Employee empowerment leads to explosive growth at NYF Corp: US firm rewards entrepreneurial spirit

Abstract

A ward‐winning US company NYF has doubled its sales over the past three years and enjoyed massive growth thanks to a new program based on teaming and gainsharing. The privately‐owned distributor of electronic hardware, assembly components and mechanical fasteners achieved New Jersey’s Silver 2002 Governor’s Award for Performance Excellence by evolving an empowered team culture that makes employees want to work well and use their initiative.

Citation

(2003), "Employee empowerment leads to explosive growth at NYF Corp: US firm rewards entrepreneurial spirit", Human Resource Management International Digest, Vol. 11 No. 6, pp. 9-12. https://doi.org/10.1108/09670730310494593