-: My name is Megan Mills,
I am the business leader
for Schlage Mechanical Residential at Allegion.
So as the business leader
for the residential mechanical business,
I'm responsible for making sure
that we have the right product in the portfolio
for our customers,
whether it be consumers in big box or retail.
You can buy online or you can buy in stores,
or through our wholesalers.
You can go through a locksmith.
Or you can go through a showroom and purchase our products.
So we have marketing activity,
we have product management, product development.
We also work through
different functions within our team,
to develop new ideas and be innovative in this space,
so we have a lot of new roll outs
that we are working on
and trying to improve something
that has been around for over 100 years.
So on my desk right now
I have actually a lot of product.
We are in the middle of launching a new product,
so our portfolio has expanded.
We have a mid to high price point product.
We are working on a
very high price point and now so,
a potential low price point product.
So we are doing a lot of product reviews,
sampling, working with suppliers,
working with our internal teams
to determine what the scope of that should look like.
What the portfolio should look like,
our price positioning, our marketing
and our sales team are also helping us drive
what the customers are asking for,
so that we can make sure that we can fulfill their needs.
We look at the PNL and make sure that
our margins make sense and that
our revenue makes sense
that we're providing the operating income
that's expected out of the business.
So absolutely all of the...
From beginning to end.