Stanley Black & Decker taps purpose as a brand-building tool

Stanley Black & Decker, a company active in sectors from tools and household hardware to security and healthcare, has tapped the power of purpose to boost its marketing activities.

As it hammers away at an ambitious goal to double revenues to $22 billion by 2022, Stanley Black & Decker has also been at work on its softer side: defining a purpose for the 175-year-old company.

And when it came to “the purpose piece” of the equation, said Mike Simpson, the Connecticut-based firm’s chief marketing officer, “We needed to do a better job.”

Mike Simpson, chief marketing officer, Stanley Black & Decker

A new boss kick-started the corporate soul-searching in a drive for alignment: James Loree, a 20-year veteran of Stanley Black & Decker, took over as president/CEO in 2016....

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