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Business Life Transition Radio Show

Business Life Transition Radio Show Interview

Business Life Transition Radio Show

Jeff Klingberg discusses bringing ‘sexy’ back to U.S. manufacturing.

On Monday, March 17th, Jeff Klingberg, President/CEO of Mountain Stream Group, was on the BLT — Business Life Transition radio show on the Blog Talk Radio network talking with Jan Mariano and Brian Basilico about how to bring ‘sexy’ back to manufacturing through science, technology, engineering and mathematics (STEM) education. Click here to listen in at Business Life Transition radio.

Pie charts showing results of American Society for Quality/Harris Interactive 2008 study: only 20% of parents encouraging engineering and only 15% of kids (ages 8-17) interested in engineering

Introducing Fluid Power to Younger Students Is One Way to Stave Off Extinction

This article was first published in the September 2009 issue of the now defunct Today’s Fluid Power magazine.

Fluid power isn’t sexy.

American Society for Quality/Harris Interactive 2008 Study Pie Chart

Source: American Society for Quality/Harris Interactive 2008 Study

That’s the conclusion the international fluid power industry came to in 2007 as the reason why there is a shortage of people with fluid power skills influencing design decisions regarding which motion control technologies to use. The fluid power industry isn’t the only industry seeing this image problem. It’s a systemic crisis that permeates the entire US culture.

A 2008 Harris Interactive study for the American Society for Quality found that 44% of kids, ages 8-17, don’t know much about engineering, and 30% of the respondents want a more exciting profession than engineering. While 97% of parents stated they believe that knowledge of math and science will help their children have a successful career, only 20% encourage/will encourage their sons or daughters to become engineers.

The study further reports that kids don’t feel confident enough in their math or science skills (21%) to be good at engineering — despite the fact that the largest number of kids ranked math (22%) and science (17%) as their favorite subjects.

OK. We now know what the problem is so how do we fix it?

The US fluid power industry decided to develop alliances with FIRST (Foundation for the Inspiration and Recognition of Science and Technology), Project Lead The Way, and SME (Society of Manufacturing Engineers) Education Foundation to promote fluid power education in middle schools and high schools. They’ve created a ‘key school’ program, the Fluid Power Challenge, and the Fluid Power: A force for change video among other initiatives. The Fluid Power Education Foundation has scholarships for college bound student who will study fluid power.

I commend the US fluid power industry for their efforts, but there is shortsightedness to these educational outreach initiatives that I don’t think many engineering and fluid power industry leaders understand. Read more

Industrial Marketing: Can Social Media Play a Role? Can Social Media Work?

Industrial Marketing: Can Social Media Play a Role? Can Social Media Work?

Industrial Marketing: Can Social Media Play a Role? Can Social Media Work?

These and many similar questions  are being asked and debated across the industrial marketing spectrum.  And, there is no clear consensus.

The following is a look at why the answer might be maybe.

1.  Fear is holding back adoption.

In general engineers don’t have a lot of spare time on their hands.  Part of the reason for the lack of time on their hands to engage in social networking can be attributed to their inability to get to social media. The SAE International’s Do mobility engineers use social media? study surveyed nearly 1200 members and found only 55% said they use social media for work and only 52% of companies permit social media use during business hours.

Additionally, MarketingProfs What Works in 2011: B2B Marketing report finds that the number of companies restricting social media use is growing. Facebook, while the most popular of the social networking channels, is also the most blocked by companies.

Security and over exposure of information are the Top 2 fears of companies according to McAfee Inc.’s Web 2.0: A Complex Balancing Act – The First Global Study on Web 2.0 Usage, Risks and Best Practices Report. The study found over 60% of the respondents stated their company suffered losses averaging of $2 million related to security issues.

Read more

Mountain Stream Group Expands Client Payment Options

Male hand digital plastique card computer e-commerceIt used to be the only payment methods for businesses were cash or the company check. Then came along corporate credit cards. And, now the integration of the Internet with the Check Clearing for the 21st Century Act (Check 21 Act) has changed the way we all do business and opened a whole new world of invoicing and online payment possibilities.

For several years now we have been sending our clients invoices by email, and have been accepting credit cards through PayPal. While this has been greatly appreciated by our clients, they’ve asked for more options. So, we’re pleased to announce the addition of a new online invoice payment options — QuickBooks Payments (formerly known as Intuit Payment Network).

