2019 Criteria

NEW HAMPSHIRE CENTER FOR FAMILY ENTERPRISE
ANNUAL AWARDS CRITERIA

 

The Center for Family Enterprise celebrate the accomplishments of small and large businesses that exemplify the following criteria in the following categories:

 

FAMILY BUSINESS OF THE YEAR

  1.  Business Success
    The company continues to stand the test of time by overall growth in revenues, employees, and profits.

  2.  Positive family-business linkage
    The business is indeed a business, but its emphasis and brand centers on primarily on the family. This is articulated and acted on in terms of values, leadership, finances, and management, and there is a clear evidence that the business looks to its family origins as a strategy in strengthening the family and maximizing the potential of its members.
  3. Multiple generation family business involvement
    The family ownership, management, operations and/or control has successfully spanned at least two generations.
  4. Contributions to community and industry  
    The family business has provided leadership, service, and/or financial support to industry associations, charitable causes and community groups.
  5. Innovative business practices or strategy
    Over time, the family has developed innovative business strategies and practices that have led to growth, longevity and appropriate re-creation.

 

LIFETIME ACHIEVEMENT AWARD

The purpose of this award is to recognize an outstanding member of the seasoned generation for his/her commitment to the family businesses success and the contribution to the successful and harmonious transfer of the business to the next generation.

  1. The member has devoted much of his/her career to the family business and has been actively involved in the ownership and management.
  2. The member has a strong desire and commitment to keeping the business in the family.
  3. The member has mentored the next generation and provided access to leadership training and other mentors.
  4. The member has worked to achieve a tranquil transfer of ownership and leadership to the next generation.
  5. The member has been involved and supported the UNH Center for Family Enterprise and its programs.
  6. The member has willingly assisted other family-owned businesses in the transition process.
  7. The member has made meaningful contributions to the community and industry.

 

TRANSFORMATION AWARD

Family businesses demonstrate grit and determination, and they also exhibit a great deal of strategic work and lasting power. Within that realm, they strive to find the perfect balance between preserving its core and growing the business.  What is even more remarkable when a family business finds its way to growth through innovation or unique circumstances, such as a pivot in its overall strategy. We call this a successful transformation.

  1. Business Transformation/Pivot
    At a certain point, the business took a strong inward look and through a strategic plan, transformed itself and its business practice either through innovation or an appropriate pivot which has led to a trending growth and an overall stronger position. The company continues to stand the test of time by an overall growth in revenues, employees, and profits

  2. Positive family-business linkage
    The business is indeed a business, but its emphasis, brand and culture centers primarily on functioning as a family. This is articulated and acted on in terms of values, leadership, finances, and management, and there is a clear evidence that the business looks to its family origins as a strategy in strengthening the family and maximizing the potential of its members.
  3. Multiple generation family business involvement
    The family ownership, management, operations and/or control has successfully spanned at least two generations.
  4. Contributions to community and industry
    The family business has provided leadership, service, and/or financial support to industry associations, charitable causes and community groups.