| In an effort to boost growth in the 90’s, Maytag acquired numerous appliance brands including Hoover, Jenn-Air, Magic Chef and Admiral to complement its own, storied brand. Eight different brands in all made up the corporate portfolio, but instead of helping investors, employees and others understand where Maytag was going, it sparked confusion and doubt about what business Maytag really was in. The appliance business? No, too generic. The white goods business? Wrong again. At its core, Maytag was in the’ home management’ business. Its mission: to improve the quality of home life. That’s how the enterprise created proprietary value. And that is the strategic platform management adopted as it set fresh direction and sought to align diverse cultures, companywide. |
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