Pros
Security in position, at times to a flaw. Demographically, there is significant opportunity due to upcoming retirements of older generation, which stems from lack of consistent talent management to prevent large gaps and knowledge loss. When it comes to Canton Ohio, I suppose a decent place to work. If you are a college recruit reading this, and are even thinking about joining the company and are not 100% certain you wish to live in Canton Ohio in the future, THINK ABOUT THIS long and hard before you accept your offer.
Cons
Culture which is so busy patting itself on the back for recent slow change it fails to realize that the real future challenges call for dynamic and innovative ideas. With retirements, unfortunately a (small) number of inept managers are being promoted to lead teams, but with little to no training, and often because they kept their head down, never challenged or question direction from above even if obviously flawed (in certain instances). But, there are others who have great potential to be leaders - Timken just needs a better system to get the right people in those positions consistently! Organization has a major issue with labeling those who leave the company, but are high performers, as 'they had a problem', or 'clearly it was not something wrong with Timken that drove them away'. This kind of asinine thinking is what happens when you recruit most of you managers from a 50 mile radius of the corporate headquarters in Canton, Ohio. Perhaps you can stem the revenue stagnation analysts criticize Timken for by challenging the status quo. I can only hope as a current employee that the leaders of the organization do this so the stock won't get hammered in the event we struggle to hit our lofty long term future growth projections reported to Wall St. Inappropriate management of incentives and allowance of old school culture to persist breed arrogance, perhaps unwarranted. If there is one thing that could bring down this company, it will be the allowance of people cheering for strategic market moves, forgetting that humility must be involved to some degree to capture and break into new markets to continue needed growth paths.