TEXAS FAMILY BUSINESS OF THE YEAR
APPLICATIONS ACCEPTED FROM JANUARY 1 - JUNE 7, 2013
Application packets will be accepted for the 24th Annual Texas Family Business of the Year awards from January 1 until June 7, 2013. Awards will be presented November 4, 2013 at a banquet on the Baylor campus in Waco. The Institute for Family Business at Baylor University hosts this annual awards ceremony to recognize and honor outstanding family firms from across the state.
Winners are chosen in three general categories - large (more than 151 employees), medium (51-150 employees) and small (50 or fewer employees). Outstanding firms are also honored in the special categories of Family Values Award, Community Commitment Award, Fastest-Growing Family Business Award, Well-Managed Family Business Award, Founders Award and Heritage Award.
To apply a firm must be headquartered in Texas and have one or more of the following characteristics:
has been owned and operated by different generations of a family
the potential exists for ownership to be passed on to a younger generation
more than one member of a family has active employment in an organization owned by a family
a family holding company which is presently operating a business
Outstanding family firms show concern for their family and its role in the business and community, demonstrate contributions to their industry and their community and are role models for the family in business.
If you have any questions, please contact Linda Ramirez at the Institute for Family Business at phone 254-710-4157, or e-mail Linda at (Linda_Ramirez@Baylor.edu).
Please right-click on the following link and choose Save Target As to save the 2013 Texas Family Business of the Year Application Form to your computer.
2013 TEXAS FAMILY BUSINESS OF THE YEAR APPLICATION FORM
Completed application materials must be received by June 7 for the 2013 Texas Family Business of the Year Awards.
The Judges of the 24th Annual Texas Family Business of the Year awards are affiliated with the Institute through its Forum series. Each has expertise in the field of family business, either heading successful companies, family business consulting or teaching family business. They have graciously agreed to read and research applications sent to the Institute for Family Business.
The entries are judged on the following criteria: Family Involvement, Community and Industry Involvement and Business Success and Succession. The information our judges must determine is:
Is this family involved in the family business in a positive manner? Is it evident the family makes an important contribution to this firm? Is the family concerned for the community? Does the family understand its role in the business? Has the family planned for its future involvement in the business?
COMMUNITY AND INDUSTRY INVOLVEMENT
Does this business make a significant, positive contribution to the community? Is this business making a significant, positive contribution to its industry? Is this business concerned for its employees? Does this business have a positive impact on society? Is this business contributing to the general economic well-being of its community?
BUSINESS AND SUCCESSION
Is this a successful business? Will this business probably survive succession? Does this business evidence strategic planning? Is this business innovative? Does this business practice sound management?
There are also six special awards, in which size is not a determining factor:
FAMILY VALUES AWARD
This award is given to the SUCCESSFUL family business that has shown the greatest commitment to family values by nurturing healthy relationships and stability over successive generations.
WELL-MANAGED FAMILY BUSINESS AWARD
This award is given to the SUCCESSFUL family business, which demonstrates management techniques resulting in efficiency and effectiveness in operations and contributing to the quality of the work environment.
COMMUNITY COMMITMENT AWARD
This award is given to the SUCCESSFUL family business that demonstrates a commitment to improving their community and to the overall well-being of their community.
FASTEST-GROWING FAMILY BUSINESS AWARD
This award is given to the SUCCESSFUL family business that demonstrates rapid growth over a short-period of time and has implemented innovative business techniques in achieving this growth.
This award is given to the SUCCESSFUL family business that has grown and adapted to present and future markets while maintaining the identity and original concept of the founder.
This award is given to the SUCCESSFUL family business that has overcome statistical odds to achieve the rare status of maintaining continuous existence through at least three generations of family ownership.
Please remember, even though you are well known, the judges do not know your company policies. You must tell or show how you are involved as a family, what contributions you have made to the community, and what you have done to ensure succession of your business. All information is confidential and access is limited strictly to the Institute for Family Business and the judges in your category. Good luck and we look forward to your completed nomination form.
Completed application materials for the 2013 Texas Family Business of the Year Awards must be received by June 7th, 2013.