With the addition of this payment methods, our clients now have multiple options to choose from when paying their invoices:

  1. corporate or cashier’s checks through postal mail,
  2. credit cards through PayPal, or
  3. ACH or bank-to-merchant electronic payments through QuickBooks Payments.

All of the online payment methods are free of charge to our clients.

We will be adding links to our invoices — as they become available for our accounting system — that will let you select which online payment methods, if any, you’d like to use. In the meantime, if you are interested in using any of the online payment methods let us know and we’ll make the arrangements. If you have any questions or would like more information about our payment methods please contact us at info (at) mountainstreamgroup.com or call Jeff Klingberg at +1 847 453 8895 x701.

Updated: 09 June 2017

North American Success Photo

Four Keys To North American Success For Foreign Corporations

North American Success Photo

North American success for foreign corporations can be elusive. A recent LinkedIn post asked for experiences from foreign national corporations who have had trouble introducing their products and services to the North American market.

From our experience in this area, foreign national corporations typically encounter the following issues.

1. Send a foreign national to open the operation just because someone believes there is a large untapped market in North America, but no research is done and no North American success plan is formulated before coming.

2. They attempt to apply their current sales policies and distribution channels they utilize in their home country in North America, which typically is unsuccessful.

3. They send people to manage the North American operations who have little to no understanding of the culture, and given limited time and resources to learn it.

4. If they hire a Canadian or United States national to manage their operation, there is a communication issue between the North American operation and the home country. Typically, the reason is the North American operation does not have a seat at the executive table when decisions are made, and little training or effort was given to introduce this person to their new employer.

5. Very limited financial and human resources are allocated for operations, sales and marketing — especially sales and marketing.

6. No or limited inventory of product is on hand in Canada or the United States and long lead times to get product sold to North America.

7. Cut and run. For as much as foreign corporations talk about managing for the long term, they tend to apply short term thinking when measuring North American success, which leads to huge turnover of employees and management teams — ultimately resulting in cutting their losses and closing shop after 3, 4 or 5 years.

Read more

Marvelous Inventions Photo - Electricity

Marvelous Inventions And The Men/Women Who Created Them. Who Should Be In The Design Hall Of Fame?

Marvelous Inventions - Electricity Photo

What’s your top 10 inventions? Who are your top 10 designers/engineers?

Since the dawn of time, humans have been full of curiosity. They’ve asked what if, and used their ingenuity to create products and machines that have solved a problem, and made people’s lives easier, more efficient or safer. Some of the millions of marvelous inventions that have changed world in small and major ways, include the steam engine, electricity, the telephone, the television, the radio, the microwave oven, air conditioning, the automobile, the airplane, the printing press and the semiconductor.

The designers and engineers — men and women like Thomas Edison, Alexander Graham Bell, Leonardo Da Vinci, Johannes Gutenberg, Harriett Russell Strong, Henry Ford, Denis Papin, Ben Franklin, and Josephine Garis Cochran — for the most part have worked in obscurity and only became famous posthumously. In most cases, they never get the recognition they deserve because educators, students and the public at large don’t understand what engineers do.

In fact in a survey for the American Association of Engineering Societies, Harris Interactive found 61% of respondents didn’t consider themselves well informed about engineering and engineers, and 70% of respondents thought that the media did only a fair or poor job covering engineering.

Product Design and Development magazine feels that the design engineers should get the recognition they deserve for a lifetime commitment to the profession, and are creating PD&D Design Engineering Hall of Fame. They’re asking design engineers to email them with their top 10 list of design engineers. Upon compiling the submissions an advisory panel will select the first five inductees. Mountain Stream Group is proud to be one of a member of the advisory board.

To learn more visit PD&D at the following link. http://www.pddnet.com/blogs/2009/07/pdd-design-engineer-hall-fame

Before You Leap Into Social Media and Networking Photo

Before Leaping Into Social Media and Networking

Social Media & Networking Photo - Before Leaping

Six steps to your organization’s social media and networking success.

The Internet, more specifically social media and networking has changed the way people and organizations connect, create, stay in touch or seek help from others.

