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The Business Resource for Suburban Chicago
Tuesday, September 02, 2014 6:44 PM
  • Succession plans a part of fabric of Klein Tools
    Most family businesses don’t survive to have a sixth generation of leadership. In fact, on average, they don’t make it past the third generation.  But Lincolnshire-based Klein Tools Inc. has thrived that long, and one of its secrets just may be the quality of its success planning. 
  • Dave Sheppard, Merrill Lynch Wealth Management in Deer Park, provides these Top 10 recommendations for succession planning. 
  • CHICAGO -- Business activity in the Chicago area climbed in August as orders accelerated, a sign that manufacturing will continue to add momentum to the economy. 
  • Equity group acquires Berlin Packaging for $1.43 billion
    CHICAGO -- Private equity firm Oak Hill Capital Partners announced it will buy Berlin Packaging LLC, a supplier of packaging products, from Investcorp SA for $1.43 billion. 
  • ADDISON — Diversified metal component manufacturer JD Norman Industries, Inc. has opened its Troy Tech Center, 2600 Bellingham Road, Suite 300 in the Detroit suburb of Troy, Mich. 
  • GURNEE -- Quest Products, a consumer packaged goods company based in Gurnee, announced plans to move its operations across the border to Pleasant Prairie, Wisconsin. 
  • MOLINE — Agricultural equipment maker Deere is laying off about 460 employees indefinitely from an Iowa tractor factory as it continues to adjust to market demand.

     
  • SCHILLER PARK — About 400 people will lose their jobs and a piece of American baking history will shut down when Hostess Brands closes the suburban Chicago bakery where the Twinkie was invented.

     
  • A look at Algonquin’s Marshall Wolf Automation
    An interview with Hans Jurgen Wolf, CEO of Marshall Wolf Automation based in Algonquin. 
  • A great office is a key to success for home-based workers

    Whoever first said, “You can’t go home again,” probably wasn’t considering the 38 million home-based businesses in the United States, or the approximately 37 million households that have active home offices. More workers are plying their trade from home, as employers recognize the value of flexibility for their workforce and more employees decide to enter the ranks of American entrepreneurship. 
  • Managed Print Services:  It’s all about  business efficiencies
    We all want to run our businesses as efficiently as possible. One area for significant improved efficiencies which many business owners don’t factor into the equation is document management.
     
  • What’s all the buzz in your office?
    Your office interiors may be slated for a revolutionary change from the more traditional outer private offices with windows for managers and interior workstations to a more open architecture with meeting rooms and offices in the center core. The concept is to allow more lighting, less divisions between upper, middle and lower management while creating more teaming and collaboration. 
  • 3 degrees of renovation for suburban office space
    Companies that incorporate the latest workplace strategies into their office space are better positioned to attract and retain the best workers, gain increased productivity and enhance culture. 
  • Understanding organizational culture to enhance office productivity
    In today’s world, work is an activity, not a place. The workforce is geographically diverse and mobile. Increasingly, ‘work’ involves group activities where team members and subject matter experts come together to define problems and opportunities, share ideas, report progress, and consider multiple points of view. At its essence, this is collaboration and it is a valuable business tool.
     
  • The Gartner Group calculates 7 to 12 percent of companies’ total revenues are spent on documents. For a $50 million company 7 percent is a whopping $3.5 million. Despite being a major line item on a balance sheet, documents are on average, one of the largest unmanaged assets in an enterprise. 
 
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