NEW BRITAIN, Conn.,
July 31, 2020 /PRNewswire/
-- Fast Company announced its second annual Best
Workplaces for Innovators and named Stanley Black & Decker (NYSE:SWK) as one of
the 100 Best Workplaces For Innovators. The company ranked 55th in
its first appearance on the list.
"For more than 177 years, Stanley
Black & Decker has continued to innovate its products,
culture and operating model to thrive across three industrial
revolutions, and we are honored to receive this recognition," said
Stanley Black & Decker CEO
Jim Loree. "As we enter the fourth
industrial revolution, we continue to aspire to be known as one of
the world's leading innovators and serve those who make the world.
In today's era, the acceleration of emerging technology and
rapidly changing customer needs require digital tools, better
analytics and extreme innovation. To us, that means innovation
everywhere, of everything, by everyone."
Developed in collaboration with Accenture, the 2020 Best
Workplaces for Innovators ranks 100 winners from a variety of
industries, including computer science, biotech, consumer packaged
goods, nonprofit, education, financial services, cybersecurity, and
engineering. Working together, Fast Company editors and Accenture
researchers scored nearly 900 applications, and a panel of eight
eminent judges reviewed and endorsed the top 100 companies—an
increase from last year's list of 50.
"As much of the world recovers from health, economic, and social
crises, we need innovation more than ever," says Stephanie Mehta, editor-in-chief of Fast
Company. "This new list of the Best Workplaces for Innovators
celebrates organizations that have fostered innovative thinking by
investing in technology, research and development, and their
employees."
About Stanley Black &
Decker's Innovation Ecosystem
In an effort to continue to grow its innovation ecosystem,
Stanley Black & Decker has
expanded a number of collaborations with startups and
entrepreneurs, academic institutions, research labs and others.
This innovation culture, which includes a focus on social impact in
addition to the company's traditional core product and customer
focus, enables the organization to reimagine how it operates in
today's technology-enabled, fast-paced world. A few recent examples
include investments in breakthrough innovation hubs around the
world where commercial and startup resources are concentrated to
develop game-changing solutions. Additionally, the company has
added resources to their STANLEY X business, a Silicon
Valley-based team to build and incubate disruptive technologies and
explore new business models. Internally, the company has invested
in "Innovation Everywhere," a grassroots movement that encourages
all employees to bring forward problems or ideas that they see
within the company, regardless of role, title or geography. To
learn more about the company's innovation ecosystem, click
here.
Stanley Black & Decker has
recently established a COVID-19 Community Response Task Force to
work with universities, hospitals, manufacturers and other partners
around the globe to apply its innovation and expertise to tackle
today's challenges. Ongoing projects include 3D face shield
printing, innovations in mask technology, and fasteners and battery
technology for medical products such as respirators. Click
here to see what the company is doing in response to
COVID-19.
To see the complete list, go
to: www.fastcompany.com/best-workplaces-for-innovators/2020
ABOUT FAST COMPANY
Fast Company is one of
the world's leading business media brands, with an editorial focus
on innovation with deep emphasis on creativity, technology, social
impact, leadership, and design. Headquartered in New York
City, Fast Company is published by Mansueto
Ventures LLC, along with our sister publication Inc.,
and can be found online at fastcompany.com.
ABOUT ACCENTURE
Accenture is a leading global professional services company,
providing a broad range of services and solutions in strategy,
consulting, digital, technology, and operations. Combining
unmatched experience and specialized skills across more than 40
industries and all business functions — underpinned by the world's
largest delivery network — Accenture works at the intersection of
business and technology to help clients improve their performance
and create sustainable value for their stakeholders. With 482,000
people serving clients in more than 120 countries, Accenture drives
innovation to improve the way the world works and lives. Visit us
at www.accenture.com.
ABOUT STANLEY BLACK &
DECKER
Stanley Black &
Decker is a purpose-driven, $14 billion revenue
industrial organization. Stanley Black & Decker has 60,000
employees in more than 60 countries and operates the world's
largest tools and storage business, the world's second-largest
commercial electronic security services company, a leading
engineered fastening business as well as Oil & Gas and
Infrastructure businesses. The company's iconic brands include
Black & Decker, Bostitch, CRAFTSMAN, DEWALT, FACOM, Irwin,
Lenox, Porter Cable and Stanley. Stanley Black &
Decker is a company for the makers and innovators, the
craftsmen and the caregivers, and those doing the hard work to make
the world a better place. Learn more
at www.stanleyblackanddecker.com.
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SOURCE Stanley Black &
Decker