Transcript Family-founded/owned Companies

Family-founded/owned
Companies: 2010 Initiative
THE WINTHROP GROUP, INC.
INFORMATION & ARCHIVAL
SERVICES
SYLVIA KOLLAR
RICHARD HOBBS
5 NOVEMBER 2010
Statistics

80% TO 90% OF NORTH AMERICAN BUSINESS
ENTERPRISES ARE FAMILY FIRMS*
 CONTRIBUTE 64% OF THE GDP*
 MORE THAN 30% SURVIVE INTO THE SECOND
GENERATION*
 TYPICAL FOB DONATES $50,000 ANNUALLY TO
PHILANTHROPIC CAUSES**
*FAMILY BUSINESS REVIEW, SEPTEMBER 2003
** MASS MUTUAL/RAYMOND INSTITUTE AMERICAN
FAMILY BUSINESS SURVEY, 2003
Challenges
SUCCESSION
(OWNERSHIP VS. MANAGEMENT)
FINANCIAL WEALTH / VALUES
Management & Business
Planning
 ADMINISTRATION/FINANCE
 OPERATIONS/CUSTOMER FULFILLMENT
 SALES
 MARKETING
Strategic
Planning
 Information Sharing
 Knowledge Sharing
 Increase Business Opportunities
 Support Outreach
 Strengthen Culture of
Organization
Important Roles for Archives in
Family-Owned Businesses
IDENTIFYING / PRESERVING HISTORICAL
SUCCESSES
ENSURING CAPTURE OF FAMILY VISION AND
VALUES
ENGAGING CEO AS IDENTIFIER/PROTECTOR
/SPOKESPERSON OF CORPORATE FAMILY
VALUES
New Family / New Economy
New Family
New Economy
 Mobility




 Values
 More likely that 2nd and 3rd
Generation family members
will seek the security of the
family business*
*Family Business Institute
Technology
Mobility
Values
Community
 Family Firm performance is
greater and EVA (economic
value added) is 5.5% greater
when founding families
maintain ownership*
*MM/RI American Family Business Survey, 2003
Winthrop Client:
Laird Norton Co.
1855-1905
WINONA, MN. – LUMBER
1905-1955
SHAREHOLDER – FOREST
PRODUCTS COS: WEYERHAUESER,
POTLATCH, BOISE. CASCADE
1955-2005
L A N O G A ; 3 RD L A R G E S T P R O BUILDER, SOLD (1/2006)
CURRENT:
FIN. SVCS.; CAPITAL MGMT.;
REAL ESTATE
Laird Norton Company
MISSION
NOW 7TH GENERATION FAMILY
S T A T E D M I S S I O N T O B E A 1 4 TH G E N E R A T I O N
FAMILY COMPANY—
“FINANCIALLY STRONG,
INTELLECTUALLY PROGRESSIVE,
AND DEEPLY COMMITTED TO THE WELL
BEING OF OUR BUSINESSES, OUR
EMPLOYEES, OUR COMMUNITIES AND EACH
OTHER”
Laid Norton Company:
Human Value
KNOWING EACH OTHER AS FRIENDS IN A
COMMON ENTERPRISE BEGINS AT BIRTH
AND CONTINUES THROUGHOUT OUR LIVES.
THIS BOND IS THE FOUNDATION THAT GIVES
US THE FREEDOM TO TAKE OFF AND GROW
AS INDIVIDUALS
Laird Norton Company:
Social Value
OUR PHILANTHROPIC ACTIVITIES CONNECT US
TO LOCAL AND GLOBAL COMMUNITIES
THROUGH OUR EFFORTS TO IMPROVE THE
QUALITY OF LIFE OF ALL PEOPLE AND THE
HEALTH OF OUR PLANET. WORKING FOR THE
BETTERMENT OF FUTURE GENERATIONS ALSO
CONNECTS US TO OUR PAST, OUR FOUNDERS,
WHO INSTILLED IN THEIR FAMILIES THE
VALUE OF GENEROSITY TO OTHERS.
Laird Norton Company:
Intellectual Value
OUR FAMILY HAS INVESTED HEAVILY IN
FURTHERING OUR MEMBERS’ INTELLECTUAL
GROWTH, EXPERIENTIAL OPPORTUNITIES,
AND SKILLS DEVELOPMENT IN ORDER TO
PRODUCE SUCCEEDING GENERATIONS OF
FAMILY BUSINESS LEADERS
Laird Norton Company:
Financial Value
OUR FAMILY HAS INVESTED HEAVILY IN
FURTHERING OUR MEMBERS’ INTELLECTUAL
GROWTH, EXPERIENTIAL OPPORTUNITIES,
AND SKILLS DEVELOPMENT IN ORDER TO
PRODUCE SUCCEEDING GENERATIONS OF
FAMILY BUSINESS LEADERS
Laird Norton:
CONNECTIONS
ANNUAL SUMMIT
CHILDREN’S PROGRAM
FAMILY PROGRAMS
COMMUNICATION
PHILANTHROPY
Laird Norton:
COMMUNICATIONS
NEWSLETTER
FAMILY WEBSITE
ANNUAL REPORTS: “FAMILY MEMBER
TRANSITIONS”
QUARTERLY REPORTS (FINANCIAL)
ANNUAL MEETING - BUSINESS OVERVIEW
Laird Norton:
CORPORATE CULTURE
DRIVEN BY FAMILY IDENTITY – DUAL
SHARE COMMON ENTERPRISE, FROM
BIRTH
TOUCHSTONE/MISSION: FOUNDERS’
VALUES
INVESTMENT IN FUTURE LEADERS
WINTHROP ROLE ARCHIVES
FOCAL POINT – PIVOT POINT
TOOL FOR BUSINESS PERFORMANCE
ANALYTICS & ENHANCEMENT
DOCUMENT GROWTH OF FINANCIAL CAPITAL
RESOURCE FOR MAINTENANCE OF FAMILY
VALUES AND CULTURE
ASSET: INTELLECTUAL CAPITAL
ARCHIVES FROM PASSIVE  ACTIVE
Laird Norton:
INTELLECTUAL CAPITAL
STORIES
IMAGES
RITUALS AND TRADITIONS
STORIES & IMAGES
FEELING OF MEMBERSHIP
SELF-WORTH
“RESPONSIBLE OWNER OF CAPITAL”
OPPORTUNITIES
1. ANNIVERSARIES
2. GENERATION CHANGE
3. “CRISIS”
MISSION -- IDENTITY -- EVOLUTION