Garland recognized for successful business practices
Posted
02/8/2012
The Garland Co. Inc announced it received three commerce awards
in 2011, recognizing its successful business model and honoring its
contributions to the economy of Northeast Ohio, where its corporate
headquarters is based.
The NEO Success Award, sponsored by Inside Business magazine, was
established in 1995 as a way to showcase the success of businesses
in the region. It annually recognizes the top-performing companies
in Northeast Ohio. It is unique in its combined measurement of
business success in terms of sales, growth, and profitability. This
is Garland's fourth year winning this award.
Since 1987, Case Western Reserve University Weatherhead School of
Management in cooperation with the Council Of Smaller Enterprises
(COSE) has been honoring the fastest growing companies in Northeast
Ohio with their Weatherhead awards. Qualifying companies must show
consistent growth over the preceding five years, and three
categories of awards are given based on size and sales volume
classifications. According to Weatherhead, these awards are "a
testament to hard work, commitment, innovation, and the dream to
succeed."
Companies with net sales of $100 million or more are comparatively
evaluated, with only the top ten receiving the coveted Weatherhead
Centurion award. In 2011, Garland joined this list of top
performing companies for the third consecutive year.
Inc. magazine analyzes the economic statistics of thousands of
U.S. based enterprises annually to identify the top ranking 5000
companies. In the face of a tougher-than-nails economy over the
last three years, Garland Industries nevertheless achieved a 30
percent growth rate from 2007 to 2010, earning aplace on the list
for the fourth consecutive year.