The business strategy du jour is the makeover. That’s where a profitable company that isn’t exciting is transformed into a new company with a lot more pizzazz and a lot more profit potential.
By switching to a 25-millimeter thread-forming fastener designed for magnesium applications, DaimlerChrysler virtually eliminated screw fault rejects and reduced process time in assembling steering columns.
With annual sales exceeding $2 billion, La-Z-Boy Inc. (Monroe, MI) is the United States’ largest single manufacturer of furniture, and the world’s leading producer of reclining chairs.