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The best big organization will win

September 27th, 2007 by James Moss in Articles, Consolidation

A senior steel industry manager who had just been offered a promotion to head office was reflecting on his choice. Looking for guidance, he asked a colleague for advice. ‘Just add value,’ was the terse reply. His implication of course was that corporate ‘overhead’ usually doesn’t. His deeper implication was that real value is only added in the operating units. In the new world of the steel industry, that bias could be costing steel companies growth and performance.

Steel industry employees have long been suspicious of corporate headquarters - with good reason.

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