Corporations: A Very Individual Manager

From the outside, the weatherbeaten brick building on Mad River in Waterbury, Conn., looks like one of those venerable edifices in an old New Eng land mill town. Inside, the company that makes its headquarters there has won an entirely different image. Under Chief Executive Officer Malcolm Baldrige, the 166-year-old Scovill Man ufacturing Co. has become one of the fastest growing enterprises in the U.S.

A maker of metal products, from 3,300-lb. brass ingots to casings for Cha nel No. 5 perfume, Scovill drifted downhill for years. The firm lost $131,-000 on...