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* The beginning: William Noah Allyn founded Welch Allyn, Inc. in 1915. He'd hardly recognize it today as the company has grown into a global manufacturer of innovative medical diagnostic and therapeutic devices, cardiac defibrillators, patient monitoring systems, and miniature precision lamps. The Allyn family still owns the company.
* The transformation: William F. Allyn, the founder's grandson, became president in 1980, succeeding William C. Moore. The company had some 750 employees and annual sales just under $50 million at the time. As president, the younger Allyn, who started working at the company in 1962, was instrumental in shaping the company into a more modern business, able to adapt rapidly to changing markets. During the late 1980s and early 1990s, Allyn moved the company into world-class information technology to help it compete more...