Wide, Wide World of Business - THE MAKING IT! TV SHOW
Channel: Nelson Davis
Date: 17/09/2013

Originally a toy maker, Joseph Tung's interest in design led to a career in aeronautical engineering.  He began working for Boeing but decided to start his own company.  In 1985, he founded the LEDA CORPORATION with the help of his wife.  The company specializes in electromechanical package design and adheres to a high standard of perfection.  The company grosses $6-7 million a year, 90% of which is for Boeing.  LEDA Corp. supplies aeronautical and electromechanical equipment mostly for Boeing's defense, not commercial, purposes. LEDA Corp. is part of Boeing's mentor/protégé program.  Boeing offers resources that benefit LEDA Corp. by teaching them about new technology.   The goal is to enhance LEDA's capabilities, enabling them to compete for more complex awards.  Joseph is excited about the program, which he believes will help his small business become a medium-size business.

In 1973, Peggy Shreve began FRONTIER ELECTRONIC SYSTEMS in Stillwater, Oklahoma.  With a background in accounting and her husband's background in engineering, she started manufacturing electronic equipment in her kitchen.  Frontier's reputation grew, and in 1982, they won a multi-million dollar contract with the United States Navy in California. The company supplies electronic equipment and technical services and counts the United States government as one of its clients.  Their design, development, and manufacturing support many high technology programs for NASA, the U.S. Navy and Air Force, and the Boeing Company.  In 2005, Frontier Electronic Systems was named Boeing Supplier of the Year n the small business category.  Peggy believes that her association with the Boeing Company is an excellent partnership that allows Frontier to grow in the right direction.

In Secrets of Success, Bill Sornstein of Succession Strategies (www.succession-strategies.com) discusses the need for a board of advisors to provide insight, advice, and different perspectives.

Studio Guest Daniel Korte, vice-president of supplier management and procurement for Boeing Integrated Defense Systems, describes how to become a Boeing supplier.  He advises that companies present the unique capabilities they can offer Boeing.  He also suggests that minority or disadvantaged companies locate one of Boeing's diversity offices to become a supplier.

Title: Making It! TV - Wide, Wide World of Business
Show: #511
Recorded Date: 9/16/2006

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