Leading and succeeding a family business is complex. Untangling what’s family and what’s business for the good of both is one of the greatest challenges of family enterprise. But, when they work together to their full potential the opportunities for family, business, and community are endless. With the help of Family-Owned Business Institute of Grand Valley State University and adaptations of several online resources, The Family Business Alliance has established a Family Business Continuum to help family businesses in West Michigan understand the distinct axes of the family business model and improve the opportunity for multi-generational success.
The struggle of attracting, retaining, and developing talent within the manufacturing industry is not a new phenomenon. Businesses in this sector have been grappling with how to overcome this challenge for decades. While the pandemic has exacerbated the issue, a widening skills gap and a significant portion of the labor pool reaching retirement age has long fueled the talent shortage manufacturers are facing today.
GRAND RAPIDS, Mich. —Eventually, every manufacturing executive runs into a situation where the longstanding processes that have driven their business and systems are outdated and in need of change. But properly managing those changes for the benefit of the organization can often present a challenge, particularly in times of volatility or crisis.
Every year at the ATHENA Awards Celebration, the Grand Rapids Chamber gathers to celebrate those who embody, encourage, and promote the inclusion of women. Join us on Wednesday, September 29 at the JW Marriot Ballroom to recognize the recipients of the 32nd Annual ATHENA Awards as they are added to this list of legendary ladies.
Brandi Llamas had a choice to make for her five children that would have a profound effect on their future.
The Lakeshore Innovator of the Year Award was created by the Muskegon Innovation Hub at Grand Valley State University as a way to honor and recognize the many creative innovators found in West Michigan. This amazing group of people is responsible for the tremendous increase in growth and improvement in the quality of life that has taken place in this part of the state over the past decade.
In a world defined by rapid change and daunting challenges, the future depends on people who can think creatively, reach across boundaries, and reframe complex business problems as opportunities to build what’s next.
Emerging Stronger: 3 Ways Modern Manufacturers and Distributors Can Boost Productivity Post-PandemicBy Wendy Stanley
The COVID-19 pandemic has caused deep disruptions throughout manufacturing supply chains, forcing manufacturers and distributors to reevaluate their sourcing and inventory practices as well as the technologies that support them. As the pandemic itself subsides, operations leaders must come to terms with new challenges and opportunities in cost management, labor efficiency, and data management to ensure they meet productivity goals and customer demands moving forward.
The manufacturing and distribution industries have been forever changed by a pandemic that’s created both challenges and opportunities. Supply chains have been disrupted, for example, while demand has surged for a variety of products.
On August 26, 2021, the American Subcontractors Association of Michigan (ASAM) will celebrate the 11th Annual MCOY Award event at the home of the Whitecaps, Lake Michigan Credit Union Ballpark. MCOY recognizes Michigan’s general contractors and construction managers with a track record of best practices, professionalism, and collaboration within the trade contracting community.
Grand Rapids is teeming with innovative people and companies. Young professionals recognize the city as the ideal jumping off point for their careers. Entrepreneurs see the tremendous value in leveraging the ample resources available to bring their ideas to life. And along the Medical Mile, which encompasses an expansive stretch of Michigan Street east of the Grand River and just south of Interstate 196, groundbreaking research is transforming the healthcare industry.
There is no doubt these are challenging times for many businesses and communities. Businesses that did not survive COVID-related shutdowns have left empty storefronts and offices.
For businesses to thrive in 2021 and beyond, they must adapt their business to a new, connected reality – but what many businesses don’t understand are the risks inherent in this new always on, always ready business environment of 2021.
Many businesses are experiencing change due to COVID, with new work patterns and more employees working remote. While change in business is not unusual, it seems to be coming more rapidly now and is causing many companies to rethink their physical space and how to best utilize it.
It’s no secret that the rise of mobile connectivity, digital communication channels and the app economy is changing almost every aspect of modern life. The financial services sector is no different. The impact of technology has banks evaluating mobile and online banking in pursuit of innovative online business services to add convenience and flexibility to customers.
In principle and in practice, the Grand Rapids Chamber believes in the value and power of diversity, equity, and inclusion (DEI). Various reports released in 2020 amidst a global pandemic, mounting racial tension and a divisive political atmosphere prove there is much work to be done.
As advancements in Industry 4.0 surge ahead, the pace of development and sheer scope of technology often leaves small- and medium-size manufactures without the expertise and resources to forge a clear path forward.
As the end of the pandemic moves closer every day, many office-staff employers are debating what the future of their work strategy will look like. Although it is estimated 25% percent of Americans will continue to work remote in 2021, many employees are itching to get back into the office. And, on the other hand, many are not. As an employer, you are tasked with developing a return-to-office strategy that appeases all levels of employees, maintains compliance, and serves the needs of your organization.
Wellness and the Home Office: Experts weigh in on tactics for health and wellness while working from homeBy MiBiz Marketing Staff
GRAND RAPIDS, Mich. — Picture the perfect home office: sprawling wooden desk, latest high-definition monitor, plush leather chair, and of course, that perfect built-in bookshelf as a backdrop for Zoom meetings.
In today’s fast-paced world, speed to market can drive the success or failure of companies. That is certainly true for housing, retail, healthcare and, of course, industrial and manufacturing. Construction projects that support these industries represent a major investment in time and money, so delivering projects quickly and cost-effectively is paramount.
As Industry 4.0 continues to drive investment decisions for manufacturers, one Grand Rapids-based company hopes to bring the latest advancements in stamping technology to West Michigan and beyond.
