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March-April 2008


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President's Message - The "Quality" of Revenue and Profit Dollars Matters
The transfer of business ownership, along the lines described in our Filegar Cutting Technologies case study this issue, is a hot topic. Economists see a significant wave of such transfers as the baby boom generation begins to retire, increasing the level of business owner retirements by an estimated sevenfold. Growth in the number of businesses for sale could create a buyers' market. However, there are a number of steps you can take as a business owner to maximize the value of your company.
Successful Ownership Transition Leads to Profitability
Selling a family-owned business can be a daunting experience. Questions of valuation of the business, management transition, employee anxiety, business distraction, customer and supplier concerns all need to be addressed. Read how one Jamestown, NY manufacturer successfully handled these issues.
Quality Tools Improve Accident Investigations
It's a typical February in Western New York and your parking lot is icy, as usual. As first shift arrives, miraculously no one slips despite the dark, frozen sheen. Then the office folk arrive with their dress shoes and whoooosh! There goes the top manager in one embarrassing swoop. After you finish apologizing, you promise that you will conduct a full investigation of this incident.
Transforming the Upstate Economy
Message from Christina Orsi, Regional Director, Upstate Empire State Development Corporation, Western New York Region
Book Review - Performance is the Best Politics
Can a Rust Belt City Government Apply Lean & Six Sigma Principles with Success? - Book Review - "Performance is the Best Politics" by Graham Richard, Mayor, Fort Wayne Indiana
GMP Requirements for Medical Device Suppliers
Medical Device manufacturers must comply with FDA Good Manufacturing Practices (GMPs) specific to Medical Devices and, to a varied extent, GMPs apply to their suppliers. If you want to be a supplier to a medical device company, you need to fit the criteria set by your customer.
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