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10

STANLEY BLACK & DECKER

Adding a Digital Layer

BY ROB WERTHEIMER

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Stanley Black & Decker (SBD) is a case study in repeated successes with one new edge. Two decades ago the company was in a place of weakness, a victim of the competition from China that was hollowing out much of industrial America. Its management team led the company through a remarkable, multistage revival: first a cost-focused turnaround, followed by the creation of a highly effective business system, and then acquisitions that levered growing expertise in operations. The new edge is how SBD has melded its high-functioning business system with the connections and opportunities ...

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