Subject:
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Re: TLG press release - not a crisis?
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Newsgroups:
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lugnet.general
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Date:
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Sat, 23 Jan 1999 14:25:13 GMT
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Reply-To:
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LPIEN@IWANTNOSPAMnomorespam.CTP.COM
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Viewed:
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926 times
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Dollars to 2x4 bricks that this was ghosted for KKK.
See my rant in dear-lego just now. I had some time to think about this
after my meeting with the manager at LIC last night.
Thomas Main wrote:
>
> Eric Brok wrote:
> >
> > http://www.lego.com/info/pressspecific.asp?PressReleaseId=50&Year=1999
> >
> > Eric
>
> Indented material quoted from the press release:
>
> A DKK 1 billion improvement
> We have to sharpen our demands for our business system,
> but there also has to be room for both development and new
> activities. The Executive Team has therefore decided on a
> target of an improvement of DKK 1 billion in our annual
> result.
>
> DKK 1 billion is equal to approxiamately $155,678,367. Does this sound
> overly-ambitious to anyone else? I have a hard time thinking in figures
> like this :)
>
> This will not be achieved through mindless cuts but through
> the systematic implementation of efficiency measures,
> including the elimination of duplication, unnecessary
> bureaucracy, the purchase of services that are too costly
> and
> so on.
>
> I have always wondered about how Lego spends its money. They apparantly
> bought some sort of printing/publishing company last year, they invest
> in the Modulex architectural sign company, etc. It seems that these are
> some areas that should be examined for efficiency cuts. And they might
> think about selling that historical doll collection they bought for an
> outrageous amount of money...
>
> The overall tone of this press release seemed odd to me. I realize that
> KKK probably doesn't speak English as his native language and that this
> was written to employees and as a press release, but I would have
> expected something more...professional?...than a "Fitness Programme
> [...that will] put us back on course." I suppose the details of
> management and decision-making were what I was looking for. Maybe once
> this committee has made some decisions...
>
> our product concept and our main business activity- based on LEGO
> bricks -
>
> I was happy with this wording, even in the context of licensing. Lego
> bricks really ARE Lego's core business. I think if they can concentrate
> on that, they'll be ok.
>
> Interesting stuff...can't wait to hear more :)
>
> --
> Thomas Main
> main@appstate.edu
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Message is in Reply To:
 | | Re: TLG press release - not a crisis?
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| (...) Indented material quoted from the press release: A DKK 1 billion improvement We have to sharpen our demands for our business system, but there also has to be room for both development and new activities. The Executive Team has therefore (...) (26 years ago, 22-Jan-99, to lugnet.general)
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