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| Topic: |
Business
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| Number of pages / Number of words: |
5 / 1337 |
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Inconsistency in using this type of style resulted in the rise and fall of the US conglomerate "Beatrice". Beatrice was a leading diary firm that embarked on unrelated product diversification. By 1975 only 21% of its earnings were in diary. Its acquisition targets were private family-run businesses whose owners (turned division managers) were largely left alone as long as financial results were satisfactory...
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Sales grew from $235 million in 1952 to $5.6 billion in 1976. By 1976 it operated in 27 countries. With two new CEOs between 1976 and 1985 Beatrice moved toward more centralization by organizing the firm into six groups in search of "synergies". Headquarters staff increased by 400% over the period and the second CEO had a tendency to get involved in operational details...
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