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Six Guiding Principles for Longevity and Success
from a 5th Generation Company
THE WISDOM WAY
• Family businesses comprise 90 percent of all
business enterprises in North America,
and 62% of total U.S. employment. (Small
Business Administration 2011)
• By the third generation, only 12% of family
businesses in the US are typically still
viable. (peakfamilybusiness.com 2011)
• By the fourth generation and beyond, only 3%
of family businesses continue to
exist. (peakfamilybusiness.com 2011)
• It’s hard to find stats on fifth generation
FAMILY BUSINESS STATS
• Founded in 1875
• Privately-held Company
• Fifth Generation Owned and Operated
• Longest Continuously Operating Adhesive Manufacturing
Company in the World
• Leading Global Manufacturer of Water-based and Hot Melt
Adhesives Used in the Packaging, Converting, and
Graphic Arts Industries
ABOUT WISDOM ADHESIVES
• Founded by Phillip Wisdom
• Headquartered on Canal Street
in Chicago
• George Pullman was one of
the First Customers
• Supplied Adhesives to Graphic Arts Industry
• Delivered Products by Horse and Carriage
HISTORICAL PERSPECTIVE
WORLDWIDE LOCATIONS
• 3 Plants in Chicago Area
• 6 Plants throughout North America
• 2 International Facilities
• 8- Co-partner Facilities
Experienced Many Ups and Downs
THE WISDOM WAY
OVER THE YEARS
The Path to Success Wasn’t a Straight
Ascend, but a Journey that Took Five Generations
WHY LISTEN TO TOM ROLANDO
ABOUT FAMILY BUSINESSES?
• Executive at a Family-run Company –
Not a Family Member
• Adhesive Industry Expert
• Author of Numerous Trade Journal
Articles
• Holder of 7 Adhesive and Coatings
Patents
• Experienced Explosive Growth Serving
Our Constituents Using Wisdom Way
Principles
THE WISDOM WAY SERVES
ITS CONSTITUENTS:
SIX PRINCIPLES OF
THE WISDOM WAY HEXAGON
• Guided by Six Core
Principles
• Represented by the
Hexagon –
• The Strongest of all
Chemical Structures
MEANING OF THE
WISDOM WAY HEXAGON
HEXAGON STRUCTURE
Used In:
• Beehives
• Graphite for
Aerospace Industry
• Unlimited Possibilities –
Golf Clubs
• Lightweight and Strong
• Made of Hexagonal Tiling
• Holds Over 20x Its Own Weight
GIANT’S CAUSEWAY- NATURAL
HEXAGONAL ROCK FORMATION
•County Antrim, Northern Ireland.
•Volcanic Rock that Naturally formed Hexagonal Shapes When
Water Began to Cool Them Millions of Years Ago.
PRINCPLE 1-
PASSION
Successful People Do What They Are Good At Doing
PASSION
Successful People Have PASSION
Passion = Action
Action = Passion
Wisdom Culture –
look for excitement
when interviewing
and promoting
PASSION
Thumbs
Up or
Down in
Roman
Times
Can You Name A Single Person Who
Is Successful But Not Passionate?
PASSION
STEVE JOBS ON PASSION
PASSION
• Jeff Wisdom CEO –
The Driving Force
Behind Wisdom
Adhesives
• Overcomes all
obstacles
PASSION-
THE WISDOM WAY
Work Backwards Jump on a Plane
ACT LIKE YOU ARE ALREADY THERE
PERFORMERS PERFORM
BLOCK & TACKLE
Let the Hole Develop
GET AN EARLY W
Overcome Friction
Don’t Always Jump Off a Cliff
PRINCIPLE 2 –
ACTION
• Concentrating on
What is in Front of
You
• Constantly Evaluating
Current Status
• Making Adjustments
Accordingly
Fighter Pilot Mentality
ACTION
Windshield Vs.
Rearview Mirror
Front Windshield Much
Larger than Rear Windshield
LOOK FORWARD!
