Samuel C. Johnson Family Enterprises
From the case of Samuel C. Johnson Family Enterprise, it is clear that for one to run a business successfully, one has to consider the demand for the products in the market. The needs of the people are the best determinants of the success of any business. Since one cannot run a business alone, employees must be included, and for the employees to be productive in the business, the way they are treated will determine their productivity. Treating all employees equally and giving them bonuses for every mission achieved will motivate them which make them more productive and aggressive in the business. According to Herbert, the goodwill of the people is the key to the success of the business. This requires that all the stakeholders of the business are treated with due respect and care so that they can contribute to the progression of business. The benefits given to the employees apart from the salary contribute to the success of the business.
Most of the best business ideas area developed after a challenging task which triggers individuals to think beyond. Quality is the major requirement for a successful business. Products of high quality are likely to have increased demand which means business with quality products can penetrate easily into the market. Different people have different opinions which if well supported, can lead to a successful business idea. There is no need to copy what was done before because everything is subject to change.
From the case, it is clear that running a business family is easiest where children are trained to value the people in their surroundings. A family business retains values which makes it a good form of business. A good employee relation helps in retaining the best employees which leads to the success of a business. All business owners should work towards improving the place of work because they are part of it. This can be achieved where a good relationship with customers, suppliers, employees and other workers is enhanced.