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
Popular Podcasts
Crime Junkie
Does hearing about a true crime case always leave you scouring the internet for the truth behind the story? Dive into your next mystery with Crime Junkie. Every Monday, join your host Ashley Flowers as she unravels all the details of infamous and underreported true crime cases with her best friend Brit Prawat. From cold cases to missing persons and heroes in our community who seek justice, Crime Junkie is your destination for theories and stories you won’t hear anywhere else. Whether you're a seasoned true crime enthusiast or new to the genre, you'll find yourself on the edge of your seat awaiting a new episode every Monday. If you can never get enough true crime... Congratulations, you’ve found your people. Follow to join a community of Crime Junkies! Crime Junkie is presented by audiochuck Media Company.
24/7 News: The Latest
The latest news in 4 minutes updated every hour, every day.
Stuff You Should Know
If you've ever wanted to know about champagne, satanism, the Stonewall Uprising, chaos theory, LSD, El Nino, true crime and Rosa Parks, then look no further. Josh and Chuck have you covered.