ACTION
WizService™
• Calls Returned in
2 Hours or Less
• Shipments made in
24-48 hours
• Orders Confirmed
within 2 Hours
• 24-7 Availability
ACTION
The Wisdom Way
On-site, On-Time, Every Time
“I’m Going to Make Him an Offer He Can’t Refuse.”
ACTION
The Wisdom Way –
Ownership Selling
PRINCIPLE 3 –
REINVENTION
During the Great Recession,
Wisdom Adhesives
Reinvented It’s Business by:
• Re-focusing on Our Core
Products and Technologies
• Putting Every Person in the
Company
on the Sales Team
The Wisdom Way
REINVENTION
Companies That Reinvent
REINVENTION
REINVENTION
Companies That DID NOT Reinvent
PRINCIPAL 4 –
ENDURANCE
“Endurance is One of
the Most Difficult
Disciplines, but it is
to the One Who
Endures that
the Final
Victory Comes.”
- Buddha
“It’s Hard to Beat
a Person Who
Never Gives Up” –
Babe Ruth
BABE RUTH ON ENDURANCE
WINSTON CHURCHILL
ON ENDURANCE
ENDURANCE EXAMPLES
Larson Forging
Est. 1895
Northwestern College
Est. 1902
William V. MacGill
Est. 1904
Lavezzi Precision
Est. 1908
• The Next Generation
• The Next 140 Years
ENDURANCE
The Wisdom Way-
Challenge
ENDURANCE AND PASSION =
LONG-TERM SUCCESS
GREAT EXAMPLES OF
ENDURANCE AND PASSION
PRINCPAL 5 –
RELATIONSHIPS
“The Greatest Ability in is to Get Along with Others
and to Influence their Actions”
~ John Hancock
Know the Strengths and
Weaknesses of Your Organization
RELATIONSHIPS
Butch and Sundance – An Effective Team
Do You Believe In Miracles?
"You Win with People……the Quality of the People is the Most Important
Aspect of Building your Team”
~ Herb Brooks
RELATIONSHIPS
RELATIONSHIPS
The Wisdom Way
Customers
Communities Employees
PRINCIPLE 6 –
GENEROSITY
The Ultimate Personal and
Professional Long-Term Goal
JOHN WOODEN
ON GENEROSITY
“You Can’t Have a
Perfect Day Without
Doing Something for
Someone who will
Never be Able to
Repay You”
~ John Wooden
Wisdom Family Foundation
Incubator Program
for New Companies:
• 6 New Incubator
projects in 2014
• 21 since Inception
• 2 Viable Businesses
Today
GENEROSITY
The Wisdom Way
Support Youth Activities with
5% of Pre-tax Profits
APPLY THE SIX PRINCIPLES
OF THE WISDOM WAY
Grow from an Acorn
to a Strong Oak Tree
Review By Charles Reynolds
on March 10, 2015
“Brilliant book with proven principles
that apply to all businesses! Very easy
to read as it is set out in pithy
sections...highly recommended.”
Passion
 What are your passions?
 Does your work inspire you?
Action
 Do you have a plan for tomorrow? Next week? Next month?
 What can you do today to make your business stronger?
ASK
YOURSELF
How can I incorporate
PASSION
ACTION
REINVENTION
ENDURANCE
RELATIONSHIPS
GENEROSITY
into my life and
business?Example
TR
“When You Have
Passion and
Determination, You
Can Accomplish
Anything.”
