Is 'Monsieur Serge' drowning in a sea of lawsuits?
Article Abstract:
French entrepreneur Serge Crasnianski's privately-held multinational firm Kis (for Key Independent Systems) had estimated 1984 sales of $200 million, with subsidiaries in 67 countries. Sales are said to have fallen over 15 percent in the last two years. European, US, and Australian lawsuits are being prepared charging Crasnianski with fraud and misrepresentation. Profitability, reliability, and production capacity of Kis photo printing mini-labs are alleged to have been misrepresented through high-pressure sales tactics. Crasnianski strongly protests the claims, but acknowledges that impatience to succeed caused some of his problems. A court-appointed expert in a Swiss lawsuit says that poor quality of the mini-labs is the main cause of Crasnianski's current troubles. Other Kis business has been in key duplication, printing machinery, color photocopiers, cookie machines, and shoe repair equipment.
Publication Name: International Management
Subject: Business, international
ISSN: 0020-7888
Year: 1987
User Contributions:
Comment about this article or add new information about this topic:
The view from the management poubelle
Article Abstract:
The French habit of firing executives for their political persuasions is unique in Western Europe, and each time the government changes hands, so does the top management of French state-owned firms. New ruling parties opt for free distribution of political spoils, regardless of what is sensible for state-owned companies. The resulting damage is both in terms of international competitiveness and continuity of strategy.
Publication Name: International Management
Subject: Business, international
ISSN: 0020-7888
Year: 1988
User Contributions:
Comment about this article or add new information about this topic:
- Abstracts: Outsourcing IT in a changing world. The hard and soft sides of IT outsourcing management. IT outsourcing: evidence from France and Germany
- Abstracts: Sparking Fiat Back to Life. The Mixed Scorecard of Japanese Management Abroad. The Trashing of the De Lorean
- Abstracts: High-tech startups: searching for that elusive management formula. Club Med management gives up some of its free-wheeling style
- Abstracts: Why the 'agents of change' are becoming the victims of change. Nokia: Finland's electronics samurai aims for the stars
- Abstracts: Crazy for European luxury. The straight-talking computer that leaves managers stunned. The art of using a computer to plot personal relations and make friends