Columbia Daily Tribune from Columbia, Missouri • 19

riday May 18 1990 Marketplace Page 19 Columbia Dally Tribune HowTo Get Out Of Your Mortgage Before Your Kids Are Out Of School What ik) vou call a mortgage thai saves you thousands in interest builds equ ity faster and lets you own your home by the time your kids are ready for college? We call it SMART! Moitgage helps you own your home in less time Instead of one big monthly payment you make a half payment every two weeks By reducing youi principal every two vceks you build equity faster And you save thousands in interest No one saves you more or selves you better Make SMART move to Boatmen's today 876 6207 BANK COLUMBIA Memlvi I DIC nvwi BUSINESS IN BRIE Atlas Powder Co plants sold to British company JOPLIN (AP) Atlas Powder Co plant here and the company's other plants nationwide have been sold to a British company Imperial Industries Ltd of London bought the plants for $193 million officials said yesterday Jerry isher manager of the Joplin plant said (he sale would have no immediate effect on the 400 employees ormer stock speculator linked to felon Boesky NEW YORK (AP) The govern ment said former stock speculator John Mulheren Jr schemed with ad mitted felon Ivan Boesky to break the law in a "two way street of mutual advantage" on Wall Street In opening arguments yesterday in the trial of Mulheren and an associ ate assistant US attorney Scott Gilbert said Mulheren manipulated the price of one stock and concealed ownership of others to help Boesky cheat on his taxes and evade federal securities laws Mulheren lawyer Thomas Puccio told the jury his client was innocent calling Boesky the "king of greed who cheated and lied" Philip Morris subsidiary expands into Europe EAST BERLIN (AP) The West German subsidiary of Philip Morris Cos has agreed to acquire the East German cigarette manufacturer VEB Kombinat Tabak for an undisclosed price The proposed acquisition an nounced yesterday between VEB Ko mbinat Tabak and Philip Morris GmbH will allow the New York based food and tobacco company to expand further in Eastern Europe DA under new scrutiny by government panel WASHINGTON (AP) A panel of experts began examining the ood and Drug Administration with an eye toward revitalizing an agency often embroiled in controversy Health and Human Services secre tary Ix)uis Sullivan told the 15 mem ber panel in its first session yester day to "consider whether DA's en ergies and resources are focused on the right objectives" rates to decline by $160 million annually WASHINGTON (AP) American Telephone Telegraph Co said it will lower interstate and interna tional rates by about GO million an nually effective July 1 In a filing with the ederal Com munications Commission yesterday said it would reduce by $100 million its prices for direct dialed in terstate calls during evening hours STRICTLY BUSINESS MARKET TRENDS KerrMcgce 4933 Litton I nd 117BIS MartMsr 43H ONIOK1 imw Hi 1 3 II PacGE 2 Vi Pan Am PanhECp263 I'ennryltr (fl hlliplnd 1 4W Polaroid a 89 35 23V 2333 24W 2433 SOW 77V 443 6 IV 783 62H 1153k 16V 9l' 30 31 22 72V 233 4533 stock Yctcnhy H2U S9 ProctGamb 70 QuakerOatMUHH50W 571 KaUtnTur 83 JleynMetal 53 53 ScNumbrg5eH 49 SrartRoeb 37W 38 Smlthlntnh 1231 SutiBellraTOW5an C3 TRW I nr 49V 491 Texaco 583 i USX COrp 334 UnCarWo 10V 233' Union Pine 24V 281 USWeatt 36' 80 Upjohn ilSl 3811 WalMJrt5IV 41 WMn tJnlpnrlnRI6 WeatghEl 7333 74 oolworth IHI 6 1 63 Indicates aplit or (lock dividend of 25 percent or more in the put 52 weeks MARKET SUMMARY NTW YORK (AP) The itock market climbed to another record high yester day resuming Its recent rally after a brief pause Wednesday The Dow Jones average of 30 Industri als which had slipped 277 Wednesday rose 1203 points to 283171 Advancing issues outnumbered de cline by about five io four In nationwide trading of New York Stock Exchange listed stocks with 832 up 649 down and 505 unchanged Volume on the floor of the Big Board came to 164 77 million shares against 15981 million in the previous session Nationwide consolidated volume in NYSE listed issues Including trades tn those stocks on regional exchanges and in the over the counter market totaled 20175 million shares Most of the gains In stock prices came early in the session encouraged by a brief drop In open market Interest rates As the day passed however rates turned higher Yields on long term gov ernment bonds climbed to the 8 65 per cent 869 percent range New television station starting in Columbia By JANINE IATUS of the staff A low power television station will begin broadcasting June 4 from the roof of the Tiger Kensington General manager Jim Knrpowicz said KONQ TV Channel 2 will offer a mix of old movies nnd commercial programs during the day and the Na tlonal Collego Television network at night The 10 vvatt station will have a strong signal within the city limits but "much outside the city and you won't pick us up" he said The station will rebroadcast KO MU's pm newscast at 7 pm and its 10 pm news at 10:30 Karpowicz said "It allows us another outlet to have people see our news" KOMU gen eral manager Tom Gray said The station will also make "Pepper and riends" and "Missouri orum" available for rebroadcast Gray said just look at other program ming as it goes along" KOMU might also work with the new station on public affairs pro gramming in the future Gray said particularly things that are of local interest but necessarily make the newscast because of time constraints" rom 7:30 pm to 8 pm Karpow icz plans to offer local programming Initially it will include some syndi cated fare but the long range plan is to save that time slot "for things that are locally produced or at least of lo cal interest" At 1 1 pm the station will join Na tional College Television a network that features student produced soap operas comedies and music videos At 4 am the station will switch back to old movies The station has a field unit and Karpowicz is considering covering high school football and basketball games