Tuesday, August 09, 2005
Student assignment re: how a small company benefits from a large company
Last night a student asked for help with an assignment in which he was to show how a small company benefits from a contract with a large company. After a brief discussion about "small" and "large," (there's no one definition of a "small business" from the government), he said he was thinking of a manufacturer and a supplier. I suggested the National Minority Suppliers Development Council as a place to start. (Members of this organization are included on the web site, and include some of the largest corporations in the U.S.) Most of these corporations have diversity programs, and some list "success stories" or ""partners", etc. Then, Business Wire or other databases could be searched about the companies. I thought two publicly traded firms might provide more information than non-public firms, or a publicly traded firm and a private one. For example, Bridgewater Interiors, a private firm, has had two very large ($400 million) contracts with the automobile manufacturers. We found some stories in Black Enterprise and other publications. Black Enterprise and Hispanic Business, among other publications, honor firms for their diversity efforts. This all took some time though. If you have other suggestions, please post them.
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