Renzi has also said that he will push the European Union to undertake significant changes as well.
Speaking at the annual meeting of shareholders, its chairman, Luc Vandevelde, said, "The market will remain tough for the foreseeable future, and we have undertaken significant change within our organization to refocus on our customers and compete effectively in this environment".
This week, the Italian news media reported on a letter from the president of the European Central Bank, Jean-Claude Trichet, and the governor of the Bank of Italy, Mario Draghi, to the Berlusconi government, recommending that Italy undertake significant structural changes, including liberalizing state industry and making the labor market more flexible.
Until Abdullah actually issues the decrees, it remains to be seen whether he will be the first son of Saudi Arabia's modern unifier, King Abdul Aziz ibn Saud, to undertake significant political change.
This case is designed to provoke discussion of organizational strategy, in particular the approach best taken by a newcomer to an organization, charged with undertaking a significant change in its manner of operation.
This program will be available to individuals who have been identified as having extraordinary potential to make significant contributions and are early in their independent research careers, or are undertaking a significant change in their research focus.
Due to the ageing population the country needs to undertake significant reforms including tax and immigration changes and more investment in infrastructure and job training.
The Company has already undertaken and will continue to undertake significant cost reduction actions related to salaried workers also.
Spain (like Italy) had undertaken significant reforms and cut government spending.
In 2012, the company undertook a significant change initiative focused on reducing paper losses that included spending $3.5 million on new equipment and another $500,000 on training.
