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Sheets’ goal was to bring a personal touch to an industry known for its uniformity and stressed-out customers.
Management by objectives is a work performance review system that involves setting specific and challenging goals and then reviewing employees’ progress towards achieving those goals. Siemens unit in the Bavarian town of Forchheim was getting beat up by rival General Electric Co. and shareholders were nagging Siemens to dump its medical equipment unit. The workers signed off on Kleinfeld’s plan, which helped cut the time it took to build a $100,000-plus diagnostic scanner from six weeks to one...
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