The Michigan 100

Over the summer I posted on Twitter 100 companies in Michigan that are over 100 years old.  My hope is that we can convince Governor Snyder to start a "Century Club" honoring these businesses that have helped keep our state's economy running through good times and bad.  Here, in alphabetical order, is my list of the Michigan 100 over 100.  Let's celebrate them!

Acme Mfg.                             1910                            Auburn Hills

American Seating                     1886                           Grand Rapids

Armstrong Int’l                                                          Three Rivers                 5^th gen

Bahle’s (dept. store)                1876                             Suttons Bay                             

Bauer’s Jewelry                      1891                             Saginaw

Bissel                                     1889                             Grand Rapids

Bond Decorating                     1891                             Iron Mtn.

Brammal Industrial Supply       1873                              Benton Harbor

Buchley’s Shoes                     1894                              Bad Axe                       4^th gen

Buis Mattress                         1913                              Holland

Bulman Products                    1905                              Grand Rapids              

Cascarellis Restaurant              1909                             Albion                          4^th gen

Central Michigan Paper            1885                             Ada

Chelsea Lumber Co.                1908                             Chelsea

Chelsea Milling                                                           Chelsea

Chris Engel’s Greenhouse        1883                             Detroit

Corbishley’s Clothing              1876                             Bad Axe                       4^th gen

Crandill Funeral Homes            1902                            Fremont, White Cloud

Daniel Orr Sons Hardware       1875                             North Branch

Dekker’s Jewelry                                                       Zeeland

Detroit Store Fixture Co.          1898                            Detroit

DeVries Jewelers                     1901                           Grand Rapids

Dickenson’s Hardware             1876                            Fennville

Diltrich Furs                            1893                            Detroit

Doncker’s Candies & Gifts       1896                            Marquette

Dykstra Funeral                                                          Holland

Ebonex Corp.                          1878                            Detroit Area

Edge- Sweets (ESCO)              1887                            Grand Rapids

Ford Motor Co.                       1903                            Dearborn

Frankenmuth News                  1906                            Frankenmuth

Fris Office Outfitters                1900                            Holland                        5^th gen

Fritz Family Restaurant             1902                            Richville                        5^th gen

GB Russo & Son                       1905                            Grand Rapids  

Getz Dept. Store                       1880’s                         Marquette

Gilbert Chocolates                                                        Jackson

Golden Shoes                                                               Traverse City

Gordon Food Service                 1897                            Grand Rapids  

Graafscap Hardware                  1869                            Holland           

Groskopf’s Luggage                                                      Grand Rapids

Harley Ellis Devereaux                1908                            Southfield                    

Henry the Hatter                         1893                            Detroit

Herman’s Boy (Coffee Roaster)   1901                            Rockford

Herman Miller Inc.                      1905                            Zeeland                       

Herter Music                              1903                            Bay City

Hoekstra’s Hardware                  1867                            Kalamazoo

Homer Monumental Works          1889                            Homer

Holland Peanut Store                   1902                            Holland                        5^th gen

Irwin Sealing                                                                  Grand Rapids

Jesperson’s Restaurant & Pie Shoppe  1903                       Petoskey

Johnson’s Studio Camera                1892                           Cheboygan                   4^th gen

Kelloggs                                        1906                            Battle Creek

Kindel Furniture                             1901                           Grand Rapids

Kositchek’s                                   1865                            Lansing

Krzyske Bros Co.                           1890                            Monroe, Waltz

Langeland- Sterenlseng Funeral                                          Holland

Lokers Shoes                                1913                            Holland

Mapes Furniture                            1892                            St. Ignace

Martins Shoe House                       1846                            Monroe                                   

Masters LaLonde Shoes                  1879                            Alpena

McClillan’s Frankenmuth Woolen Mill  1894                        Frankenmuth

Metcaef&Gonkhoff Funeral            1894                            Grand Rapids               5^th gen

Michigan Ladder                                                               Ypsilanti

Milkins Jewelers                            1905                            Wyandotte                   4^th gen

Model Drug &Apothocary Shop                                         Holland

Moore & Carter Lumber                 1904                            Sandusky,  Croswell

Mosher’s Jewelers                         1898                            Port Huron                   4^th gen 

Murphy &Caris (Law Firm)            1905                            Fremont                                  

Nouman Corp. Dist. Center                                                Bay City

Oliver Products                              1890                            Grand Rapids              

Padnos                                                                             Holland                        4^th gen

Palmer Auto Svc.                                                              Frankenmuth

Perrigo                                          1887                            Allegan

Pomeroy Funeral Home                   1890                            Croswell

Power’s Clothing                            1892                            Jonesville

Raymond Hardware                        1850                            Port Sanilac

Reusch Jewelers                             1885                            Cheboygan                   4^th gen

Schaefer Bierleen Cars                     1852                            Frankenmuth                6^th gen

Sempliner’s Bride & Formal                                                Bay City

Sieb Plumbing, Heating, & A/C         1868                            Monroe                                   

Siegel Jewelers                                1889                            Grand Rapids

Skaff Carpet & Furniture                  1911                            Flint

Smith Floral & Greenhouse                                                  Lansing

Star of the West Milling Co.              1840’s                         Frankenmuth

Steelcase                                                                           Grand Rapids                          

Steven’s Van Lines                          1905                            Saginaw               4^th &  5^th gen

Sunnyside Florist                                                                Owosso

