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3 min read

Family-Owned Business: 3 Keys to Successful Change Management

By Michele Nichols on Wed, Sep 07, 2016

 

The dream of any entrepreneur is to build a successful, profitable business that can survive long after he or she retires. Often the goal is to pass the business down to children or close relatives, as evidenced by the fact that 80% of businesses worldwide are family-owned. In the U.S., family-owned companies are responsible for 60% of all employment and 78% of new jobs.

Despite their prevalence, 70% of family businesses last just one generation before they either fail or are sold. Some common pitfalls can cause problems in transitioning the company down the road.

Topics: Business Insights Marketing Strategy Change and Innovation
5 min read

Beer & Blog: Leading Successful Business Development in Technical Companies, with Lisa Belodoff

By Katie Steelman on Wed, Jul 20, 2016

 

For today’s Beer & Blog, we spoke with Lisa Belodoff, vice president of business development at Rochester Precision Optics. Lisa has worked in sales and marketing throughout the optics and photonics industry, helping to build LightWorks Optics for successful exit, working in fiber infrastructure at CABLExpress and in medical devices at Masimo. She is a driver of change and growth, and we’re honored to collaborate with her.

Topics: Optics Business Insights Change and Innovation Internal Communication Beer & Blog (interviews)
2 min read

Three Keys to Successful Change Management: An Interview with Jim Knittel

By Michele Nichols on Wed, Jul 06, 2016

Change is a constant. It's in times of change that Launch Team becomes involved with clients, whether they’re going through a merger or acquisition, a new product launch, new market entry, or channel reorganization. External and internal communication in these times of change are key.

Topics: Business Insights Change and Innovation
2 min read

Building a Patent Portfolio Amid the Death of True R&D

By Katie Steelman on Tue, Jun 28, 2016

 

Patent Portfolio ROI

Each year, more and more American companies are cutting research and development budgets, moving further away from fundamental research and instead focusing on products that are closer to commercialization and monetization. As Fortune Magazine reported in December 2015, DuPont’s former CEO Ellen Kullman resigned under much criticism last year, and one of the complaints coming from opponents was her heavy investment in R&D.

Topics: Patents Change and Innovation
2 min read

Beer & Blog: IP Considerations for Second-Stage Growth Companies

By Katie Steelman on Tue, May 31, 2016

 

Last week, we spoke with Greg Gribben and Katie McGuire of Woods Oviatt Gilman about trademark entity discovery during a company rebrand. This week we'll share our conversation about the main intellectual property challenges for companies in their second stage of growth. From exit strategy to working with outside vendors, growing companies have a lot to consider.

Topics: Business Insights Patents Change and Innovation Beer & Blog (interviews)
3 min read

Driving Change Plans in Family-Owned Businesses

By Katie Steelman on Tue, May 10, 2016

At Launch Team, we are often brought in at a point of change in second stage technology companies; these companies have grown to a certain size and created a brand in some markets but are ready for the next stage of growth. This change is often triggered by new leadership, and in many cases, the next generation of leadership. They bring their own ideas to the business, such as new product launch, new marketing strategy, and interest in entering new markets.

Topics: Business Insights Change and Innovation