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FROM
THE SUMMIT
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Where do you invest your money after the bubble bursts?
A message from Dan
Carp Chairman and CEO, Eastman Kodak Company
2000 was, in retrospect, a year
that kept the investment analysts and economic pundits working overtime.
Last year, the U.S. economy was
red hot, and the so-called “new economy” was even hotter. Today, as you scan
the business headlines, the key word is "slump"...consumer confidence
is in a blue funk...and the NASDAQ couldn’t get much flatter.
The question for investors now
becomes, "Where do you invest your money after the bubble bursts?"
Let me suggest three possible
answers. First, it makes sense, now more than ever, to invest in strong
brands. Because when times are tighter, consumers are less inclined to risk
their money on a new or unknown name.
Second, invest in products and
services that offer high satisfaction at a low price. In other words,
value-for-the-money is king.
Third, it might be wise to seek
companies that are adept at generating cash. Those are the firms that will
continue to invest in themselves and prepare for growth, regardless of the
economy. <more>
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What corporations need
to do to Leverage Knowledge for Growth?
Mr. Anil Ambani :
Managing
Director of Reliance Industries, India.
Excerpts from a speech at the India
Economic Summit 2000
In the future,
we, at Reliance, intend leveraging our entire knowledge base, and our core
competencies of complex project management, motivation and retention of
knowledge workers, and unique financial engineering capabilities, to enhance our
leadership in existing businesses, and capture growth opportunities in new
areas.
We will be playing a leadership role in the creation of a world class digital
infrastructure in India, which will pave the way for rapid economic growth in
the country, and transform the dream of generating tens of billions of dollars
of revenues from IT enabled services into reality.<more>
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Three Roads to Growth
John F. Welch Jr. :
Chairman and CEO of General Electric.
Excerpts from a speech
delivered
at the Annual
General Manager.
In this intensely competitive environment there is enormous growth
awaiting those companies who can provide true high-technology service solutions
to customers, making those customers more productive, lowering their costs, and
helping them become more competitive in their marketplaces.<more>
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The Role of
Glass In 21st Century
Roger
C. Ackerman: Chairman of Corning.
Excerpts from a talk delivered at International Congress on Glass held at San
Francisco.
When
you talk about the new area of communications, words like
progress, evolution and change are simply inadequate. We
are witnesses to a revolution. And optical fiber made of
glass is on the front lines. From
chips, to screens, to networks, to a new future of computing by
light alone, without glass there would be no revolution.<more>
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Role and importance of the Internet and of 'IT as an
enabler'
Mr. S. Ramadorai: CEO of Tata Consultancy Services,
India.
Excerpts from a talk delivered at
Commonwealth Business Council at London on November 23, 2000.
The Internet is creating a perfect market scenario where
market participants, unfettered by constraints of time or space have increasing
access to information with which they can make increasingly informed choices,
while all the world is their playing ground.<more>
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Bio Sciences: Building a
better future for consumers
Niall
FitzGerald: Chairman of Unilever PLC.
Excerpts from a talk delivered on the occasion of the Opening of the biosciences
laboratory, Colworth House, UK
Some
Opportunities are still
waiting to be taken up. I was delighted to hear the minister mention the
future potential of the Genome Valley report as a basis for a continuing
partnership between industry and government. As he pointed out in his
speech, that report underlined the enormous potential and strategic
importance of biotechnology and genomics to the future of the UK.
<more>
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