MEGHAN JUDAY: THE “IDEAL” WAY FOR A FAMILY-OWNED BUSINESS
Meghan Juday, Chairman of the Board at Ideal Industries, a family-owned multinational corporation engaged in diversified industries, describes her firsthand experience of managing a successful family-run businesses. A key advantage is the long-term perspective, expressed on the company’s website as “seeing our business in generations, not quarters,” which fosters an entrepreneurial culture. However, a company’s legacy can be difficult to maintain over generations in a constantly changing environment.
Ms. Juday provides glimpses of Ideal’s strategies for maintaining a family environment of inclusion, development, growth, and success. As a speaker, author, and family business and corporate governance advocate, she has a deep understanding of what helps family businesses thrive and survive. Join us to learn more about how she maintains the founding culture and standards, grooms talent in younger generations, and meets the challenges of being a female leader of a manufacturing business.
- IDEAL Industries’ history since 1916
- Family businesses being more resilient in a down market
- Trends in the electrical industry and how can family businesses keep up
- Meghan’s fascinating journey to Chairman of the Board of IDEAL industries
- Initiatives Meghan launched at IDEAL Industries to increase family engagement and develop the next generation of leaders
- Sustaining the culture at IDEAL that began with J. Walter Becker in 1916
IDEAL Industries Website: https://www.idealindustries.com/us/en.html
Meghan Juday on LinkedIn: https://www.linkedin.com/in/meghanjuday/
Disclaimer: The views, information, and opinions presented in this Podcast are solely those of the individuals involved and do not necessarily represent those of Fernweh Group LLC or its affiliates. This Podcast should not be considered financial or investment advice. Fernweh does not verify for accuracy any of the information contained in this podcast.