Parker Hannifin’s success in managing new product development and breakthrough innovation initiatives was recognized in Forbes. Read about their achievements in the article Innovation Factory: How Parker Hannifin Pumps Out Breakthrough Products

“For big companies to thrive and succeed, they need to be innovative–they all know it, but nobody has really cracked the code yet,” says Bill Aulet, the managing director of MIT’s entrepreneurship center. “That’s why this whole thing with Parker Hannifin is so interesting, because you never would have thought that a $13 billion conservative company, in an old-line business, would be the one to solve it.”

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