Innovation: the ticket to growth in a mature industry: one of the great joys of the coatings industry is that there is always an opportunity to build a better mousetrap.

Coatings World | September 1, 2003| | Copyright

The featured speaker at RPM's management meeting last October was Ram Charan, an educator, management consultant and lead co-author of the book, Every Business Is a Growth Business. One of his central themes was that there is no such thing as a mature business. Reflecting on Mr. Charan's comments, I was thinking that for most of my 40-plus year career, the coatings industry has always been considered "mature," at least statistically.

Yet, in this "mature" industry, RPM International was able to grow sales for 55 out of its 56 years in business and to grow operating ...

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