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Big tech is transforming every aspect of our world. But how, and at what cost? This season of Land of the Giants – The Disney Dilemma – focuses on Disney’s ability to weather the ups and downs of the business cycle and changing tastes and explores what has kept it successful for over 100 years. The entertainment giant has leveraged nostalgia and its intellectual property to build a beloved brand, but after an acquisition spree that included Marvel, Lucasfilm, and 20th Century Fox, can it sus ...
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Manage episode 494984464 series 3415449
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Armstrong World Industries set a goal, nearly a decade ago, to be an outlier, the kind of company that maintains 5% profit growth for five or more years. Those efforts have paid off with the ceiling-tile and architectural components making landing No. 2 in IndustryWeek’s annual IW U.S. 50 Best Manufacturers list.
Vic Grizzle, CEO of Armstrong, sat down with IndustryWeek’s Robert Schoenberger to discuss the management philosophy behind that performance. Some key elements:
- Investing in the business: Armstrong dedicates more of its cashflow to operational improvements than many of its peers, part of an annual push to increase productivity by about 3% every year
- Championing stability: Customers and employees know what to expect from a company that has stable management and rarely changes big-picture strategies
- Adaptability: While it champions stability, Armstrong also looks for adjacent opportunities, experiments with new technologies and constantly updates its processes
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