SOI Forms: A Passing Grade
Major Business Systems began its diversification process in the early '90s. Unfortunately, that isn't always enough to escape the impact of technology. Leadership and creativity will be tested.
"As a family-owned company, how much we can change will be driven by how much the economy will change which remains unknown. Because the manufacturing segment of the industry is so capital intensive with respect to re-tooling for change, this uncertainty has led to caps on re-investing by financial institutions which, in my opinion, continues to hinder an economic rebound and will be an impediment for those who want to evolve their companies into something different," he explained. "Quickly as we look at the options for changing or adapting our product line, our decisions are now based on which one may bring a quick return on investment. Where in the past, we would have been willing to extend that term a little longer."