Join us for the Chamber’s largest event of the year, the 133rd Annual Meeting! Together, we will celebrate the resiliency of our community as we look ahead to 2021. We have learned a lot about ourselves, our teams, and our businesses over the past year. These individual stories come together to create a strong and resilient community.
With its new master real estate plan nearly finalized, the Gerald R. Ford Airport International is poised to enter the global stage.
After enduring over eight months of a novel virus, individuals and businesses alike are reimagining a life post-pandemic. While many businesses are coping with the short-term challenges by adding winter resistance outdoor spaces or plexiglass walls, other organizations are contemplating long-term changes as this pandemic continues to wear on.
GRAND RAPIDS, Mich. —Though many manufacturers tout leadership as one of the most important aspects of their businesses, many fail to understand the nuances of leadership, which can make the difference in an organization’s long-term success.
The American Subcontractors Association of Michigan (ASAM) is dedicated to providing services and benefits that help trade contractors, suppliers and service providers become more successful. Through member meetings and networking, ASAM provides educational opportunities, valuable information and Business Practice Interchange (BPI) sessions for trade contractors throughout Michigan. As beneficiaries of ASAM’s decade-long groundwork, our organization continues to advance the positive working culture our chapter has created and is a key vehicle for elevating our trade-contractor standing within the environments we work and the communities we serve.
At Rockford Property Management, we understand the importance of meeting and exceeding expectations – every single time. With an approach powered by hospitality-driven culture and a team that constantly seeks to deliver high-quality customer service, our goal is simple: provide peak service at every level through all aspects of our relationships with clients, tenants and residents to ensure assets are utilized to their fullest potential. Our focus on hospitality means that every aspect of our work – from initial contact to lease signing, move-in and ongoing relationships – is centered on delivering premium experiences.
When things seem uncertain, there’s no substitute for a great plan. After a decade of recovery following the Great Recession, Michigan’s economy is imperiled by COVID-19-related business closures and layoffs. How our state responds will define us for a generation.
Navigating the uncertainty of 2020: How small to mid-size manufacturers can survive and thrive through crisisBy THE RIGHT PLACE
This year has brought unprecedented challenges to West Michigan’s manufacturers. From closures in the spring and pivoting to the production of essential supplies, to restarting operations and adjusting to the “new normal”, local manufacturers are in a state of flux. It can be difficult to know where to go from here, particularly when the future is uncertain.
Smith Haughey Rice & Roegge (SHRR) has been helping clients overcome challenges since 1941. Despite all our shared experiences over the decades, it is unlikely any event has had a more collective impact on our clients and our practice than COVID-19.
It’s a well-known fact that one of the best ways to recruit and retain top talent is to offer excellent benefits, the kind that go beyond the basics of meeting an employee’s health care needs and offer more than just reasonable copays and deductibles. With the outbreak of COVID-19, maintaining strong health has become more important than ever, and employees are looking for ways to stay healthy while enhancing their day-to-day lives.
Your business may grow through mergers and acquisitions (M&A) despite challenges posed by the COVID-19 pandemic.
On the corner of Portage Street and Lake Street in the Edison neighborhood of Kalamazoo, workers are putting the finishing touches on an attractive new multi-use building known as the Creamery. The building, which was partially funded with an innovative Impact Investment Loan program from the Kalamazoo Community Foundation (KZCF), will soon house affordable apartments for low- and middle-income people, a YWCA 24-hour childcare center and a small business accelerator.
COVID-19 has hit the world hard, including the business landscape. Many companies are struggling under the strain the pandemic has put on our economy, from decreased spending to wide-scale shutdowns. In the face of this economic uncertainty, businesses of all sizes and their employees are facing tough choices when it comes to spending.
Being directly related to profitability, growth, and efficiency, productivity is key to company success. Manufacturing processes are constantly seeing improvements in with the introduction and development of new technology. These technological advances include the utilization of real-time data and the IIoT to increase productivity, leading to a highly competitive and ever-growing manufacturing sector.
A common and costly mistake when it comes to business succession planning is not starting the process early enough. By waiting too long, an owner runs the risk of not having the right people in place to run the business, as well as having much of the business’ value consumed by estate taxes. Either misstep can and sadly often does cause a business to fail when it passes from one generation to the next.
The Grand Rapids Chamber is thrilled to announce the return of the West Michigan CEO Summit on October 6, as a virtual, live-broadcast experience.
Like many cities across the US, Grand Rapids continues to see a need for affordable and low-income housing. The topic has long been in discussion in the community thanks to a limited housing supply, high demand market and increasing rental rates.
Are you looking for ways to help your community, both in this time of increased need and well into the future? Our communities thrive because of individuals coming together for the greater good. But it’s not always easy, and it can be difficult to know how to make the greatest impact.
If you own or operate any type of facility, in the last six months you read articles, attended webinars, and maybe even used Google to search “HVAC ventilation COVID.” Although you learned about the effectiveness of humidifiers, ultraviolet lights, and bipolar ionization, your operating budgets have tightened up and it is hard to know if these technologies will be right for you in the long run.
EMBRACING CULTURE: Manufacturers can build a culture of resilience and innovation through empathy and communicationBy MIBIZ MARKETING STAFF
Despite the upheaval caused by COVID-19, the global pandemic has opened the door for manufacturers to improve one of the most untapped methods of increasing company performance: culture.