Lessons from the Boardroom

There is a saying that goes, “What have you done for me lately?” For technology companies, that means a focus on innovation through research and development because customers are always looking for faster, more effective products. Spectrum Technologies helps growers, from farmers to golf course turf managers, get the most out of their land through close monitoring of weather, soil conditions, nutrient management, and more. So it’s no surprise Mike Thurow, who founded the company 33 years ago, grew up on a farm.

Show Notes

There is a saying that goes, “What have you done for me lately?” For technology companies, that means a focus on innovation through research and development because customers are always looking for faster, more effective products.
 
Spectrum Technologies helps growers, from farmers to golf course turf managers, get the most out of their land through close monitoring of weather, soil conditions, nutrient management, and more. So it’s no surprise Mike Thurow, who founded the company 33 years ago, grew up on a farm.
 
Mike has an attitude of “always be learning”, which he brings to bear in his role as president and CEO, whether it’s watching industry trends or understanding his clients’ struggles and then identifying or creating technology to solve those problems.
 
We talk about the journey from founding to today, and what he’s learned along the way, including…
 
  • The most difficult role to hire – and why talented people don’t always work out

  • The single change that had the biggest impact on profit margins

  • How the creative use of existing technology in radically different industries was pivotal in the early days

  • The biggest challenge to continued growth after more than three decades in business

  • And more

What is Lessons from the Boardroom?

The Lessons From The Boardroom podcast brings together successful CEOs and Presidents of growing small and mid-sized companies from around the world to share successes, challenges, and what’s working now to grow a business, build a culture of accountability and profitability, and increase freedom for you, the business owner and CEO.

Tune in each week as Kevin Minton of Chief Executive Boards International interviews a new leader.