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Boise Cascade Holdings

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Boise Cascade Holdings, L.L.C
Tiffany Phifer
BUS/475
June 1, 2015
Bruce Voris

Boise Cascade Holdings, L.L.C
Innovation is vital in most if not all businesses. Innovation brings a sense of new and critical ideas to the table that will businesses thrive towards the future. Without innovative ideas business would not succeed in the world we live in today. Although every business has a different structure with different goals in mind, innovative ideas are the key to each business productivity and success. In explaining the importance of a innovative business vision, mission, values, and determining a business model for Boise Cascade Holdings, L.L.C. this will help the company to succeed in their future endeavors.
Innovation
Most good company’s know the importance of innovation; therefore, let’s look at an overview of innovation in business to really breakdown the structure and its components. According to “Queensland Government” (2015), “There are several reasons why the generation of new ideas can be critical to your business’s success. Although every organization will have its own priorities and sector-specific issues to balance, businesses that fail to innovate run the risk of losing ground to competitors, losing key staff, or simply operation inefficiently. Innovation can be a key differentiator between market leaders and their rivals” (Why business innovation is important). Innovation is a key part of an organizations business and its plan to succeed. According to “Queensland Government” (2015), “Innovation can help you discover what opportunities exist now, or are likely to emerge in the future. Successful businesses not only respond to their current customer or organizational needs, but often anticipate future trends and develop an idea, product or service that allows them to meet this future demand rapidly and effectively. Innovation will help you stay ahead of your competition as markets, technologies or trends shift. You should include innovation as a key part of your overall business plan” (Why business innovation is important).
Boise Cascade Company
Boise Cascade Company is a great example of a prosperous and innovative company. Boise is a company that takes pride in what they do; therefore, ensuring an end results to maintain a loyal consumer relationship. The “About Boise Cascade” (2015) website suggests Boise has a great track record for providing exceptional services for customers and their businesses. According to “About Boise Cascade” (2015), “Boise Cascade Wood Products Manufacturing provides quality products and services to wholesalers, retail dealers and builders to meet the construction needs of end users. We manufacture engineered wood products, plywood, lumber and particleboard. We are leaders in our industry; our focus is on growth and innovative to give our customers the highest quality products and service with a competitive edge” (Manufacturing).
New Service for Boise
With a new service on the horizon for Boise, it’s sure to provide great incentive for future endeavors of Boise. According to “About Boise Cascade” (2015), “Boise, Idaho – Boise Cascade Company (Boise Cascade or the Company)(NYSE:BCC) announced today that its Board of Directors (Board) has approved a share repurchase program, as well as the Company’s 2015 capital spending plan. The Board authorized a common stock repurchase program which allows the Company to purchase up to two million shares of its common stock, on a opportunistic basis, through open market purchases, privately negotiated transactions, or accelerated share repurchase transactions. The Company’s 2015 capital spending is expected to be between $85 and $95 million, up from the $61 million spent in 2014. The capital program, which is designed to accelerate the Company’s organic growth and provide operating cost reductions over the next two years, include specific approval to replace two veneer dryers at its Florien, Louisiana plywood plant with a new, larger dryer expected to come on line in mide-2016” (Boise Cascade Company Announces Share Repurchase Program and 2015 Capital Spending Plan).
Forward-Looking Statements
According to “About Boise Cascade” (2015), “Boise Cascade is one of the largest producers of plywood and engineered wood products in North America and a leading U.S. wholesale distributor of building products. This news release contains statements that are “forward looking” within the Private Securities Litigations Reform Act of 1995. These statements speak only as of the date of this press release. While they are based on the current expectations and beliefs of management, they are subject to a number of uncertainties and assumptions that could cause actual results to differ from the expectations expressed in this release” (Forward-Looking Statements).
Consumer Needs
This new program ensures better product for customers. With lower costs and better equipment Boise is sure to provide 100% for their customers. Anything the company can do to better itself will automatically have a positive impact on the consumer. In business there will always be ups and downs but with new innovative ideas on the horizon for Boise hopefully the good will outweighs the bad. With operating cost low and organic growth hopefully Boise will draw in more loyal consumers which will in turn increase productivity and prosperity. In business customers must come first so almost every decision made in business should benefit the consumer.
Social Responsibility
Every company has a social responsibility. At Boise they are committed in their social responsibility in ensuring their customers and employees are well taken care of. Social responsibility falls under many categories such as culture and ethics, indirectly. According to “Business News Daily” (2015), “Corporate social responsibility (CSR) refers to a business practice that involves participating in initiatives that benefit society” (What is Corporate Social Responsibility). Also according to “Business News Daily” (2015), “Sustainability isn’t just important for people and the planet, but also is vital for business success” (What is Corporate Social Responsibility).
At Boise they have a clear view of their sustainability commitment. According to “About Boise Cascade” (2015), “Dear fellow employees: Boise Cascade Company’s commitment to sustainable forestry means we will continually achieve certification to the Sustainable Forestry Initiative (SFI), the Programme for Endorsement of Forest Certification (PEFC), and at select locations the Forest Stewardship Council (FSC) Chain of Custody, Due Diligence System Standards, and Trademark Use Rules, as well as comply with U.S. environmental, social, and health and safety laws and regulations, including those related to worker’s rights. Annually, we undergo independent third-party audits to test our ongoing compliance to each of the certification programs and our own policies and procedures. We also employ a formal management review process to evaluate the effectiveness of our programs and utilize the results to make improvements to our support systems. Thank you for your dedication to this important corporate responsibility. Your support will help ensure that we maintain compliance with the standards to meet customer experience related to our products and environmental performance” (Sustainability Policies).
In Conclusion
Boise is a strong company to work for. They are truly growing with the market, proving them to be tough competitors.According to “About Boise Casacade” (2015), “Boise Cascade has proven track record of providing quality wood products and a nationwide building materials distribution network for our customers, helping them to enhance their own businesses. Boise Cascade manufactures engineered wood product, plywood, lumber, and particleboard and distributes a broad line of building material, including wood products manufactured by the company’s wood products division. Bosie Cascade is a public company traded on the New York Stock Exchange under the symbol BCC and headquartered in Boise, Idaho. In this evaluation of Boise Cascade Holdings, L.L.C. we were able to define and point out innovation within the company. We also reviewed a new service/product Boise has innovated to better the company and its customers. We described how this new division addresses customer’s needs and how this service will achieve a competitive advantage over other companies. We can clearly see that this company is continuing on a path of success with its innovative ideas and strong customer/employee based motto. We also reviewed how Boise has a strong social responsibility and sustainability commitment to its customers and employees. This company has a good business plan in place and if it continues on the innovative path that it’s on, Boise’s future will be bright with much success in its future.

References
About Boise Cascade. (2015). Retrieved from https://www.bc.com/about/
Business News Daily. (2015). Retrieved from http://www.businessnewsdaily.com/4679-corporate-social-responsibility.html
Queensland Government. (2015). Retrieved from https://business.gld.gov.au/business/business-improvement/becoming-innovative- business/why-business-innovative-important

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