he said and maybe city coun cil meetings Karpowicz 34 received his bache degree in anthropology from the University of Missouri in 1981 His father Anthony Karpowicz the company president came up through the radio ranks in St Louis He now owns a low power radio sta tion in Naples la construction license was approved in July 1989 Its translator is mounted on an existing tower on the roof of the Kensington 23 Eighth St The tower is owned by George Thomas who rc transmits a Kansas City easy listening station from there The station has applied for a Jef ferson City license from the ederal Communications Commission Chan nel 2 will be carried by Capital Cable in the county Discussions are still under way with TCI Cable Karpowicz who has produced films for the state Department of Conservation Cable News Network and other organizations said his sta tion could provide a low cost adver tising option for local businesses powered TV is an opportu nity to get into television at a fairly low cost Then they could maybe work their way up to bigger sta tions" he said Work teams need not be committees Industry Week and Business Week recently highlighted multifunction team based product design and de velopment ortune at the same time chronicled the attraction of self man aging work groups Though long supported both ideas it occurred to me that all three articles and my own work evade a critical issue: How do you keep such teams from becoming committees with plenty of talk but little action? The following guideposts culled from observing successful teams at the likes of 3M and Apple should help 1 Goals hard dates for key sub system tests Committees deliberate Project teams act Successful project teams are characterized by clear goals though paths are left unclear to stimulate creativity Strict due dates for subsystem tests and experi ments are religiously kept 2 One hundred percent assign ment Members must be obsessed by the project Key function members are assigned full time for the duration 3 Key functions on board from the outset Members from sales and dis tribution marketing finance pur chasing operations manufacturing and designengineering are all part of the project team from day one Legal personnel and others provide full time members for part of the project 4 Members commit their func tions With few exceptions members each commit their functions to goals TOM PETERS and due dates without second guess ing from higher ups Top manage ment establishes and enforces this "rule" from the start If commitments of home function are condition al then got a committee 5 Team member destiny in the hands of the project leaders not func tion leaders As a consultant at McK insey Co life was a series of projects Team leaders might be from San rancisco or Sydney Australia cither way their evaluation of my performance made or broke my ca reer 6 Career is a string of projects A career in the minded company" is viewed as a string of multifunction tasks How one docs on these tasks determines career prospects 7 Live together Project teams are sequestered away from headquar ters Team camaraderie and commit ment are a function of hanging out together isolated from normal colleagues 8 The social element Spirit is all important not accidental The chal lenge of the task is central Beyond that the successful team leader facil itates what psychologists call bond ing: signing up ceremonies frequent milestone celebrations and humor ous awards for successes and set backs 9 Outsiders allowed in The team product development notion is in complete without outsiders Principle vendors distributors and test site customers are full time members Outsiders not only contribute direct ly but also add authenticity and en hance the sense of distinctiveness and task commitment 10 Self contained systems T' team has its own work stations local area network data base etc This might mean duplication and if you go too far excessive isolation creates integration problems with the rest of the firm later But mainly try ing to create an got vvhat it takes" environment 1 1 Pick their own leader A cham pion blessed by management gets things under way But successful project teams usually select and shift their own leaders or even choose to be leaderless We should expect that leadership changes over the course of the project as one role and then another dominates a particular stage: engineering now manufacturing lat er distribution later still 12 Approve their own travel Spending authority is not limitless but the team knows that members can for example visit a key custom er dealer competitor etc at the drop of a hat Or it can buy a new workstation or outfit a small lab on its own authority 13 Project leadership skills hon ored in the company No less than a wholesale reorientation of the firm is called for from where functional specialists dominate to where multifunction task teams are the norm Projects be come "the way we get things done around here" Horizontal project' leadership therefore becomes the most cherished skill in the firm re warded by raises and promotions Good team member skills for junior members are cherished and re warded as well ew experts or practitioners dis agree: To halve product development time and constantly improve quality and service all companies must de stroy the walls between functions and commit to perpetual improvement projects But to become project focused re quires more than appointing teams Teams and task forces often have ended up adding to rather than sub tracting from bureaucracy ollow this advice and avoid the projcct turned committee trap The shrewd business favorite word During SAVE riday May 18th Saturday May 19 th EVERY PRODUCT IN OUR STORE SPRWC CLE ARAN CE HARDWARE SOTWARE COMPUTER ACCESSORIES ALSO PRE OWNED PRINTERS AND COMPUTERS (Inspected Ready or Sale) SS i hi MMW Mff vSMwf Sf tMjl 1 17 I Plan To Attend SAVE 2 DAYS Rock Bridge Shopping Center 503 Nifong Blvd 442 0126 ComputerLand9 Business to business Person Io person TOM PETERS 1 8 I I 4.