Larry Davis, the president of Daman Products Company Inc, said he’s more likely to find business insight from a literary figure than from one of the business books that can be found on the shelves of libraries and bookstores.
That might explain why Davis used a quote from Mark Twain during a presentation outline Daman Products’ business philosophy.
Daman Products makes manifolds, valves, and flanges for hydraulic systems.
“It’s not what you don’t know that hurts you,” Twain, the 19th-century novelist, essayist and satirist said.”it’s what you know that isn’t true.”
Davis said that eliminating incorrect beliefs about what is best for customers and the Daman Products bottom line has been a major part of the company’s evolving business philosophy for the last 13 years.
That is when Daman Products embarked on the lean business model. The model’s goal is self-explanatory.
“Get rid of the fat,” Davis says.