2.1. ENVIRONMENTAL ANALYSIS OF SEM AND ELECTRONIC INDUSTRY 7
2.2. IMPLICATION OF FORMING SEM ON MEI’S BUSINESS POLICY 9
Matsushita Electrical Industrial Co. Ltd. (MEI) was one of the leading electronics firms in the world, well known for its Panasonic, National, Technics and Quasar brands. The company had grown rapidly in the 1980s; however, in the early 1990s, a combination of factors led to a dip in revenues and profits. Moreover, that period witnessed a significant change of the business environment of companies operating in Europe: the formation of Sing