A significant decision for a 146 year industrial manufacturer
What secret ingredient enabled a traditional industrial equipment manufacturer to catapult its business valuation from $3 billion to $27 billion? During this 5 year period, the com- pany also simultaneously slashed attrition rates of employees from 19% to 3%. Imagine a company dating back to its origins in 1871 when it started manufacturing rock drills used in mining and construction. Eventually, Ingersoll Rand expanded its business into the manufacture of air compres- sors, tools, pumps, and other industrial machinery.
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