J.D. Power III

J.D. Power III
Born James David Power
(1931-05-30) May 30, 1931
Worcester, Massachusetts, U.S.
Occupation Business

J.D. Power III (born James David Power on May 30, 1931 in Worcester, Massachusetts[1]) is the founder of the marketing firm J.D. Power and Associates.

Early Life

He attended Saint Peter's High School.[1] Following graduation from College of the Holy Cross in 1953, Power served four years as a line officer aboard a Coast Guard icebreaker in the Arctic and Antarctic. During his service, he appeared briefly in a Disney documentary about icebreakers.[1] He subsequently earned an MBA from the Wharton School of the University of Pennsylvania in Finance. He joined Ford Motor Company as a financial analyst and later worked for Marplan as a marketing research consultant for General Motors Corporation’s Buick and GMC truck and coach divisions. Prior to launching J.D. Power and Associates in 1968, Power worked as a marketing research executive for J.I. Case Company, a construction and farm equipment manufacturer, and was director of corporate planning for McCulloch Corporation, a Los Angeles-based engine manufacturer.[2]

J.D. Power and Associates

Power began conducting customer satisfaction research on April 1, 1968 as founder of the marketing information firm J.D. Power and Associates. Initially, the "Associates" in the firm's title were his own wife and children.[1] In 1972, the company first drew national attention when Power's wife discovered a design flaw in certain Mazda automobiles, which was then publicized by the Wall Street Journal. In the following years, J. D. Power and Associates became well known for its automotive customer satisfaction rankings.[2] Power sold the company to McGraw-Hill in 2005 for an undisclosed amount of money. He also stepped down as chairman but remained active with strategic planning.[3]

Awards and Philanthropy

In 1992, Power was a recipient of the Automotive Hall of Fame’s Distinguished Service Citation, awarded each year to seven of the industry’s most accomplished leaders. In 2014, Power was inducted into the Automotive Hall of Fame.[4] He holds honorary doctorate degrees from College of the Holy Cross, California Lutheran University, California State University, Northridge, and Misericordia College.

In January 2018, the Power family gifted the College of the Holy Cross $3 million in support of the College’s Center for Liberal Arts in the World, to be renamed the J.D. Power Center for Liberal Arts in the World.[5] He also serves as an adjunct professor of marketing at California State University, Northridge. Power also frequently speaks to top management and boards of directors of companies worldwide.[6]

Personal Life

Power is the subject of Sarah Morgans and Bill Thorness' book, Power: How J.D. Power III Became the Auto Industry’s Adviser, Confessor, and Eyewitness to History.[7]

His family currently resides in Westlake Village, California.

References

  1. 1 2 3 4 Taryn Luna (January 12, 2014). "Seven Things You Need to Know about James David Power". Boston Globe. Retrieved April 10, 2018.
  2. 1 2 Al Lewis (December 18, 2013). "How J.D. Power made companies listen to the customer". Market Watch. Retrieved April 10, 2013.
  3. ↑ O'Dell, John (2005-03-08). "J.D. Power to Be Bought by McGraw-Hill". Los Angeles Times. ISSN 0458-3035. Retrieved 2018-05-15.
  4. ↑ "» J. David Power III | Automotive Hall of Fame". www.automotivehalloffame.org. Retrieved 2018-03-31.
  5. ↑ "Holy Cross Announces $3 Million Gift for J.D. Power Center for Liberal Arts in the World | College of the Holy Cross". news.holycross.edu. Retrieved 2018-03-31.
  6. ↑ "Archived copy" (PDF). Archived from the original (PDF) on 2007-09-27. Retrieved 2007-06-22.
  7. ↑ "How J.D. Power III Transformed the Auto Industry - Knowledge@Wharton". Knowledge@Wharton. Retrieved 2018-05-15.
This article is issued from Wikipedia. The text is licensed under Creative Commons - Attribution - Sharealike. Additional terms may apply for the media files.