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SRM adds products, shows continued growth
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MARCO ISLAND, Fla.—SRM Industries Inc., a supplier of protective products and accessories used in the hose industry, has introduced two new products as the company continues to see strong...
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MARCO ISLAND, Fla.—SRM Industries, a supplier of protective products and accessories used in the hose industry, has introduced two new products as the company continues to see strong sales growth. MARCO ISLAND, Fla.—SRM Industries, a supplier of protective products and accessories used in the hose industry, has introduced two new products as the company continues to see strong sales growth. $MARCO ISLAND, Fla.—SRM Industries, a supplier of protective products and accessories used in the hose industry, has introduced two new products as the company continues to see strong sales growth.
Trump CAFE proposal faces legal thicket
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WASHINGTON—For the federal government's proposed freeze of the Corporate Average Fuel Economy Standard to prevail, Trump administration officials will have to win on the legal battlefield....
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WASHINGTON—For the federal government's proposed freeze of the Corporate Average Fuel Economy Standard to prevail, Trump administration officials will have to win on the legal battlefield. WASHINGTON—For the federal government's proposed freeze of the Corporate Average Fuel Economy Standard to prevail, Trump administration officials will have to win on the legal battlefield. $WASHINGTON—For the federal government's proposed freeze of the Corporate Average Fuel Economy Standard to prevail, Trump administration officials will have to win on the legal battlefield.
3M adds to long-term wearable adhesives line
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ST. PAUL, Minn.—3M Inc. already is expanding its popular line of extended wear medical adhesives. The firm in June released 4077, a single coated medical extended wear adhesive nonwoven...
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ST. PAUL, Minn.—3M already is expanding its popular line of extended wear medical adhesives. ST. PAUL, Minn.—3M already is expanding its popular line of extended wear medical adhesives. $ ST. PAUL, Minn.—3M already is expanding its popular line of extended wear medical adhesives.
West to close Indiana plant, consolidate Florida sites
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EXTON, Pa.—West Pharmaceutical Services Inc. plans to close its contract manufacturing plant in Frankfort, Ind., and consolidate its facility in Clearwater, Fla., with one in nearby St....
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EXTON, Pa.—West Pharmaceutical plans to close its contract manufacturing plant in Frankfort, Ind., and consolidate its facility in Clearwater, Fla., with one in nearby St. Petersburg, Fla. EXTON, Pa.—West Pharmaceutical plans to close its contract manufacturing plant in Frankfort, Ind., and consolidate its facility in Clearwater, Fla., with one in nearby St. Petersburg, Fla. $EXTON, Pa.—West Pharmaceutical plans to close its contract manufacturing plant in Frankfort, Ind., and consolidate its facility in Clearwater, Fla., with one in nearby St. Petersburg, Fla.
Photos: GRI donates computers school in Sri Lanka
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MAKANDURA, Sri Lanka—Specialty tire manufacturer Global Rubber Industries Pvt. Ltd. has donated 10 computer units with power backups to the Nalawalana Kanishta School in Makandura, a village ...
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MAKANDURA, Sri Lanka—Specialty tire manufacturer Global Rubber Industries has donated 10 computer units with power backups to the Nalawalana Kanishta School in Makandura, a village that GRI says didn't have the means to teach computer education previously. MAKANDURA, Sri Lanka—Specialty tire manufacturer Global Rubber Industries has donated 10 computer units with power backups to the Nalawalana Kanishta School in Makandura, a village that GRI says didn't have the means to teach computer education previously. $MAKANDURA, Sri Lanka—Specialty tire manufacturer Global Rubber Industries has donated 10 computer units with power backups to the Nalawalana Kanishta School in Makandura, a village that GRI says didn't have the means to teach computer education previously.
Tenneco, Federal-Mogul deal close to completion
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MILAN, Ohio—Tenneco Inc. still is in the process of closing its acquisition of Federal-Mogul L.L.C., which was announced in April. The $5.4 billion deal is expected to close in the second...
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MILAN, Ohio—Tenneco still is in the process of closing its acquisition of Federal-Mogul, which was announced in April. MILAN, Ohio—Tenneco still is in the process of closing its acquisition of Federal-Mogul, which was announced in April. $MILAN, Ohio—Tenneco still is in the process of closing its acquisition of Federal-Mogul, which was announced in April.
Reed Rubber uses consistency to help cement 95-year legacy
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ST. LOUIS—Consistency is tough to establish, especially for a long period of time. But 95 years after its founding, Reed Rubber Products Inc. is still thriving. The St. Louis-based custom...
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ST. LOUIS—Consistency is tough to establish, especially for a long period of time. But 95 years after its founding, Reed Rubber Products is still thriving. ST. LOUIS—Consistency is tough to establish, especially for a long period of time. But 95 years after its founding, Reed Rubber Products is still thriving. $ST. LOUIS—Consistency is tough to establish, especially for a long period of time. But 95 years after its founding, Reed Rubber Products is still thriving.
Lanxess to sell stake in Arlanxeo to Saudi Aramco
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COLOGNE, Germany—Lanxess A.G. plans to sell its remaining 50 percent stake in Arlanxeo to its joint venture partner Saudi Arabian Oil Co.The two companies signed the sales agreement on Aug. ...
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COLOGNE, Germany—Lanxess plans to sell its remaining 50 percent stake in Arlanxeo to its joint venture partner Saudi Aramco. COLOGNE, Germany—Lanxess plans to sell its remaining 50 percent stake in Arlanxeo to its joint venture partner Saudi Aramco. $COLOGNE, Germany—Lanxess plans to sell its remaining 50 percent stake in Arlanxeo to its joint venture partner Saudi Aramco.
Photos: Rubber Division moves into new headquarters building in Akron
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AKRON—After leasing office space for its entire 108-year history, the Rubber Division of the American Chemical Society finally has a home of its own. The organization, the top technical...
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AKRON—After leasing office space for its entire 108-year history, the Rubber Division of the American Chemical Society finally has a home of its own. AKRON—After leasing office space for its entire 108-year history, the Rubber Division of the American Chemical Society finally has a home of its own. $ AKRON—After leasing office space for its entire 108-year history, the Rubber Division of the American Chemical Society finally has a home of its own.
A living laboratory for connected cars
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ANN ARBOR, Mich.—At this high-tech proving ground, the roads are packed, and there's no tall fence to keep everything hidden from view. The vehicles being tested look no different than what ...
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ANN ARBOR, Mich.—At this high-tech proving ground, the roads are packed, and there's no tall fence to keep everything hidden from view. Amid it all, the University of Michigan Transportation Research Institute is studying how vehicles can communicate with the world around them. ANN ARBOR, Mich.—At this high-tech proving ground, the roads are packed, and there's no tall fence to keep everything hidden from view. Amid it all, the University of Michigan Transportation Research Institute is studying how vehicles can communicate with the world around them. $ANN ARBOR, Mich.—At this high-tech proving ground, the roads are packed, and there's no tall fence to keep everything hidden from view. Amid it all, the University of Michigan Transportation Research Institute is studying how vehicles can communicate with the world around them.
Digital Edition
Digital Edition
Published on January 1, 2006