Citizen journalists are using social media tools like blogs, microblogs, and video sharing to inform the world of the events surrounding the 2009 Iranian election protests when traditional journalists were banned from the country. It helped to topple the Egyptian government and many other Middle Eastern governments in 2011.

Musicians utilize services like Myspace and YouTube to launch careers and connect with fans. Companies employ wikis to collaborate on product development,  manage projects and customer relations, and provide technical support. E-tailers and restaurants apply reviews and opinions to increase traffic and drive sales because while 14% of people trust ads, 76% trust consumer recommendations* for purchase decisions. Furthermore, companies use Facebook to encourage fans to refer their products or services since a Facebook friend referral makes two-thirds of US Facebook users more likely to purchase a product or visit a retailer¹.

However, many organizations are jumping head long into social networking before they know what it is, how to use it, what platforms their stakeholders may or may not use, what social technographics define their stakeholders and what costs —  direct and hidden — are involved for fear they are going to be left out.

Others leap in because it is going to be a ‘cheap’ way of marketing themselves without having goals, strategies and tactics established, knowing the human resource and time allocations needed to get results, defining a method for measuring results, and determining what message(s) they’re going broadcast. Read more

Without Knowledge Your Marketing Investment Is Worthless Photo

Without Knowledge Your Marketing Investment Is Worthless

Without Knowledge Your Marketing Investment Is Worthless Photo

Business owners invest in their firms, not stocks is the headline AP Business Writer Joyce M. Rosenberg used for her article in Crain’s Detroit Business, June 24th Small Talk section. It discusses how business owners, like you, are intending to invest in their businesses instead of the stock market, since it’s such a risk.

If business owners are truly going to (re)invest in themselves as the article states, then they really have to understand that a marketing investment is something they cannot do without. It’s one of the investments that, if done right, has the largest return-on-investment and impacts the business the most.

But sadly, I have to say, many companies start without any research. Many fly along by the seat of their pants. Many don’t have a clue who their competitors are, what their business structure is and how they are positioning themselves in the marketplace. Many don’t have an inkling who their stakeholders are, their customers’ needs and wants are, or how and where their customers get their information. Many don’t know what makes their own business unique.

If your business wants to gain the greatest return-on-investment possible, have the best conceivable brand image and awareness and have the largest sales increases attainable, you must do your due diligence before you invest. Hopefully, that is what you did when you invested in the stock market. So, the same principles must apply to your company’s marketing investment because without knowledge the investment is worthless. Read more

Wakeup Fluid Power Industry or Prepare for Extinction Photo

Wake Up Fluid Power Industry Or Prepare For Extinction

Wake Up Fluid Power Industry Or Prepare For Extinction

A recent post in the Hydraulics & Pneumatics magazine’s discussion group on LinkedIn asks: Is fluid power on the decline?

As a person who worked in the industry for 10 years and has provided consulting services to the industry for the past 16 years, I believe it is—especially in the United States. And, if they don’t wake up immediately, they’ll find themselves in the history books and museums alongside dinosaurs—extinct.

Like a precision military assault, the fluid power industry is getting hammered on several fronts: technology competition, the environment, government regulations and knowledge loss. The environment, government regulations and knowledge loss have teamed up to open a gaping hole in the fortress allowing a full frontal attack by technology competition.

And, like Great Britain during World War II, the industry has done very little to combat the forces working against them. While some have acknowledged defeat and quit the battle, most of the industry, it seems, have yet to realize they’re under attack or their survival is at risk. Read more

Agencies Unite Photo

Agencies Unite To Help Organizations Keep Pace With An Evolving Landscape

Mountain Stream Group - Agencies Unite Photo

Fluid Power Technologies International and Konstanz Kommunikations undergo consolidation with Mountain Stream Group to form new, Chicago-based experiential communications design consultancy.

Thanks to the Internet the world’s getting smaller and moving at an ever-increasing pace, communication methods are expanding, and an organization’s success is increasingly dependent on fluid global communication.

The number of internal and external, seen and unseen points where your stakeholders touch, experience and hopefully connect with your brand, product or service keeps growing. Beyond the normally thought of touchpoints, your building’s architecture, your workspaces, your information systems and workflow processes, your product’s aesthetics and functionality, and your computer-mediated and machine-to-machine interactions are now vital members of a very dynamic communications ecosystem—living together interdependently. Read more