For these, it's far better to launch a product, service, division within an existing company to have a better chance to succeed and then over time, if desired, pursue the traditional entrepreneur route which includes mind-numbing, back-breaking and otherwise demoralizing tasks that don't add value.
Mr. Timpson's group immediately set out to bring together a wide range of I.B.M. product and service divisions to negotiate collectively with leading independent software companies.
He worked as a general manager in Microsoft's Asia product support and service division and its Global Technical Engineering Center from 1998 to 2002, before being tapped as president of Microsoft China in March 2002.
He is to be replaced by Jean-Francois Pontal, 57, the executive vice president of France Telecom's mass market products and services division.
In Exeter, N.H., the company's corporate employees and employees of the engineering products and services division will move to the Tyco Telecommunications building, a few miles from its operational headquarters.
WALL STREET JOURNAL A Rebound in Private Banking at UBS | Clients of the Swiss bank's investment products and services division are doing "significantly" more fixed-income transactions than last year, according to William Kennedy, the unit's head, Bloomberg News reports.
In a statement, Alex Neill, MD of the group's home products and services division, said: "Data breaches are now more commonplace and yet many people have no idea what to do or who to turn to when their personal data is compromised.
Endeavor has formed a new streaming products and services division that will unify the media and talent company's streaming technology capabilities for its clients, including WWE and its streaming service WWE Network.
We find that manufacturers develop product related services through a dedicated service division designed to exploit the commercial opportunities of servicing an installed base of equipment.
Revenue at the bakeries and food service division increased 12 percent, with strong sales of products like Pillsbury Mini-Pancakes and French Toast.
But when customer complaints began pouring into the service division he was managing, he pinned the blame on the "mediocrity" of the product development division, claiming that his team had to support an inferior product.
