Crestron \u2013 in business for more than 40 years<\/p>\n
Founder, sole owner and President of Crestron \u2013 George Feldstein (engineer)<\/p>\n
George Feldstein started his own company in 1969 out of a room above Crestkill Delicatessen, New Jersey, when he got fired from an engineering company and decided that he could not work for anyone else.\u00a0 At that point he had \u201cno money, four kids, a mortgage, and a Dodge Dart\u201d and the only equipment he had was his own tools (Ewalt, 2011).\u00a0 He started off by designing controllers for slide projectors and doing anything for money.\u00a0 The company really took off when he developed a \u201cwireless remote for commercial audiovisual systems. Then came audio switches, video projectors and lighting control panels.\u201d (Ewalt, 2011)\u00a0Now the company is worth at least one billion dollars, with an annual income of $500 million. The company believes in development of new technologies and uses 15% of its profits towards the production of new products (such as energy management devices).<\/p>\n
A majority of Crestron\u2019s clientele are luxury home owners, but Crestron\u2019s equipment can also be found in conference rooms at Microsoft, seven out of eight Ivy League schools, the penthouse at the Trump World Tower in New York, and the situation room at the Pentagon.\u00a0 Crestron manufactures electronic control systems such as automated light, sound, and temperature controls, fancy digital screens and speakers for conference rooms, and classroom projectors (Ewalt, 2011). Crestron have educational products which are mostly used for classroom automation that include the following: CaptureLive HD (can schedule, record, publish, and view lectures or presentations in high-definition), FreeSpeech (wireless microphone), MediaManager (selects, transmits, and controls audio\/video devices for classroom presentations), OnCue (directly connects to any projector), and IntelliClass (used for classroom presentations).\u00a0 Crestron is trying to provide solutions to improve classroom learning and safety and has started a program called A+ Program for Education.\u00a0 Clients in this partnership receive preferred pricing, extended warranties, and free training.<\/p>\n
To this day, George Feldstein owns 100% of Crestron and will not be selling it off anytime soon.\u00a0 It is a family affair, with his son, Dan, being the vice president of operations and his daughter, Wendy, director of engineering services.\u00a0 He also has four key executives and 57 offices in 45 countries around the world, but the main operations buildings are found in Bergen County, New Jersey.\u00a0 It consists of buildings for corporate management, manufacturing, training facilities, and a 100,000 square-foot research center.\u00a0 Crestron has many partnerships with such groups as Government Support Services, Home Builders, hospitality partners, interior designing, and Integrated Manufacturers programs.\u00a0 Crestron is also a member and participates in trade associations, business organizations, and affinity groups.\u00a0 A list of these organizations can be found on their website.<\/p>\n
I think that Crestron has worked as a company because of its founder, George Feldstein.\u00a0 He initially would do any job to get the company off the ground and then came up with ventures that were not typical products.\u00a0 He also targeted the right groups (such as luxury home owners) and then expanded to other organizations or businesses to buy their products.\u00a0 George Feldstein can still be seen going through the operations, manufacturing, and research centers, creating a presence within the company.\u00a0 He is still creating new technologies and promoting the production of new products.\u00a0 The one thing that I could not find on the Crestron website was information about his board and advisors.\u00a0 There was some mention of the use of engineers, programmers, architects, consultants, and designers, indicating the creation of jobs or affiliations with many people.\u00a0 The website was very organized and had lots to offer someone who visited the site.<\/p>\n
<\/p>\n
George Feldstein<\/p>\n
References:<\/span><\/p>\n <\/p>\n <\/p>\n","protected":false},"excerpt":{"rendered":" Crestron \u2013 in business for more than 40 years Founder, sole owner and President of Crestron \u2013 George Feldstein (engineer) George Feldstein started his own company in 1969 out of a room above Crestkill Delicatessen, New Jersey, when he got fired from an engineering company and decided that he could not work for anyone else.\u00a0 […]<\/p>\n","protected":false},"author":10062,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[493564],"tags":[],"class_list":["post-8183","post","type-post","status-publish","format-standard","hentry","category-week-04-entrepreneur-bootcamp"],"_links":{"self":[{"href":"https:\/\/blogs.ubc.ca\/etec522sept12\/wp-json\/wp\/v2\/posts\/8183","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/blogs.ubc.ca\/etec522sept12\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/blogs.ubc.ca\/etec522sept12\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/blogs.ubc.ca\/etec522sept12\/wp-json\/wp\/v2\/users\/10062"}],"replies":[{"embeddable":true,"href":"https:\/\/blogs.ubc.ca\/etec522sept12\/wp-json\/wp\/v2\/comments?post=8183"}],"version-history":[{"count":5,"href":"https:\/\/blogs.ubc.ca\/etec522sept12\/wp-json\/wp\/v2\/posts\/8183\/revisions"}],"predecessor-version":[{"id":8188,"href":"https:\/\/blogs.ubc.ca\/etec522sept12\/wp-json\/wp\/v2\/posts\/8183\/revisions\/8188"}],"wp:attachment":[{"href":"https:\/\/blogs.ubc.ca\/etec522sept12\/wp-json\/wp\/v2\/media?parent=8183"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blogs.ubc.ca\/etec522sept12\/wp-json\/wp\/v2\/categories?post=8183"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blogs.ubc.ca\/etec522sept12\/wp-json\/wp\/v2\/tags?post=8183"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}Crestron website: http:\/\/www.crestron.com\/about\/<\/a><\/pre>\n
Ewalt, D.M (2011). Crestron Electronics: A Made-In-America Success Story. <\/em>Forbes Magazine.\u00a0 Retrieved on\u00a0September 27, 2012 from:<\/pre>\n
http:\/\/www.forbes.com\/sites\/davidewalt\/2011\/11\/16\/crestron-electronics-george-feldstein-manufacturing\/<\/a><\/pre>\n