This study analyzes Black and Decker's past and present performance and looks at how it is orienting itself for the future. It concludes that the restructuring program launched in 1998 was a necessary step in the right direction. The company has committed to divesting its interests in non-core areas, implementing a share repurchase plan, and restructuring its organization in its key operating areas. This has given the company a new focus that improves its financial position and allows it to concentrate its efforts on marketing a more manageable array of products. In time, the company will enjoy increasing returns to scale and live up to its position as the market leader in the industries it operates in. This paper includes an appendix. 21 pgs. 19 f/c. 4b.
