A strategic plan for a company – Owens Corning

Subject: Economics / General Economics
A strategic plan for a company that I have chosen to research.

The company that I selected is Owens Corning;
Info on the company. I have chosen Owens Corning for my strategy focus for this class. According to Owens
Corning (2017), “Owens Corning is a global company that develops and produces insulation,
roofing, and fiberglass composites. Owens Corning develops, manufactures and markets
insulation, roofing, and fiberglass composites. A Fortune 500 company for 62 consecutive years,
the company develops solutions that save energy and improve comfort in commercial and
residential buildings. Through its glass reinforcements business, Owens Corning makes
thousands of products lighter, stronger and more durable.” This company is headquartered in
Toledo, Ohio with over fifteen thousand employees globally, revenue over five million dollars.
The insulation and roofing businesses make new and existing homes and buildings more energy
efficient, comfortable and attractive. The composites business manufactures products from
fiberglass reinforcements to meet diverse needs in diverse markets.
Owens Corning produces solutions in ways that help keep our people safe and help
sustain our local communities for future generations. According to Owens Corning (2016), The
"Owens Corning Story" includes our mission, purpose and values, as follows: Mission: We aspire to build market-leading businesses; global in scope – human in scale.
Purpose: Our people and products make the world a better place.
Company Values: Living Safely
Winning with Customers, Leading in Quality, Expanding Our Impact through
Sustainability, Turning Knowledge into Value, and Striving to Be Better, Every Day. Three major components of the business include roofing, insulation, and composites.
Owens Corning’s strategy for the roofing piece of the business is to maintain strong market
position and sustain high operating margins.


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