What Leaders Can Learn About Competitiveness - From Chainsaws [Forbes]
HUSQUARVA AB S/ADR (HSQVY)
NASDAQ:AMEX Investor Relations:
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Source: Forbes
SOPA Images/LightRocket via Getty Images In today's fast-paced, tech-driven world, few companies manage to remain competitive and relevant over time. Take the global tools market as an example, which is projected to grow to $153B by 2032, according to Allied Market Research . This growth is fueled by increasing construction activity, a surge in home renovations, the rising popularity of DIY culture, and the expansion of small-scale industries. With no shortage of competition in this sector, a standout in this evolving landscape is one of the world's largest family-owned companies, STIHL, that sells into both professional and consumer sectors. I recently met with the company's chairman to understand what CxO's in other industries could learn from them on growth, innovation and competitiveness. With a global network of 55,000 dealers, 20,000 employees, and over $5 billion in revenue in 2023, the company has led the outdoor power equipment industry for nearly a century. I learned
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