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|Articles - March 2011|
|Tuesday, March 01, 2011|
Page 4 of 7
First came the recession, followed by the coldest, wettest summer in 15 years — meteorology that’s not very kind to a company whose flagship product is a salve for poison oak and ivy. Next, president and CEO Steve Smith lost his mother and went through a divorce.
Topping it all off, despite making the 100 Best list at least eight times before, Tec Labs failed to make the cut either year.
“I was very concerned,” says Smith, who founded Tec Labs in Albany with his father in 1977. “When you’re already down, it was just one more kick.”
But at the beginning of 2010, Smith and his 30 employees decided the trench mentality had run its course. Realizing that the company’s strong culture needed to be unhooked from the owner, Smith set up a culture team. Small perks like monthly lunches that had been cut to save money were reinstated. And in the first quarter of 2010, the company paid employees back for an earlier 5% payroll cut.
“You’ve got to take care of your horses first,” says Smith, alluding to his grandfather’s practice of always taking extra special care of his draft horses in the field.
The tribulations of the past couple years have underscored for Smith the important role that Tec Labs plays in the lives of its employees, not only as an employer, but as a place to develop lifelong friendships and become part of an extended family. When you create an environment like that, he says, employees enjoy their work and will go the extra mile — or 10 — in good times or bad.
“It’s like refining gold or silver,” Smith says. “You heat it up and that’s when all the impurities come out. But skim it off and what’s left is pure gold.”
Thursday, July 03, 2014
BY TED AUSTIN & MIKE BAELE | GUEST CONTRIBUTORS
The Office of Economic Analysis announced that Oregon is currently enjoying the strongest job growth since 2006. While this resurgence has been welcome, the lingering effects of the 2008 “Great Recession” continues to affect Oregon businesses, especially with regard to estate planning and business succession.
Friday, June 06, 2014
BY KATIE AUSBURGER | OB GUEST CONTRIBUTOR
How to build a hipster-friendly work environment.
Tuesday, July 08, 2014
BY LINDA BAKER | OB EDITOR
The New Yorker recently published a sharply worded critique of “disruptive innovation,” one of the most widely cited theories in the business world today. The article raises questions about the descriptive value of disruption and innovation — whether the terms are mere buzzwords or actually explain today's extraordinarily complex and fast changing business environment.
Update: We caught up with Portland's Thomas Thurston, who shared his data driven take on the disruption controversy.
Monday, June 30, 2014
Oregon Business magazine won two silver awards for excellence in writing in the National American Society of Business Publication Editors Western region competition.
Friday, June 13, 2014
BY CLIFF HOCKLEY | OB GUEST BLOGGER
This article summarizes the key considerations a building owner must keep in mind when thinking about leasing to a medical marijuana dispensary.
Thursday, June 05, 2014
BY HANNAH WALLACE | OB BLOGGER
What does it take to launch and run one of these mobile food businesses?
Tuesday, July 01, 2014
BY HANNAH WALLACE | OB BLOGGER
Demand for organic food continues to soar: Last year, sales of organic food rose to $32.3 billion — up 10% from 2012. In Oregon, organic produce wholesaler Organically Grown Co. has been championing organic growing methods for four decades.
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Forest Grove sees growth in the burgeoning food and beverage scene.
Lane Powell Shareholder Susan K. Eggum has been elected as vice chair of programs and projects for the International Association of Defense Counsel’s (IADC’s) Employment Law Committee.
Geffen Mesher is saddened to announce the passing of long-time shareholder, Tom “Mike” Anderson, who died on July 10, 2014, from liver disease diagnosed after recent heart surgery. He was 55 years old.
Fifteen Lane Powell attorneys have been named 2014 “Oregon Super Lawyers,” and another five attorneys have been named as “Oregon Rising Stars” by Super Lawyers magazine.