IBM announces details of plan to break its business into more autonomous pieces
Article Abstract:
IBM announces plans to break up its centralized approach to management and give each of its business units a more autonomous role in management. The move by the large computer maker is seen by industry analysts as a move to remain competitive. IBM does not plan to do the reorganization at a fast pace; rather, it sees its recent moves as steps toward more radical changes. Among the changes include the move to make the data storage and printer units separate entities. Previously, they were part of the mainframe business. IBM Chmn John Akers foresees growth in 1992 and a move towards gaining market share. The company also plans to continue to seek strategic alliances similar to the ones it has made with Apple Computer Inc and Motorola Inc.
Publication Name: The Wall Street Journal Western Edition
Subject: Business, general
ISSN: 0193-2241
Year: 1991
User Contributions:
Comment about this article or add new information about this topic:
IBM is said to plan tougher reviews of performance of employees in U.S
Article Abstract:
IBM plans new guidelines for evaluating employees in a move aimed to further reduce the company's work force. A few thousand employees will probably be cut as a consequence. The new guidelines involve a way to rank employees on a numerical scale. Anyone ranked below a three will face a deadline to improve or be fired. The program will not begin until 1992, but many employees are expected to leave this year because they can take advantage of a generous severance-pay arrangement. Severance pay would be less in 1992. The company also plans to give more awards to employees who perform well.
Publication Name: The Wall Street Journal Western Edition
Subject: Business, general
ISSN: 0193-2241
Year: 1991
User Contributions:
Comment about this article or add new information about this topic:
- Abstracts: N.V. Philips unveils first phase of plan to scale back its computer operations. N.V. Philips sees profit declining in 2nd period, 'very low' for year: amid management shift, warning comes in bid to regain credibility
- Abstracts: Microsoft confirms that FTC probe into its business has been expanded. Nintendo to ease restrictions on U.S. game designers
- Abstracts: IBM mulls making its business lines more independent. IBM sets up extensive bonus program for 1992 in bid to motivate employees
- Abstracts: AT&T and NCR face major decisions on strategy as holder vote approaches
- Abstracts: Compaq's Canion is unexpected casualty of the brutal personal-computer wars