You want to understand the principle rules for running a successful industrial gas company.
Here are the eight rules for success and generating a sustained 15% of Return on Capital Employed
Eight Rules for Successful Industrial Gas Companies
- “Stick to the knitting” – do not be lured into related businesses
- Better a big fish in a small pond – do not overextend into new business areas
- Set your corporate financial targets and stick to them at all times
- Manage the business for sustained profitable growth not boom and bust
- Make sure that you own or control your basic technology needs
- Recruit outsiders to senior positions to refresh the bloodline
- Reward and promote based on achievement not appearance
- Communicate regularly with all stakeholders and listen to their views
