By Jonathan Creaghan, BA and Holly Simmons, FEA Family Business is a unique business model that presents real challenges and opportunities to growth and success. One of the obvious reasons? It includes family members. Families are dynamic and complex, filled with history, fraught with emotion, where misunderstandings happen, while loyalty [...]
What is Secret Sauce for $600? Jeopardy! Player: “Success for $600 please Alex.” Alex Trebek: “Here’s your clue - Understand who you are and how you operate in the world, and maximize that understanding?” Player: “What is Secret Sauce?” Alex: “Correct for $600.” Alex Trebek the host of the TV [...]
Start by deciding what stage you are at... Every company has a defined behaviour based on a stage of development that impacts on a number of outcomes the company wants to achieve. The higher the stage, the higher the effectiveness of the business. This reading examines those stages. Over [...]
WHAT'S THE RIGHT LEADERSHIP RESPONSE FOR YOU? What Is Pivoting? The idea that the business model can change and adapt to current conditions through leadership implementing new ideas and direction in a cost effective and efficient way. The illustration below describes five different responses to the current economic and [...]
For the majority of March, we’ve been in the weeds trying to make sense of the daily announcements and how COVID-19 will impact our businesses. But the news isn’t new anymore. As leaders, it’s time to stick our heads above it all and take a look around. Especially as new routines are formed and we get back into our lives.
These are truly unique times that require a deeper level of reasoned approaches. Walk into any grocery store and you will see empty shelving. The toilet paper gone, but boxes of tissue still available. There was a small run on our bank last week, and the stock market is tanking. All signs of collective fear gripping people.
Tirecraft is a firm in the automotive-supplies industry, with 95 locations in Ontario, of which 25 are corporate or partnership locations. While Canada’s industrial sector has been under pressure since the 2008 recession, and major competitors such as Canadian Tire are not expected to outperform the TSX, Tirecraft has succeeded and has recently expanded, by making acquisitions of competitors.
TFT Global Inc. is a logistics and distribution, production services, quality services and optimization advisory firm. The company’s work includes containment, sequencing (such as for just-in-time manufacturing), trucking and small-parts assembly. The company is forward thinking and flexible. Fast growing companies each face their own special pressures; whether companies have the capacity to cope with the growth depends on the capacity of their leaders.
Marwood Metal Fabrication Ltd. is a Canadian family-owned company in the automotive industry, focusing on automotive-parts manufacturing and metal stampings. The firm was founded in 1990 in Tillsonburg, Ontario by Chris Wood, Henry Spanjers and Erwin Hawel. “Today, Marwood Metal Fabrication Ltd. is a world-class leader in supplying large parts to the automobile and light-truck manufacturing industries,” according to the Canadian Business Journal (Jun. 14, 2014). “Marwood employs hundreds of skilled workers, operates 23 presses, and works alongside some of the biggest names in the international automotive market.”
