Euro (Currency), Single European market, Hills, Laura

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Becoming a world-class operation

Article Abstract:

Norfield Industries Pres Bruce Norlie began implementing world class manufacturing at his company in Apr 1987. The process has brought tremendous change to the company. Management has become receptive to new suggestions, and workers have learned how to make decisions and how to solve problems. Norlie considers small, continual improvements the essence of employee involvement in world class manufacturing. Employees have become more aware of customer needs, and continually seek new ways to eliminate waste. Norlie believes that US industry must adopt the concepts of world class manufacturing in order to remain competitive in global markets.

Management, Innovations, Products, Norlie, Bruce, Norfield Industries

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