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- Turn on the radio or television or open a newspaper and chances are you're reminded of Michigan's economic challenges. No question, the state is feeling the effects of its industrial roots: the trees are swaying in the winds of change...

Sports teams and the arts have cheerleaders to inspire them to do good or better. Businesses, educators, labor unions and all people of Michigan should also be cheerleaders and keep a positive and upbeat attitude.

- Although the family has chosen to remain anonymous, it seems that they too may have run out of interested family to continue the business. There were seven family shareholders and only two were actively in management. The managing family members were in their 50s when they decided that it was time to explore the "sell option."

- The economy is weak and credit is tight in some sectors. Nonetheless, entrepreneurs continue to start new businesses in Michigan and many existing companies are thriving. Whether they are start-ups or long-standing businesses, they share the need for a helpful financial institution, usually a bank.

It takes intelligence and steady guidance to navigate today's economy and Michigan businesses needs strong leadership now more than ever. Corp! magazine will honor the state's top executives who continually advocate for doing business in Michigan and act as the state's best ambassadors, drawing the big business deals, events, talking up Michigan and in general, making things happen.

In 2005 Governor Jennifer Granholm declared that Gladys Beckwith, executive director of the Michigan Women's Historical Center and Hall of Fame, single-handedly made sure that the contributions of Michigan women are known to all and that because of her, young women growing up in the state will know that all things are possible in their lifetime.

- In this issue we feature some Michigan women who are leaders in our state and nation, and those who hold top positions in the workplace and business.

- According to the American Family Business Survey, the number of female CEOs or presidents has doubled every five years since 1997. The most recent survey, done in the summer of 2007, indicates that 24 percent of the businesses surveyed currently have a female CEO or president - up from about 5 percent in 1997.

- Every business owner depends on key employees who excel at their jobs, keep things running smoothly and make significant contributions to the success of the company.

- Yes, it's a cliché. But like many before it, this one has a bit of a twist to it - if you want something done, ask a busy woman. The fact is, Michigan has quite a few women who have what it takes to get it done, as Corp! found out when we began researching our story about the state's top women leaders.

Michigan is surrounded by six quadrillion gallons of fresh water, and over 3,000 miles of lake coastline. Because of that, its residents and businesses have been able to build and maintain a diverse state economy of agriculture, tourism, recreation, manufacturing and shipping.

- After 15 years as a pediatric surgeon, Dr. Robert H. Connors was appointed president of Helen DeVos Children's Hospital, a 14-story, 440,000-square-foot facility projected to cost $190 million.

- In 1986 a group of multidisciplinary professionals got together to explore family business. Twenty years later that group has evolved into the Family Firm Institute (FFI), an international organization of service providers to family firms.

- Our national government and the Small Business Administration (SBA) have long known the importance of small business. The word has never gotten out as it has in recent years.

Nothing is more critical to both the short and long term success of a family business than the transition between the first (G1) and second (G2) generation. Fewer than half of family companies make it from the first to the second generation.

- W. J. Beal joined the Detroit Institute of Arts as director, president and CEO in 1999, attracted by the prospect of leading the museum during a major renovation and expansion. Since then, the native of Great Britain has overseen two major capital campaigns and the redesign of the museum. Now the collection is being reinstalled with new tools to help visitors better understand the art and its cultural context. The museum will reopen at 10 a.m., Friday, Nov. 23 with a 32-hour grand opening celebration.

- Some of the best run organizations today have discovered the real "killer app" goes beyond technology and infrastructure. It's people. And more to the point, it's people from diverse backgrounds, cultures and ethnicities. In short, it's our differences that not only set us apart but make us better.

- In April 2007, Ford Motor Company President and CEO Alan Mulally promoted Susan M. Cischke to senior vice president for sustainability, environment and safety engineering. She would oversee a company-wide effort to create a greener Ford, Mulally said.

It's a proverbial chicken and egg question: What comes first - a great company to work for or great people who work there? In the minds of many, it might not seem like much of an issue.

- In today's business world, the existing rules of competition no longer apply.

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