Strong-Bridge Consulting News
The Build 100 recognizes less than 1.5 percent of U.S.-based companies that are noted as sustained-growth champions.
Seattle, WA (PRWeb) March 19, 2014 -- Inc. Magazine announced that Strong-Bridge Consulting is a member of The Build 100, the only full service consulting firm to make the list.
Members of The Build 100 are an elite group of companies that experienced sustained growth while adding head count for five consecutive years, from 2007 to 2012 – a period during which the country experienced one of the worst economic recessions in history. “It's a remarkably difficult standard to meet” said Inc. Executive Editor Scott Leibs: “Fewer than 1.5 percent of companies made the cut.”
To better understand why so few companies manage to grow consistently, Inc. economist-in-residence and consultant Gary Kunkle launched a research study of more than 100,000 U.S.-based midsize businesses (those with 85 to 999 employees). “72 percent of all new U.S. jobs are created by 1 percent of companies,” says Gary Kunkle. “The Build 100 represents that top 1 percent of that 1 percent. They should be celebrated, but they must also be studied so that we can better understand — and replicate — the decisions, priorities, investments, and strategies that helped them grow.”
In comparing the Build 100's long-term performance with that of a larger universe of similar-size companies, the only statistically significant predictor of a company's future success is steady growth. "It's akin to Aesop's tortoise and hare story," Kunkle says. "Slow and steady wins the race. Incremental advancement, repeated over time, achieves greater results. That said, Build 100 companies grew, on average, 35 percent annually during the five years studied."
“It is an honor to be among the Build 100 companies, states Ken Simpson, Strong-Bridge Co-Founder, Co-CEO. “The study identified companies who know how to create a vision, inspire their employees, innovate effectively, and maintain very close ties to their customers. We have never wavered on doing what’s right for our employees and our clients and it’s nice to see that resulting in our membership in The Build 100.”
The Build 100 is not ranked. To qualify, companies must have been founded and generating revenue by December 31, 2008. They had to be U.S.-based, for profit, and independent — not subsidiaries or divisions of other companies. The minimum number of employees for 2013 is 85; the minimum 2012 revenue was $8.5 million. All Build 100 companies must also agree to participate in a year-long research initiative studying the drivers of sustained growth. Companies on The Build 100 will be featured in the March 2014 issue on the affiliate website TheBuildNetwork.com.
About The Build Network
Founded in 2011 by two longtime editors of Inc., The Build Network is a management enterprise within Inc. that studies and serves sustained-growth companies with a special quarterly print section, a dynamic web site, live events, research endeavors, and The Build 100 index of sustained-growth firms. For more information, visit thebuildnetwork.com.
On March 8, Strong Bridge attended the annual “Women of Courage” Gala in support of the University of Washington Women’s Center. The mission of the women’s center is to promote and advocate for gender equity and social justice through educational programs and services, which allow all individuals to nurture an equitable, inclusive and compassionate society. The event honored several local Seattle women as “Women of Courage” for their work leading programs that create better lives for women and girls in need. “Women of Courage” is well aligned with Strong-Bridge’s social responsibility strategy revolving around family and child well-being.”
Strong-Bridge had the pleasure of sponsoring a table for Make-A-Wish® Alaska & Washington Gala and Auction that generated over $1.3 million. Make-A-Wish® grants wishes for children in our community with life-threatening medical conditions by impactful and life-affirming experiences for the children and families served.
It is estimated that approximately 500 children are diagnosed with a life-threatening illness annually throughout Washington and Alaska. Last year, the local Make-A-Wish® chapter granted 300 wishes to children in our community. The vision is to provide a wish experience to every eligible child throughout the chapter’s territory.
Sonia Grebe, Chief of Staff for Strong-Bridge Consulting, spoke at an undergraduate University of Washington business school class focused on Retail Operations and Supply Chain Management. The hour session was interactive with a short presentation and active participation by the students. The discussion was focused on typical roles in retail operations and supply chain, with a focus on how the supply chain and retail operations differ based on having product development organization vs. a buying organization. Based on the students’ interest, topics delved into many aspects of the retail – typical career paths, supply chain, vendor management, procurement, retail store careers vs. corporate careers, customer service philosophy, and working as a consultant and how to win work. This event is part of Strong-Bridge's broader mission of contributing to the local community.
What did the students have to say?
"I loved the product development chart and buying organization chart. It was cool to see all the operations divisions and to see how they are connected."
"Her main point about working in the industry and its importance when you’re advising and implementing change opened my eyes. It makes sense that you would have resistance to someone who doesn’t have experience. This will help me understand as I move into a position where I am implementing ideas and asking other to follow me."
"The example that I might apply to my future business is that I have to know exactly who are my customers. As she mentioned, although many retailers get products from the same brand, products they choose can be different based on customer knowledge."
Co-Founder of Strong-Bridge Consulting, Ken Simpson, today attended an undergraduate University of Washington business school class focused on business consulting. The session assumed a question and answer format over the course of about an hour and a half. Topics delved into many aspects of the management consulting industry including: how to execute a consulting engagement; hot trends and skill sets in the marketplace; hiring practices of consulting firms; managing difficult client situations; and large versus small firm experiences. Students were encouraged to reach out individually with future questions. This event is part of Strong-Bridge's broader mission of contributing to the local community.