Community Partners in a Business Family

MNO-BMADSEN AND ACCU-MOLD GIVE BACK BY GROWING BUSINESS AND EMPLOYMENT

It has been said that when a major change occurs within a business’s world—like a change in ownership, leadership, or both—a good three to four years is needed for that change to settle in, settle down, and the company to evolve and thrive. It has been four years since Mno-Bmadsen of Dowagiac acquired Accu-Mold, LLC of Portage, and in that time, both organizations have navigated their set of sea-change the way a small ship tackles oncoming waves. They formulated a plan, sailed confidently forward, and overtook each new swell with all hands on deck. Now the two entities see themselves as family as much as business partners.

Career Lesson Plans

When he was named president of Humphrey Products in April 2016, Dave Maurer inherited the desk of his recently retired predecessor. Within its drawers, Maurer found a sheaf of papers from 1998 describing a group of industry partners trying to solve a labor shortage. To Maurer’s eyes, the problem read painfully familiar.

Investing in family culture yields dividends

With the war for talent raging on, employers are continually reminded about the importance of developing and keeping valuable team members. Turnover interrupts productivity, causing quality and service challenges. It’s also expensive. An independent analysis by the W.E. Upjohn Institute has determined in the cost of turnover in Southwest Michigan is approximately $3,500 per lost employee.

Everyone matters as companies continue to grapple with possible solutions for workforce challenges. In their book, Everybody Matters: The Extraordinary Power of Caring for Your People Like Family, co-authors Bob Chapman and Raj Sisodia detail the experience of Chapman himself, Chairman and CEO of the manufacturing technology and services company Barry-Wehmiller.