Fortune Brands Innovations Celebrated for Management Excellence
Fortune Brands Innovations Shines in Best-Managed Companies List
Fortune Brands Innovations, Inc. (NYSE: FBIN), widely known as Fortune Brands, has been recognized for its remarkable management practices by being included in The Wall Street Journal’s Top 250 Best-Managed Companies List for 2024. This prestigious list celebrates businesses that illustrate outstanding management effectiveness across numerous metrics.
A Testament to Commitment and Innovation
During a recent announcement, Nicholas Fink, the Chief Executive Officer of Fortune Brands, expressed pride in the recognition. He highlighted that the acknowledgment is a reflection of the company's dedication to innovation, particularly as a digital brand. “We are honored to be named to the 2024 Wall Street Journal list of Best-Managed Companies. This recognition is a testament to the progress we have made as a Company – especially our growing prominence as a digital brand and our digital products portfolio,” he shared.
Transformative Products Making a Difference
Fortune Brands Innovations is dedicated to enhancing everyday life through its extensive product portfolio. The company’s offerings include the Moen Flo Smart Water Monitor and Shutoff, Master Lock connected lockout tagout systems, SentrySafe fireproof safes, Yale digital smart locks, and energy-efficient Therma-Tru doors. Each of these products serves not only to elevate safety and efficiency but also contributes positively to the environment.
Evaluating the Best
The criteria for determining the Best-Managed Companies included an evaluation across various performance indicators. These encompassed customer satisfaction, employee engagement, innovation, social responsibility, and robust financial strength. A detailed assessment of over 35 data inputs contributed to scoring, including a novel metric known as the 'digital positioning score.' This score evaluates the effectiveness of a company’s online presence, focusing on aspects such as search activity, website traffic, social media interaction, and app performance.
A Collaborative Effort Towards Excellence
This accolade does not come easily. It is awarded through a collaboration with The Drucker Institute at Claremont Graduate University, which strives to identify organizations that exemplify sound management principles. This year, more than 800 companies were evaluated, making it a significant achievement for Fortune Brands Innovations to be among the top names recognized.
About Fortune Brands Innovations
To provide some insight into Fortune Brands Innovations, the company positions itself as an industry leader in creating innovative and practical home solutions. With a firm commitment to improving lives through transforming living spaces, Fortune Brands focuses on generating smarter, safer, and aesthetically pleasing homes.
Featuring an impressive portfolio, the company manages renowned brands, including Moen, House of Rohl, Aqualisa, SpringWell, Therma-Tru, Larson, Fiberon, Master Lock, SentrySafe, and Yale, each dedicated to enhancing daily functionality and security in residential and commercial environments.
Staying Ahead in the Market
As a brand leader in the home products and commercial building markets, Fortune Brands Innovations continues to push the boundaries of technology and design in its categories. The company’s commitment to elevate every life through innovation remains steadfast, and its recognition as one of the best-managed companies underscores the positive impact it strives to have on consumers and communities alike.
Frequently Asked Questions
What is the significance of being named to the Best-Managed Companies list?
This recognition highlights a company's management effectiveness and overall performance across various critical areas.
Who is Fortune Brands Innovations, Inc.?
Fortune Brands Innovations, Inc. is an industry-leading company focused on creating innovative home products, ensuring safety and functionality for consumers.
What are some products offered by Fortune Brands?
Products include the Moen Flo Smart Water Monitor, Master Lock connected systems, SentrySafe fireproof safes, and Therma-Tru doors.
How does Fortune Brands ensure customer satisfaction?
By focusing on innovation, engagement, and social responsibility, the company strives to meet and exceed customer expectations.
What role does The Drucker Institute play in this recognition?
The Drucker Institute partners with organizations to evaluate and award the best-managed companies based on stringent performance criteria.
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