Article Abstract:
National Freight Consortium PLC, a British freight and parcel delivery firm with $730 million in sales and only $24 million in profits in the fiscal year ending September 1983, is unusual in that 13,300 of its 24,000 employees and 18,000 pensioners own 83 percent of its shares, with banks holding the rest. In the transition from a comfortable government-owned company to one competing in open markets, National Freight has been led by Peter Thompson, the firm's chairman and CEO, whose enthusiasm and communications talents have created incredible loyalty throughout the firm. National Freight's less-than-stellar financial history and how the employee-shareholders and Thompson are able to work together to turn the company around are described.
User Contributions:
Comment about this article or add new information about this topic:
Article Abstract:
Co-authors of In Search of Excellence Thomas J. Peters and Robert H. Waterman, Jr. have each written new studies individually. Peters' Thriving on Chaos and Waterman's The Renewal Factor both emphasize the role and importance of corporate change. Both authors suggest that businesses that fail to anticipate change may fail. Both authors also suggest that US international dominance is over and that the US is now simply a big player in an interdependent business world.
User Contributions:
Comment about this article or add new information about this topic:
Article Abstract:
Belmiro de Azevedo is the leader of Portugal's largest private sector company, the Sonae Group, encompassing 40 medium-sized companies, ranging from manufacturing chipboard laminates to tourism. de Azevedo is attempting to expand the organization abroad by listing the company on the London Stock Exchange. The move to go international has been blocked, however, because Sonae is currently involved in a struggle with Portugal's tax authorities.
User Contributions:
Comment about this article or add new information about this topic: