Essays /

Northwest Essay

Essay preview

Primarily a family owned business (the Wilsons)
Started by Ernest Wilson, had 4 children, the two eldest Bob and Rex joined the business in 1962. Ernest was conservative in nature, operated with little or no leverage, just wanted to support the family Bob had to fire his uncle because he was joining a union. Ernest became less involved as the business grew in the presence of Bob and Rex In the early 1970s, industry was extremely fragmented. Bob and Rex decided that acquisitions was the way to go, and the first three acquisitions were primary operators in Seattle, Olympia and Bellevue. Made 40 other acquisitions over the next 28 years – all financed through internal accruals As the business grew, Bob and Rex took courses in human resources and other management issues at Stanford/Harvard. After Ernest’s death in 1984, Bob and Rex got 100% control of the company by buying out shares from their other siblings Concept of outside advisory board by Bob

Concept of openness and promote from within policy
Took care of employees, profit sharing plan, and other perks. Most top managers in the firm worked their way up through the organization In 1998, Keith Jones was promoted as president – non family member but resigned in 2000. Mike and Grant took over as Vice Presidents, but faced difficulties initially, managers started playing the two brothers against each ot...

Read more


100 1000/meeting 14 1962 1970s 1984 1998 2000 22 28 4 40 44 5 56 absenc accrual acquisit ad addit advic advisori affect age agre also although among anderson annual approach area aspect attend author avail avoid bagaria barri basi becam began believ bellevu benefit board bob bob/rex bring brother busi buy came capit care career carter case caus centr chang chief children choic come comment commit communic compani compens competitor compris concentr concept confid conflict confront conserv consult contract contribut control coo correspond could cours crandal creat current cycl death decid decis demonstr devis dick differ difficult difficulti direct director disagr disagre distribut divers diversifi dividend earli earn effect eldest elect employe encourag enforc equal ernest especi establish estat evalu everi experi experienc extens extrem face fact famili femal financ financi fire firm first follow form formal former formul founder four fragment function gain generat geograph get given go gone good got grant grew group grow harvard help henc histor human idea ideal improv incentiv incorpor industri ineffect inform initi interest intern invest involv irrespect issu jim join jone justifi keith key landhold largest less leverag life like link list littl made make manag manageri mark market may mba meet member method microsoft might mike mr natur neerav next nextlink non non-employe non-famili none northwest nss obvious offic olympia one open oper operations/acquisitions optimum order oregon organ otherwis outgrow outsid overal own paid part pay peggi percept perform period perk person perspect plan play poach point polici portland posit possess power presenc presid primari primarili process product profession professor profit promot propos quarter rapid readi readymad real reason receiv refrain regard remain repres resign resourc respons rex right role roundtabl sale satisfactori school seattl secur see sens sensit servic set share sharehold sibl similar simpl skillset specif stake stanford/harvard start step strategi structur substanti success suggest support system tabl take term think third thoma thought three timber time took top total transit two uncl union univers use vice view want washington way well wilson within woman work would xxx year