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Published by: Harvard Business Publishing
Published in: "Harvard Business Review", 1992

Abstract

Stride Rite is well known for its innovative child-care, intergenerational centers, and family-leave policy as well as for its outstanding financial performance. Chairman Arnold Hiatt is the driving force behind Stride Rite''s social and financial innovation. Hiatt''s Blue Star Shoes had gone from Chapter 11 to sales of over $5 million, before it was purchased by Stride Rite. The Blue Star experience gave Hiatt a practical education in management, markets, and human nature that has proved equally useful in running Stride Rite. Under Hiatt, Stride Rite has gone on to acquire Keds and Sperry Top-Siders, and moved from manufacturing to marketing to franchising.

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Abstract

Stride Rite is well known for its innovative child-care, intergenerational centers, and family-leave policy as well as for its outstanding financial performance. Chairman Arnold Hiatt is the driving force behind Stride Rite''s social and financial innovation. Hiatt''s Blue Star Shoes had gone from Chapter 11 to sales of over $5 million, before it was purchased by Stride Rite. The Blue Star experience gave Hiatt a practical education in management, markets, and human nature that has proved equally useful in running Stride Rite. Under Hiatt, Stride Rite has gone on to acquire Keds and Sperry Top-Siders, and moved from manufacturing to marketing to franchising.

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