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products, medical devices and diagnostics, and pharmaceuticals The resulting strategy has been executed through three guiding principles: 1 Acquire to build or reinforce Johnson & Johnson s competitive position in each of its core businesses Examples include its acquisitions of Centocor and Inverness Medical Technology (biotechnology and diabetes care businesses, respectively) to help build competitiveness in pharmaceuticals; DePuy, an orthopedics device company, for its medical devices business; and Neutrogena for its consumer business 2 Acquire to create or enhance synergies among its core businesses An example of this was Johnson & Johnson s 2001 acquisition of Alza, which designs controlled-dosage drug systems such as skin patches Alza s prescription pharmaceutical business will increase the scale of Johnson & Johnson s pharmaceutical business, while its drug delivery capabilities allows Johnson & Johnson to improve the effectiveness of many of its products in both its pharmaceutical and consumer businesses 3 Actively review the portfolio of businesses and divest or spin off businesses that become commodities, or suffer from reduced margins While Johnson & Johnson has made more than 45 acquisitions over the past dozen years, what is less widely recognized is that it has divested more than 20 businesses, typically lower-margin commodity businesses, such as surgical gowns, latex gloves and other units that no longer fit the company s longterm growth strategies Johnson & Johnson has lowered its Endgames risk profile by pursuing an Endgames consolidation strategy across many sub-industry segments at the same time It is also successful at extracting value from acquired companies because it empowers business unit leaders to implement the merger integration themselves As a result, Johnson & Johnson s core businesses not the acquired companies are always the driving force and focal point of the business In addition, merger integration know-how has become widely dispersed throughout the company a powerful embedded capability.



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Advanced streaming format (.asf) Windows Media audio file (.wma) Windows Media video file (.wmv) MP3 Audio-video interleaved (.avi) Waveform-audio (.wav)

Windows Media Player includes a number of features in a single application: CD player, DVD player, audio and video player, media jukebox, media guide, Internet radio, portable-device music-file transfer, and an audio CD recorder. Windows Media Player can run the streaming and nonstreaming file types shown in Table 10-6.

Table 10-6 File Type Windows Media audio and video formats Windows Media Player skins MPEG CD Audio Intel Indeo video technology MIDI

We turn our attention now to layer four, the transport layer Two key protocols are found at this layer: the TCP and the User Datagram Protocol

File Name Extensions .asf, .asx, .wma, .wmv, .wax, .wmd, .wmp, .wvx, .wmx, .wm .wmz, .wms .mpg, .mpeg, .m1v, .mp2, .mpa, .mpe, mp2v, .mpv2* .cda .ivf .mid, .midi, .rmi





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Brewing industry One of the world s oldest and perhaps favorite industries is the brewing business With nearly 500 years of history behind it, the industry has clearly been slow to move up the Endgames curve In large part, this was due simply to logistics: Like dairies, which produce perishable milk products, breweries struggle to find the right geographic locations to assure economical distribution and product freshness Smaller countries can accommodate a proliferation of local breweries, whose higher production scale costs are offset by lower, local delivery costs In larger countries such as the United States, it s not unusual to find placement of Anheuser-Busch breweries in strategically efficient distribution locations Coors beer, for example, was brewed in a manner that required refrigeration during transit, so its distribution area and thus potential market was limited primarily to the Western United States through the 1970s Most of the world s beer markets are mature and offer only limited potential for further volume development: aside from Germany, where the industry is still quite fragmented among small companies, only a few players dominate in each market (see sidebar: Is Bigger Better for German Brewers ) For example, only two breweries, Brasseries Kronenbourg and Brasseries Heineken, lead the French market In Spain, Grupo Cruzcampo, San Miguel, Mahou, El Aguila, and Damm were the five remaining players left in the market before Heineken formed a Spanish conglomerate integrating Grupo Cruzcampo and El Aguila In the United States, market leaders Anheuser-Busch, Miller, and Adolph Coors hold 80% of market share

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Apple QuickTime 1 & 2, Macintosh AIFF .qt, .aif, .aifc, .aiff, .mov Resource UNIX formats MP3 DVD video Windows audio and video files Other formats .au, .snd .mp3, .m3u .vob .avi, .wav .avi, .wav

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Part II:

Few industries can boast such a long, rich heritage and storied traditions By 1516, beer had become such a popular beverage that Wilhelm IV of Bavaria created a special law, the Reinheitsgebot, which dictated the exact ingredients allowed in beer Even today, German breweries follow the quality standards set by this law, and international breweries that want a share of the German market abide by it as well As a result, Germans tend to think of themselves as the founding fathers of beer and continue to value their breweries and beer quali-

The version of Windows Media Player included with the original release-to-market (RTM) version of Windows XP was Windows Media Player 8. To download the current version Windows Media Player 10, visit the Microsoft Download Center at http://www.microsoft.com /downloads or use the Windows Update Web site at http://windowsupdate.microsoft.com. For more information about Windows Media Player 10 for Windows XP, see http:// www.microsoft.com/windows/windowsmedia/mp10/default.aspx. Note

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