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Penguin Books: Introduction to Modern Business

The aim of this essay is to comment on how, over the last six years Penguin Books Limited has grown and managed external and internal changes. Sixty one years ago, Allen Lane, the managing director of the Bodley Head, a British publishing company, revolutionised reading with the intro ....

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.... within the Group. This change took place due to the fact that the Company was conscious that it had to concentrate on the publishing rather than on the retail. This decision brought a successful completion of a management buy-out of the shops. This action also compensated the loss that the Company faced in august 1991, when Pearson (an international enterprise quoted on the London Stock Exchange with major media interests including many well-known names apart from Penguin, such as Longman, Pitman, Addison Wesley, the Financial Times, Westminst ....

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