updated 10d ago
Lessons From Century Club Companies: Managing for Long-Term Success
The connection between employee training investments and long-term employment is well documented
from Lessons From Century Club Companies: Managing for Long-Term Success by Vicki TenHaken
Blas Moros added 16d ago
Mars Inc. (1911) We depend completely on the strength of our relationships—with our consumers, with fellow associates, suppliers, distributors, and the communities in which we live and work. We believe we only achieve the best results if we are unselfish in these relationships and give a fair return.
from Lessons From Century Club Companies: Managing for Long-Term Success by Vicki TenHaken
Blas Moros added 16d ago
The Century Club companies also place more importance on profitability than growth.
from Lessons From Century Club Companies: Managing for Long-Term Success by Vicki TenHaken
Blas Moros added 16d ago
What did seem important was that leaders follow the principles of longevity, including embodying the corporate culture and its values, and having a stewardship approach to running the company so it survives to the next generation.
from Lessons From Century Club Companies: Managing for Long-Term Success by Vicki TenHaken
Blas Moros added 16d ago
Every privately-owned Century Club company interviewed said staying private was key to their longevity.
from Lessons From Century Club Companies: Managing for Long-Term Success by Vicki TenHaken
Blas Moros added 16d ago
Relationships are at the core of how the Century Club companies operate. These firms regard the maintenance of long-term relationships with customers and the development of their suppliers from generation to generation as crucial to their own success. These companies truly believe they cannot maintain their success over decades and even centuries w
... See morefrom Lessons From Century Club Companies: Managing for Long-Term Success by Vicki TenHaken
Blas Moros added 16d ago
The resulting close-knit, mutually-supportive relationships heighten the company’s ability to weather challenges as well as to learn and adapt over time.
from Lessons From Century Club Companies: Managing for Long-Term Success by Vicki TenHaken
Blas Moros added 16d ago
Factor 5: Active members of the local community
from Lessons From Century Club Companies: Managing for Long-Term Success by Vicki TenHaken
Blas Moros added 16d ago
One thing we learned from the Century Club companies: the first step is deciding that survival is the ultimate goal. From there, the five practices forming the longevity model can help you reach it.
from Lessons From Century Club Companies: Managing for Long-Term Success by Vicki TenHaken
Blas Moros added 16d ago