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Management matters for industrial companies that buck industry trends

The industrials sector is comprised of “microverticals”—ranging from makers of giant industrial machinery to manufacturers of tiny electronic components. All faced either headwinds or tailwinds in the period from 2014–19, but almost 30 percent of companies outperformed their microvertical peers.

Despite the headwinds and tailwinds affecting microvertical performance, companies controlled their destiny.
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To read the report, see “Value creation in industrials,” November 10, 2020.