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DefenseNewsTEL AVIV - Israel Aerospace Industries (IAI) is revamping its corporate culture, emphasizing accountability and fiscal discipline in a bid to boost efficiency, growth and its competitive standing in the world market.

With a record backlog exceeding $8 billion and an advanced technology portfolio spanning the full spectrum of aerospace and defense, the state-owned company is Israel's largest exporter and its undisputed flagship of industrial strength.

Two years of streamlining efforts are changing both day-to-day business practices and overall development and investment strategy, executives here say. For example, IAI has overhauled its pricing process and imposed draconian guidelines on oversight.

To read the full, original article click on this link: Changing a Corporate Culture - Defense News

Author: barbara opall-rome