Too Broke to Go Bust
When it seemed this in-plant was about to close, one employee took charge and turned things around.
Nancy’s financial overview revealed another situation: the in-plant’s prices hadn’t changed in years, and some were badly out of whack. The most flagrant examples were comb-bound books for five cents each, plus the comb’s cost, and hand labor for $15 per hour, no matter how many people were working on the project. She revamped pricing to more realistically reflect costs and bring in more income.
- Companies:
- Xerox Corp.
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