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The Dow Chemical Company was founded in 1897 by Herbert H Dow with the intent to manufacture and sell bleach For over 100 years Dow has been at the forefront of technology with success in research innovation and manufacturing For the next 30 years the company expanded into agricultural chemicals food preservatives and gasoline additives In 1935 Dow began developing one its most famous commodities plastics The 1960s were a benchmark decade for the company sales exceeded 1B for the first time a one-shot measles vaccine was introduced Ziploc bags were invented and the Apollo 8 spacecraft left the earths atmosphere using Dow plastics as heat shields By the mid 1980 sales had passed 10B In 1999 Dow merged with chemical giant Union Carbide Dow continues to be a leader in plastics chemicals and hydrocarbons Dows Chief Executive Officer CEO William Stavropoulos entered the position for the second time in December 2002 He previously held the position of CEO from 1995-2000 Dow Chemical has undergone significant change to its organizational structure in recent years Mr Stavropoulos has taken decisive action to improve the companys financial performance Mr Stavropoulos is making changes to the corporate structure of the company to better suit his autocratic decision-making style One of the key changes has been the reorganization of the levels of leadership at Dow and removed six layers of management between himself and the lowest level of employee The decrease in levels of bureaucracy will make his autocratic decision-making style more effective According to Dr Moshe BenBassatt CEO of ClickSoftware in his writings on decision-making the most successful service organizations maintain a high level of continuity between the varying levels of decision-making functions from strategic to operational The success at Dow seems to indicate that this method of removing layers of bureaucracy works well in industrial businesses as well as service-oriented ones Mr Stavropoulos is confident self-assured and has a strong personality all traits that complement his autocratic
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