Is your family business ready to be recognized? Apply for the 2017 Excellence in Family Business Challenge. It’s more than a ‘best of’ business competition. You don’t have to be the biggest, or the oldest, or generate the most sales. You just need to demonstrate excellence in one of three fundamental family business qualities: family harmony, generational development, or business renewal. All family businesses are eligible to apply regarless of size or longevity. A family business is broadly defined as having multiple family members or generations involved in the strategic direction, management, and/or working in the company with the intention for the business to remain in the family.
There are many benefits to entering the Excellence in Family Business Challenge. Past participants have found that the application process brought their family closer together and strengthened their shared vision for the future of the business. In addition:
Are you ready to enter?
Applications are due by midnight on April 10th, 2017. If selected as a finalist you will be required to deliver a short presentation in Portland on June 7th to determine winners in each category. Contact us at 800-859-7609 to request a paper copy of the application in the mail, or apply online. You can also nominate another family business to enter the challenge.
About the Challenge
The OSU Austin Family Business Program Excellence in Family Business Awards, started in 1988, were the nation’s first, competitive peer-reviewed awards focused solely on the accomplishments of family-owned businesses. In 2017 the Excellence in Family Business Challenge continues this legacy. Unlike other programs, the EFBC recognizes businesses across all industries, regardless of size or revenue, as long as they meet the basic criteria of a family business and demonstrate excellence in family business principles. Over the years the program has honored a wide variety of family firms.
The Challenge recognizes family business finalists and winners in three categories:
Family Harmony - Family members actively work to build connections and create a shared purpose with one another, and show a high level of trust, unity and developed personal relationships.
Generational Leadership - The family demonstrates active and thoughtful personal and professional development of the next generation of both family and business leaders.
Business Renewal - The family works to ensure stewardship of the business that sustains growth and shareholders assets with future generations in mind.