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Unformatted text preview: BMGT 364: Management &amp; Organization Theory W.L. Gore &amp; Associates The company began almost 50 years ago when Bill Gore left DuPont, where he had been a chemist for 17 years, to explore new market opportunities for polytetrafluoroethylene (PTFE). Together with his wife, Vieve Gore, he started a business venture in the basement of their home. From the start, the company has been about developing new products for niche markets. MULTI- TET insulated wire and cable became their first product, and landed on the moon within the first decade. In 1969, their oldest son Bob discovered GORE-TEX expanded PTFE. W.L. Gore &amp; Associates (hereafter called Gore) was the first company to manufacture durable, water and windproof breathable fabrics. While GORE-TEX is probably the best known product of Gore, the company currently manufactures PTFE products for many markets, internally organized into 4 different divisions: fabrics, electronics, industrial and medical. Approximately 6,000 associates (not employees!) work at 45 facilities throughout the world. Worldwide sales in the past fiscal year were $1,4 Billion. Chuck Carroll, current President and CEO of Gore, is upbeat and optimistic despite the sluggish nature of the economy. His company has much to be proud of. For eight consecutive years, Gore earned a position on Fortunes annual list of the 100 Best Companies to Work for. Gore ranks #2 overall and #1 among mid-sized companies in the magazines January 24, 2005 issue. For the second year in a row, Gore ranked #1 among the 100 Best Places in the U.K. (2005). Gore is ranked in the Top 10 in the overall ranking and #5 in mid-sized companies (2005)....
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- Spring '08