Sagem is a company unlike any other. Numerous traditional tenets of Anglo-Saxon management methods go unheeded, a fact which surprises financial analysts. Despite the current economic depression, Sagem manages to make the best of it. The company is keen on diversification and demonstrates its mastery of high-tech electronics with its innovations and unusual approaches. These include successfully continuing the production of fax machines at a time when the Internet is booming, while at the same time specialising in missile guidance and becoming the leader in inertial centres for nuclear sub-marines. Sagem is a moderate-sized company compared to its competitors which are huge. It stands out as a result of the energy generated by its employees who defend it come hell or high water. Their trump card is that they have been the majority shareholder for nearly twenty-five years.
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This session was published in issue n°39 of the Journal de l'École de Paris du management, entitled Le profit n'est pas tout.
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