Generational change is grabbing a lot of our attention lately. For the first time, we are dealing with four generations working together in our workforce. We have the Veterans, the Baby Boomers, Generation X, and as of 2005, Generation Y. Generation Y, which is hitting the working world in full force, numbers over 70 million members. By comparison, Generation X has about 46 million members. I find myself at the end of the Baby Boomers and the very beginning of Generation X, known as a “Cusper”... might explain why I feel somewhat confused at times. Being closer in age to the Baby Boomer generation, I find it easier to understand that generation, as compared to Generation Y. If you can describe workaholic as “working for the fun of it,” then I definitely fit that description. Here is the problem. The members of Generation Y may not want to work until midnight, go for months without a day off or go into work on weekends to “catch up” and so on. These are typical Baby Boomer characteristics. On the positive side, Generation Y may not have to deal with as many heart attacks, ulcers and high blood pressure problems as do Baby Boomers. To Generation Y members, change is really no big deal — as long as the change benefits them. They expect change and they expect it often and fast. I was having a conversation with some young Generation Y members the other day. When I told them that there was no Internet, e-mail, cell phone or personal computers when I entered the workforce, their response was pretty much, “Yeah, I know. That is what my parents say. Get over it.” Please. Sounds a little like our own parents’ stories about “walking two miles to school, uphill – each way.” I can identify with this generation on some issues. I am a “gadget guy.” I want the newest thing out there. I am impatient, and for the most part, love a good challenge. Once I decide to do something, I want it done right now. I have learned to control this somewhat and have grown into the idea that moderation can be a good thing. The MPMA is spending a lot of time and effort to get its arms around the generation gaps and the issues that accompany them. This was the top subject at our recent, very successful, Grandview Summit. I know we will keep working on it. One thing to consider moving forward is that every generation has a different idea of what is important. One expression of values is not any better than another, just different. But hey, hold on to your shorts for Generation I (those born after 1996, can you believe it?). The I stands for “Internet.” They also are known as the Net Generation. They still are too young to drive and they already are reshaping thousands of years of culture through social networking, texting and instant messaging. How long do you think it will be before they take our jobs and cancel our Social Security checks? Maybe we can distract them with television and loud, annoying music! On a side note, I would like to congratulate MPMA’s publication, <strong>Precision</strong> <strong>Manufacturing</strong>, on winning the 2008 Award of Communication Excellence from the Midwest Society of <strong>Association</strong> Executives. Supporting <strong>Minnesota</strong> in becoming the world leader in precision contract manufacturing and related technologies. EDITOR | PUBLICATIONS MANAGER Amy Slettum SALES MANAGER Tim Crolley LAYOUT & DESIGN Kimberlea Weeks COVER DESIGN Andrew Rustad MINNESOTA PRECISION MANUFACTURING ASSOCIATION 5353 Wayzata Blvd., Suite 207 Minneapolis, MN 55416 (952) 564-3041 www.mpma.com MPMA OFFICERS President Mike Yeager, Yeager Machine, Inc. Vice President Dave Fiedler, Checker Machine, Inc. Treasurer Mike Gramse, MRG Tool & Die Corp. Secretary Bob Miller, Kendeco Tool Crib EXECUTIVE DIRECTOR Jaime Nolan, CAE EDITORIAL COMMITTEE Chair Brenda Kyle blk@sppa.com Elizabeth Abraham elizabeth@toptool.com Mike Neeley mikeneeley@comcast.net Denny Nybo dnybo@hegmanmachine.com Bill Remes remesbill@aol.com Ted Roberts troberts@robertsautomatic.com Fred Zimmerman zimco@visi.com For editorial, advertising or membership information: Voice: (952) 564-3041 Fax: (952) 252-8096 <strong>Precision</strong> <strong>Manufacturing</strong> (ISSN 0273-7523), is published six times per year by IntrinXec Management Inc., 5353 Wayzata Blvd., Suite 207, Minneapolis, MN 55416. <strong>Precision</strong> <strong>Manufacturing</strong> is the only authorized regular publication of the <strong>Minnesota</strong> <strong>Precision</strong> <strong>Manufacturing</strong> <strong>Association</strong> (MPMA). Opinions and conclusions expressed in the magazine are those of the individual writer and do not necessarily reflect the official position of the MPMA or its officers. Advertising rates provided on request. Correspondence regarding the magazine, including industry news releases, photographs and press releases relating to precision manufacturing should be sent to <strong>Precision</strong> <strong>Manufacturing</strong>, Amy Slettum, c/o IntrinXec Management, Inc., 5353 Wayzata Blvd., Suite 207, Minneapolis, MN 55416. Electronic correspondence, including attached files in Word or plain text formats, may be sent to amy@mpma.com. Unsolicited materials will not be returned. POSTMASTER: Send address changes to: <strong>Precision</strong> <strong>Manufacturing</strong>, c/o IntrinXec Management, Inc., 5353 Wayzata Blvd., Suite 207, Minneapolis, MN 55416. Copyright ©2008 <strong>Minnesota</strong> <strong>Precision</strong> <strong>Manufacturing</strong> <strong>Association</strong>.