~Abraham Lincoln
The Wisdom Way Example
MAKE SURE TO
TAKE YOUR
COMPLIMENTARY
COPY OF
THE WISDOM
WAY

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Passion presentation rev 42715

  • 1. Six Guiding Principles for Longevity and Success from a 5th Generation Company THE WISDOM WAY
  • 2. • Family businesses comprise 90 percent of all business enterprises in North America, and 62% of total U.S. employment. (Small Business Administration 2011) • By the third generation, only 12% of family businesses in the US are typically still viable. (peakfamilybusiness.com 2011) • By the fourth generation and beyond, only 3% of family businesses continue to exist. (peakfamilybusiness.com 2011) • It’s hard to find stats on fifth generation FAMILY BUSINESS STATS
  • 3. • Founded in 1875 • Privately-held Company • Fifth Generation Owned and Operated • Longest Continuously Operating Adhesive Manufacturing Company in the World • Leading Global Manufacturer of Water-based and Hot Melt Adhesives Used in the Packaging, Converting, and Graphic Arts Industries ABOUT WISDOM ADHESIVES
  • 4. • Founded by Phillip Wisdom • Headquartered on Canal Street in Chicago • George Pullman was one of the First Customers • Supplied Adhesives to Graphic Arts Industry • Delivered Products by Horse and Carriage HISTORICAL PERSPECTIVE
  • 5. WORLDWIDE LOCATIONS • 3 Plants in Chicago Area • 6 Plants throughout North America • 2 International Facilities • 8- Co-partner Facilities
  • 6. Experienced Many Ups and Downs THE WISDOM WAY OVER THE YEARS The Path to Success Wasn’t a Straight Ascend, but a Journey that Took Five Generations
  • 7.
  • 8. WHY LISTEN TO TOM ROLANDO ABOUT FAMILY BUSINESSES? • Executive at a Family-run Company – Not a Family Member • Adhesive Industry Expert • Author of Numerous Trade Journal Articles • Holder of 7 Adhesive and Coatings Patents • Experienced Explosive Growth Serving Our Constituents Using Wisdom Way Principles
  • 9. THE WISDOM WAY SERVES ITS CONSTITUENTS:
  • 10. SIX PRINCIPLES OF THE WISDOM WAY HEXAGON
  • 11. • Guided by Six Core Principles • Represented by the Hexagon – • The Strongest of all Chemical Structures MEANING OF THE WISDOM WAY HEXAGON
  • 12. HEXAGON STRUCTURE Used In: • Beehives • Graphite for Aerospace Industry • Unlimited Possibilities – Golf Clubs • Lightweight and Strong • Made of Hexagonal Tiling • Holds Over 20x Its Own Weight
  • 13. GIANT’S CAUSEWAY- NATURAL HEXAGONAL ROCK FORMATION •County Antrim, Northern Ireland. •Volcanic Rock that Naturally formed Hexagonal Shapes When Water Began to Cool Them Millions of Years Ago.
  • 14. PRINCPLE 1- PASSION Successful People Do What They Are Good At Doing
  • 15. PASSION Successful People Have PASSION Passion = Action Action = Passion
  • 16. Wisdom Culture – look for excitement when interviewing and promoting PASSION Thumbs Up or Down in Roman Times
  • 17. Can You Name A Single Person Who Is Successful But Not Passionate? PASSION
  • 18. STEVE JOBS ON PASSION PASSION
  • 19. • Jeff Wisdom CEO – The Driving Force Behind Wisdom Adhesives • Overcomes all obstacles PASSION- THE WISDOM WAY
  • 20. Work Backwards Jump on a Plane ACT LIKE YOU ARE ALREADY THERE PERFORMERS PERFORM BLOCK & TACKLE Let the Hole Develop GET AN EARLY W Overcome Friction Don’t Always Jump Off a Cliff PRINCIPLE 2 – ACTION
  • 21. • Concentrating on What is in Front of You • Constantly Evaluating Current Status • Making Adjustments Accordingly Fighter Pilot Mentality ACTION
  • 22. Windshield Vs. Rearview Mirror Front Windshield Much Larger than Rear Windshield LOOK FORWARD! ACTION
  • 23. WizService™ • Calls Returned in 2 Hours or Less • Shipments made in 24-48 hours • Orders Confirmed within 2 Hours • 24-7 Availability ACTION The Wisdom Way On-site, On-Time, Every Time
  • 24. “I’m Going to Make Him an Offer He Can’t Refuse.” ACTION The Wisdom Way – Ownership Selling
