What is the purpose of a business? During my MBA studies at the University of Dayton, the correct answer to this question was “to increase shareholder value.” A business does have a primary purpose of generating sustained profits and thus increasing shareholder value but, I also happen to believe that a business can make a
By Tim Beatty, President In 2003, Bullen decided to launch a manufacturing site in Suzhou, China. A team of us worked together to launch the new facility including the hiring of staff, ordering new equipment, and establishing processes. We were hoping to transplant the Bullen DNA into a new culture thousands of miles from our
Back in the 7th grade, my fellow classmates and I were faced with one of our first educational choices: Home Economics, Woodshop, or the often-overlooked and relatively new elective called Drafting. Only a few of us chose learning how to create circles, angles and lines to form multiview drawings. I remember shopping at a local
Business environments are in the middle of a revolution. Nearly every industry is being impacted by the same factors but few of us are adapting to these changes. What are these factors? Rapid Pace of Change: Change is occurring more rapidly than at any time in history due to many factors, including the speed of information
A revolution is happening in manufacturing. Here at Bullen, as we become part of the revolution that is “Industry 4.0”, “Factory of the Future” or “Connected Factory”, there are days our team members feel like kids in a candy store. There are other days, of course, where the candy appears to be stationed at the
What is the purpose of a business? During my MBA studies at the University of Dayton, the correct answer to this question was “to increase shareholder value.” A business does have a primary purpose of generating sustained profits and thus increasing shareholder value but, I also happen to believe that a business can make a
