Effectual Entrepreneurship, Third Edition

           

          Practically Speaking

          Breath of Fresh Air 

          Although founded in 1958, this firm remains highly innovative and entrepreneurial by carefully cultivating its corporate culture and team size.

          Entrepreneur: W.L. Gore

          Entity: W. L. Gore & Company

          Country: USA

          Pages 346-348 in

          Chapter 20 The Venture Grows Up: Create an Entrepreneurial Culture (pp. 335 to 354)

          "Adventurers from New York to Nepal have long appreciated Gore-Tex. The material's seemingly paradoxical ability to keep the weather out while enabling perspiration to escape enables a wide range of functional and comfortable outerwear. Noting that the firm which delivered this innovation, W. L. Gore & Associates, was established in 1958, we take a closer look at how the company has stayed entrepreneurial for such a long time.


          No Climate for Innovation
          W. L. "Bill" Gore started his career at DuPont in 1945 and joined a team finding applications for a novel polymer called polytetrafluoroethylene—Teflon, to the rest of us. Bill experimented with the material as a tough, heat-resistant coating for wiring, an application he felt offered great potential given the likely rise of the computer.
          Convinced of its technical merits, he tried unsuccessfully to persuade DuPont to develop Teflon-coated cable. Frustrated, in 1958 he created his own firm with his wife Vieve in their basement. W. L. Gore & Associates' cable product created a market. Within ten years, the firm employed more than 200 people, and Gore cable was used on a mission to the moon."

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