  • 26. During the Great Recession, Wisdom Adhesives Reinvented It’s Business by: • Re-focusing on Our Core Products and Technologies • Putting Every Person in the Company on the Sales Team The Wisdom Way REINVENTION
  • 29. PRINCIPAL 4 – ENDURANCE “Endurance is One of the Most Difficult Disciplines, but it is to the One Who Endures that the Final Victory Comes.” - Buddha
  • 30. “It’s Hard to Beat a Person Who Never Gives Up” – Babe Ruth BABE RUTH ON ENDURANCE
  • 32. ENDURANCE EXAMPLES Larson Forging Est. 1895 Northwestern College Est. 1902 William V. MacGill Est. 1904 Lavezzi Precision Est. 1908
  • 33. • The Next Generation • The Next 140 Years ENDURANCE The Wisdom Way- Challenge
  • 34. ENDURANCE AND PASSION = LONG-TERM SUCCESS
  • 36. PRINCPAL 5 – RELATIONSHIPS “The Greatest Ability in is to Get Along with Others and to Influence their Actions” ~ John Hancock
  • 37. Know the Strengths and Weaknesses of Your Organization RELATIONSHIPS Butch and Sundance – An Effective Team
  • 38. Do You Believe In Miracles? "You Win with People……the Quality of the People is the Most Important Aspect of Building your Team” ~ Herb Brooks RELATIONSHIPS
  • 40. PRINCIPLE 6 – GENEROSITY The Ultimate Personal and Professional Long-Term Goal
  • 41. JOHN WOODEN ON GENEROSITY “You Can’t Have a Perfect Day Without Doing Something for Someone who will Never be Able to Repay You” ~ John Wooden
  • 42. Wisdom Family Foundation Incubator Program for New Companies: • 6 New Incubator projects in 2014 • 21 since Inception • 2 Viable Businesses Today GENEROSITY The Wisdom Way Support Youth Activities with 5% of Pre-tax Profits
  • 43. APPLY THE SIX PRINCIPLES OF THE WISDOM WAY Grow from an Acorn to a Strong Oak Tree Review By Charles Reynolds on March 10, 2015 “Brilliant book with proven principles that apply to all businesses! Very easy to read as it is set out in pithy sections...highly recommended.”
  • 44. Passion  What are your passions?  Does your work inspire you? Action  Do you have a plan for tomorrow? Next week? Next month?  What can you do today to make your business stronger? ASK YOURSELF How can I incorporate PASSION ACTION REINVENTION ENDURANCE RELATIONSHIPS GENEROSITY into my life and business?Example TR
  • 45. “When You Have Passion and Determination, You Can Accomplish Anything.” ~Abraham Lincoln The Wisdom Way Example
  • 46. MAKE SURE TO TAKE YOUR COMPLIMENTARY COPY OF THE WISDOM WAY

Hinweis der Redaktion

  1. Family business is the engine that drives our economy,
  2. 140 years later we are a leading global manufacturers of water-based and hot melt adhesives used in the packaging, converting and graphic marts industries.
  3. With locations and partners all over the world.
  4. How did we get there? By following six guiding principles that we call The Wisdom Way. These principles have been the keys to our longevity and success.
  5. Principle #1 – Have Passion - Can you name a single person who is successful but not passionate?
  6. Principle #1 – Have Passion - Can you name a single person who is successful but not passionate?
  7. Principle # 2 – Take Action
  8. Principle # 2 – Take Action
  9. 140 years later we are a leading global manufacturers of water-based and hot melt adhesives used in the packaging, converting and graphic marts industries.
  10. What happens when you don’t reinvent? You can become the blackberry of your industry . Called “Crackberry” in 2007 and rightfully so, was clearly the most popular handheld phone on the market and dominated the “cool” factor. With the introduction of the iPhone and Droid system, popularity took a precipitous dive that the company has yet to pull out of.
  11. Principle #4 - Endurance – be in it for the long haul. As Budda said - “Endurance is one of the most difficult disciplines, but it is to the one who endures that the final victory comes.” - Buddha
  12. And last but not least be generous –y
  13. And last but not least be generous –y
  14. And last but not least be generous –y