Business Management Lessons from the Ongoing Gorman-Rupp Company (GRC) Success Saga
Earnings per Share have grown by more than 20% over the past five years. Return on Equity has averaged 11.50% during this period. This member of the Miscellaneous Capital Goods Industry from Mansfield, OH crossed the $500 million market capitalization mark in March 2008. Ongoing Gorman-Rupp Company has spent 75 years contributing to its stakeholders by making pumps. The company is focused on moving liquids and slurries against natural forces of gravity and pressure. What can we learn from the glorious history of this remarkable corporation? A. Human values form a bedrock for sustained business success: the company was formed…