BEATING PLOWSHARES INTO INGOTS
POSCO’s struggles to build a major new steel plant in rural India demonstrate just how difficult global expansion can be, especially in the anti-industrial cultures of the rural Raj. Yet with India’s iron ore beckoning, you can’t blame the South Koreans for trying. by John Elliott and Rebecca Rolfes

TIME TO LEAVE THE NEST
Alcoa’s former soft-alloy extrusion business, now operated by a Norwegian company, and Alcan’s former aluminum rolling operations, now part of an Indian company, were severed from their parents with similar customer-focused strategies in mind. Despite terrible markets, there are clear signs that the basic idea is working. by Steven B. Weiner

MAKING IT WORK
Manufacturers, who have been through many recessions before, have become tougher, leaner and greener. by Steve Lawrence

THAT WAS THE YEAR THAT WAS
An aluminum chronology of the past year, prepared for the MSCI Aluminum Products Division Conference

Publisher’s Note

WINNERS, LOSERS AND LEADERS
by M. Robert Weidner, III, publisher

Shelf Life

SHELF LIFE
Forward reviews the latest books on business, economics and trade.

Workplace

STAYING POWER
As baby boomers retire, a lot of institutional knowledge will go with them. Keeping them on the payroll might be the best option. by Susan Ladika

Guest Column

THE BUSINESS EQUIVALENT OF COMMITTING SUICIDE
Every company has a long-term strategic plan but accepts the status quo—the dirty little secret that they’re not actually growing. by Michael Treacy