Michael Falco'79 was featured in an October 2 York Daily Record article for his role in coaching local executives to success through a CEO leadership training program.
From the York Daily Record:
Most multi-generational businesses trace their genesis to a basic concept:
"Someone liked making something," Falco said.
That someone, the firm's founder, was "a technician, a doer" who probably didn't have a strategic plan or a degree in business management. "They were haphazard about how they grew their business, and the economy allowed them to be," Falco said. "You didn't have China involved. You didn't have Mexico involved."
And many are still spinning their wheels in York County, where more than half of the 950 companies with sales of less than $15 million are run by families, said Falco, who commissioned a study on the issue before opening his consulting business in MANTEC's office on North Hartley Street in York.
In the Lancaster-York area, about 80 percent of employers are family businesses, said Mike McGrann, executive director of the S. Dale High Center for Family Business at Elizabethtown College.