Gore And Associates : Business Idea

1562 Words Dec 1st, 2014 7 Pages
1) W. L. Gore & Associates was founded by Wilbert Gore in 1985. The idea for the Business idea immerged from technical, organizational and technical experiences that Mr. Gore received while working at DuPont, moreover from a chemical compound discovery, which poses unique qualities. That chemical compound is known, as Gore-Tex. Currently Gore Company is a manufacturer of thousands of products for industrial and medical markets that are backed by technological science. W. L. Gore & Associates keeps its headquartered in Newark, Delaware. Company posts annual sales averaging $2.5 billion, it currently employs a little more than 9,120 employees in 25 countries around the globe. W. L. Gore & Associates constantly earning a place on FORTUNE magazine 's list of the "100 Best Companies to Work For.” and in fact they’ve earned this title 13 times in roll, whereas only about a dozen other workplaces have been present in every edition of the magazine. Gore & Associates have a very distinct corporate culture from any other organization. The employees own 20% of the company, and official term is an associate, they have only faced growth in profits and sales since company’s inception. Its ESOP (employee stock ownership plan) dates back to the 1970s. In return the company has collected its share of rewards and has been one of the 100 Best Companies to Work For in North America, and usually tops first ten. Company ranks high on the similar list in Europe. Amazingly enough Gore Co.…
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