PRODUCT STRENGTH: THE ESSENTIAL FEATURE.
In: Accountancy, Jg. 103 (1989), Heft 1145, S. 89-93
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Zugriff:
This article presents an interview with David Barber, chief executive of Great Britain-based Halma Holdings PLC, about the company's earnings per share that have grown steadily per annum. The company was listed in The Stock Exchange in 1894. It changed to a Rubber Estate company in the thirties and then, in 1956, it became Halma Investment Ltd. The acquisition policy of the company is unusual. It is directed towards maintaining the company's essential characteristics, while simply growing larger. It have a phenomenal operating performance. The group as a whole has a return on capital employed of about 45 percent with goodwill written off. Its product strength can come from a variety of sources, it can come from patents, from relatively dominant market position and from technological know-how. The executives of the company believe that it has a tremendous potential for further growth on the same principles that they have adopted so far, and they hope that they have an organisation which is very flexible for further growth. The balance between the ability of the management and the size of the company is very crucial. If the company has got diminishing prospects of meeting the performance targets, the company is prepared to dispose it.
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PRODUCT STRENGTH: THE ESSENTIAL FEATURE.
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Autor/in / Beteiligte Person: | Sugden, Alan |
Zeitschrift: | Accountancy, Jg. 103 (1989), Heft 1145, S. 89-93 |
Veröffentlichung: | 1989 |
Medientyp: | serialPeriodical |
ISSN: | 0001-4664 (print) |
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