An Exit Strategy Requires Making Smart Moves Early in the Game You worked hard to create your business. How you plan potential exit strategies will ultimately Many professionals suggest putting a years before you intend to retire…ten be built right into an initial business plan. Other Considerations… Disability of owner Departure of a business partner Avoid a future stalemate… Your local Federated more about how Federated’s association members can help It’s Our Business to Protect Yours. ® The FEDERATED Insurance Companies Home Office: 121 East Park Square, Owatonna, <strong>Minnesota</strong> 55060 (507) 455-5200 www.federatedinsurance.com
- Page 1 and 2: Journal of the Minnesota Precision
- Page 3 and 4: 7600 Anagram Drive Eden Prairie, MN
- Page 5 and 6: AUGUST 2008 10 NIGHT AT THE RACES &
- Page 7: INTERNATIONAL, INC
- Page 11 and 12: In the past year, we have seen a lo
- Page 13 and 14: Monday, September 8 - Saturday, Sep
- Page 15 and 16: FEATURED AT IMTS 2008: Marvel Manu
- Page 17 and 18: Note that the new Okuma control is
- Page 19 and 20: JOIN THE MINNESOTA PRECISION MANUFA
- Page 21: Machine Tool Showcase
- Page 24 and 25: VISIT US AT IMTS BOOTH D-4202 Conce
- Page 26 and 27: TOYODA ENGINEERING A BETTER WAY FOR
- Page 28 and 29: Visit Us at IMTS in Booth A8018 2
- Page 31 and 32: MACHINING TITANIUM: HOW TO REMOVE M
- Page 33 and 34: At Haas, we know that the only way
- Page 36 and 37: David Brooks of the New York Times
- Page 38 and 39: Rigidity. Accuracy. Stability. Find
- Page 40 and 41: Michael Jones with Bell & Howell sa
- Page 42 and 43: initiatives. In other cases, he exp
- Page 44 and 45: y Jason Swartz Today’s media worl
- Page 46 and 47: Before engaging, however, it’s im
- Page 48 and 49: Five years ago, Rudolph Technologie
- Page 50 and 51: There is an ancient story of the
- Page 52 and 53: Mold making is one of the most comp
- Page 54 and 55: Our firm recently planned a seminar
- Page 56 and 57: ACCOUNTING & MFG. CONSULTING BLANSK
- Page 58 and 59:
TECHNICAL COLLEGES AND UNIVERSITIES
- Page 60 and 61:
Challenge Machine & Manufacturing I
- Page 62 and 63:
Hibbing Fabricators, Inc. Wayne Lar
- Page 64 and 65:
Olympic Steel Roger Allen (763) 544
- Page 66 and 67:
Spec Plating Corporation Steve Fors
- Page 68 and 69:
WWW.MPMA.COM QUICK GUIDE DISTRIBUTO
- Page 70 and 71:
OW CRY rrowcr providing the finishi
- Page 72:
arrow cryogenics... we’re here to