Profitable Behavior

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Date Published January 1, 2006
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This Report has been authored by:Tim Pryce at Profitable Behavior Consultants

This presentation examines how the behavior and actions we take as leaders and managers affect the profitability and cash availability of our businesses. Many managers in all size companies set objectives, goals and measures in place and are then surprised that the result is not achieved. There are always reasons (or excuses) that exist for non-performance. Typically the reason is always blamed on one of 4 employees: a. I thought SOMEBODY else was doing that! b. I thought that was EVERYBODY’s job so... c. NOBODY took responsibility to do the job d. ANYBODY could have performed the task For manufacturing companies to compete effectively, how do we as managers ensure these employees are not on the payroll? Detail: We will examine the behavior of managers and how many accept non-performance rather than challenge or confront issues. Rarely do we wish to confront or ask difficult questions. However, if we introduce a culture where non-performance is openly challenged and develop a society of “necessity being the mother of invention,” then we can find many ways to reduce costs, increase the value of our components, or move into new markets. And we will thrive as manufacturers. To initiate such a culture it takes the managers to examine themselves and question their own performance. Could the manager be responsible for the performance of the business? Should the manager be held accountable for the performance of the business? Isn’t that why managers get rewarded? The presentation asks why we rarely challenge the status quo in business areas such as revenue, cash flow, profit and expenses such as power costs, trash collection, and packaging. 
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