Superior Sports Store                       1909                            Holland                        4^th gen 

The Standard Companies                                                     West Michigan            

The Yale Expositor                           1882                            Yale

Vail Rubber Company                       1904                            St. Joseph       

Vredeveld Shoes                                                                  Fremont

West Branch Flour Mill                     1892                            West Branch   

Whirlpool                                        1911                            St. Joe                         

Willis Sausage Co.                                                               Frankenmuth

Winglemire Furniture                        1858                            Holly

Wm. B. Eerdmans Publishing            1905                            Grand Rapids

Wolverine Worldwide                       1883                            Rockford         

WW Fairbairn & Sons                      1890’s                         Alanson

Yaeger’s Shoes                                1846                            Monroe                        5^th gen

Zeeland Print Shop                           1908                            Zeeland                        4^th gen

The Michigan 100

I am nearing the end of my Twitter entries of #100over100: Michigan companies over 100 years old.  Several furniture manufacturers, five funeral homes, five hardware stores, six jewelry stores and seven shoe stores!  I didn't realize it when I started, but there are exactly 100 Michigan companies on my list of  businesses over 100 years old that I can verify.  I do have several more names, but cannot find websites, newspaper articles or other confirmation that they are still in business.  So next week (after we hit the 100 mark) I will post the full list on my blog and if anyone knows of Michigan companies that have been in continuous operation for over 100 years and are not on the list, PLEASE LET ME KNOW!

First Stage Research Paper to be Published!

Today I received notice that the first paper we wrote analyzing the comparative research on 100 year old Japanese and U.S. companies will be published in the Journal of Social Sciences in October.  Once I have the specifics I will post the link to the online version of the journal for those who are interested.

Next week my research partner, Makoto Kanda, will be coming to Holland, MI from Japan and we will work on our next paper, which will go into more detail regarding the statistically significant comparative results.  Excited to be at this stage of the research and look forward to sharing the results.  I believe they are very interesting:  it is clear that the leaders of these 'old' companies see their job as one of stewardship, making sure the company succeeds in order to pass it on to the next generation.  With this as the primary objective, their business decisions are somewhat different from generally accepted management theory.

Stay tuned!

100 over 100 on Twitter

In June I stated a new line on Twitter, #100over100, to highlight Michigan companies that are over 100 years old.  I started with companies in West Michigan and should make it up to 40 with these.  Then I will branch out to other Michigan companies until I reach 100.  Right now, however, I only have around 75 Michigan companies in my national data base of companies over 100, so if you know of any please let me know.  It is particularly difficult to identify small, privately-owned companies unless you live in the area and are familiar with them.  When I'm finished, I plan to contact our governor to see if I can convince him to start the kind of "Century Club" that is in place in some other states. (Each year the governor in these states holds a ceremony for all companies over 100, with a special welcome to those just hitting the centennial mark.)

I love seeing new companies start and entrepreneurship is certainly an important part of our state's economic recovery.  But I also want us to recognize the amazing achievement of those firms that have survived world wars, economic depression, globalization, huge changes in technology, and major socio-cultural changes to serve their customers, provide jobs, and add vibrancy to their local communities for over 100 years.  So check out my twitter (@vtenhaken) and see how many companies you recognize - some are well-known public companies, though most are small, family-owned firms.

100 Year Old Companies Are Built on Relationships

One of the results of our research on old companies in Japan is the emphasis they place on relationships.  They value and work at maintaining long-term relationships with employees, customers, suppliers, other business partners and their local communities. Whenever presenting this information at conferences, the response we often received was "Well, that's Japan...it's a cultural thing." There was much skepticism about whether we would find similar results in other cultures.  However, when talking to CEOs of U.S. companies that have survived for over 100 years they echoed the importance of relationships, so we decided to use the same survey administered in Japan to find out how old U.S. companies responded.  We have now collected enough surveys, completed our initial analysis, and are in the process of writing up the results.  My research partner, Makoto Kanda, will be coming to the U.S. in August so we can discuss the statistical data and draw conclusions.  Stay tuned.

In the meantime, I have started to tweet a list of local companies that have thrived for over 100 years (#100over100 @vtenhaken if you're interested).

65 Surveys Completed

Thank you to all those 100-year-old U.S. companies that have filled out surveys for my research!  We are now in the process of tabulating the responses and will compare them to responses from old Japanese companies.  So far it looks like there are many similarities, but we will need to conduct statistical analysis to test for significance.

What Is Unique About Old Companies?

My research partner in Japan, Makoto Kanda, recently completed a study of over 1,000 companies to test our theoretical framework regarding the behaviors of old companies that have enabled them to survive for over 100 years.  By comparing the survey results from 'young' companies with those from companies founded before 1911, he came up with several statistically significant items which indicate we are on the right track with our hypothesis regarding longevity factors.  Here are a few of the results:
* Old companies scored significantly higher in every aspect of developing future leaders and succession planning
* Old companies put much more emphasis on their relationships with suppliers, customers, and local communities
* As might be expected, the old companies focused much more on tradition and improving what they see as their core strengths; when large-scale change is necessary, they admit to taking a long time to plan and implement such change
* The old companies have conservative financial practices (emphasize profitability over sales volume; are reluctant to borrow money)

The complete results have been published in the IMDA book "Global Competitiveness in a Time of Economic Uncertainty and Social Change: Current Issues and Future Expectations" (ISBN: 1-888624-11-6).