InsightfulValue
← Home
🚀 Sign up Free for Company Insights & Valuation!

Sign up for free to get access to the best public company valuation and insights. Get started today and unlock the potential of your investments!

Sign up free  

Steelcase
Steelcase

-6.36%

Industry & manufacturing / Furniture, casegoods, seating, and storage and partitioning systems for offices, hospitals, classrooms, and residential interiors

At a Glance | Core Facts | Company Due Diligence | Industry Due Diligence | Competitors | Stock Swings | News | Income | Balance | Cash Flow | Growth | Enterprise | Ratios | Metrics | Dividends | Risks | SWOT | Porter's Five Forces | PEST | Score Positive | Clusters | Reports | Web
Overview
Steelcase is a global leader in the design, production, and distribution of innovative office furniture, interior architectural solutions, and technology products. The company, based in Grand Rapids, Michigan, was founded in 1912 by Peter M. Wege, Walter D. Idema, and David D. Hunting. Originally known as the Metal Office Furniture Company, Steelcase has grown into a multi-billion dollar company with operations in over 80 countries and nearly 12,000 employees worldwide.
Steelcase is dedicated to providing unique and sustainable workplace solutions that enhance the productivity, collaboration, and well-being of employees. The company's products and services are tailored to meet the evolving needs of the modern workplace, including open plan offices, collaborative spaces, and remote work environments.
In addition to its commitment to innovation and sustainability, Steelcase prioritizes diversity and inclusion in its workforce and company culture. With a strong focus on employee well-being, the company offers a range of programs and benefits to promote work-life balance and professional development.
Overall, Steelcase is a globally recognized leader in the furniture industry, known for its high-quality products, cutting-edge research and design, and commitment to creating a better, more productive workplace for its customers.
What is special about the company?
1. Innovation and Design Excellence: Steelcase is known for its innovative and high-quality furniture designs. The company has won numerous awards for its products including multiple red dot and GOOD DESIGN awards.
2. Research-Driven: Steelcase utilizes extensive research and insights from their own research teams, partnerships with organizations like MIT and expert insights from top organizations to inform their products.
3. Sustainability: The company is committed to sustainable practices and has been recognized for its efforts to reduce waste and carbon footprint. They also have a line of furniture made from recycled materials.
4. Global Presence: Steelcase operates in over 80 countries worldwide, making it one of the leading furniture manufacturers with a global reach.
5. Workplace Solutions: In addition to furniture, Steelcase also offers a range of services and solutions for workplace design, including consulting, interior architecture, and technology solutions.
6. Customer-Centric Approach: The company is known for its customer-centric approach, working closely with clients to understand their needs and provide tailored solutions.
7. Collaborative Culture: Steelcase promotes a collaborative and inclusive work culture, which is also reflected in their designs that promote open and flexible workspaces.
8. Employee Development: Steelcase invests in its employees through training and development programs to foster a culture of learning and growth.
9. Social Responsibility: The company has a strong commitment to giving back to the community through philanthropy and volunteerism. They also have various initiatives to support education and social equity.
10. Longevity and Reputation: Steelcase has been in business for over 100 years and has established a strong reputation for quality, reliability, and innovation in the industry.
What the company's business model?
The Steelcase company's business model is to design, manufacture, and sell furniture and interior architecture solutions for work, health, and education environments. They focus on creating innovative and sustainable products that improve the way people work, learn, and communicate. The company also provides consulting and design services to help organizations create effective and efficient workplaces. Additionally, Steelcase has a strong emphasis on research and collaborations with experts in various fields to understand changing customer needs and market trends. They sell their products through a network of dealers and directly to customers in over 80 countries worldwide.
Interesting facts about the company
1. Steelcase was founded in 1912 by Peter M. Wege, Sr., Walter D. Idema, and David D. Hunting in Grand Rapids, Michigan.
2. The company was originally called the Metal Office Furniture Company and specialized in making steel furniture for offices.
3. Steelcase is considered to be the oldest office furniture manufacturer in the world.
4. In the 1950s, Steelcase introduced the first suspended, moveable wall system, revolutionizing the way offices were designed.
5. The name Steelcase was officially adopted in 1954, reflecting the company’s focus on innovation and steel-based products.
6. In the 1970s, Steelcase introduced the first ergonomic office chair, which was designed to support the natural movements of the body.
7. In 1994, Steelcase became the first office furniture manufacturer to achieve ISO 9001 quality certification.
8. Steelcase created the 5 Dimensions of Ergonomics approach, which emphasizes not only physical comfort, but also psychological, social, cognitive, and environment needs in workspace design.
9. Steelcase is known for its commitment to sustainability and environmental responsibility. In 2008, the company became the first in its industry to receive Silver Cradle to Cradle certification for its products.
10. Today, Steelcase has offices and showrooms in over 80 countries and is a leader in workplace innovation and research.
See Company Due Diligence:

Wait! There's more — sign up for free or log in

© 2024 - 2025 InsightfulValue.com. All rights reserved. Legal