{"id":942,"date":"2009-11-06T13:00:31","date_gmt":"2009-11-06T18:00:31","guid":{"rendered":"http:\/\/www.vanderbilt.edu\/magazines\/vanderbilt-business\/?p=942"},"modified":"2015-07-07T20:19:06","modified_gmt":"2015-07-07T20:19:06","slug":"cutting-edge","status":"publish","type":"post","link":"https:\/\/blogs.owen.vanderbilt.edu\/vanderbiltbusiness\/cutting-edge\/","title":{"rendered":"Cutting Edge"},"content":{"rendered":"<figure id=\"attachment_1123\" aria-describedby=\"caption-attachment-1123\" style=\"width: 600px\" class=\"wp-caption alignnone\"><a href=\"https:\/\/magazine.owen.vanderbilt.edu\/wp-content\/uploads\/sites\/15\/legacy\/2009\/11\/Peterson.jpg\" data-rel=\"lightbox-image-0\" data-rl_title=\"\" data-rl_caption=\"\"><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-1123\" title=\"\" src=\"https:\/\/magazine.owen.vanderbilt.edu\/wp-content\/uploads\/sites\/15\/legacy\/2009\/11\/Peterson.jpg\" alt=\"John Peterson Jr.\" width=\"600\" height=\"350\" \/><\/a><figcaption id=\"caption-attachment-1123\" class=\"wp-caption-text\">John Peterson Jr.<\/figcaption><\/figure>\n<p>Inserted form tools may not be a familiar concept to most, but the products they help manufacture are integral to our everyday lives. Inexpensive turned metal parts for everything from\u00a0spark plugs to bullets to bearings would not be possible were it not for the technology pioneered by Nashville businessman John Peterson Sr. in the 1950s. Today John Peterson Jr., BA\u201978, EMBA\u201982, carries on his father\u2019s legacy as President of Peterson Tool Company, the world\u2019s largest designer and manufacturer of inserted form tools.<\/p>\n<p>In the past, cutting blades for metal lathes, shapers and other equipment had to be sharpened by hand\u2014a time-consuming process that held up production. Peterson Tool, however, discovered a way to use electricity to machine accurate, repeatable blades that are easily removed and replaced by the manufacturer.<\/p>\n<p>\u201cEnvision a razor,\u201d Peterson says. \u201cWe sell you the holder, and then we sell you the repetitive parts\u2014the blades\u2014with free engineering in the box.\u201d<\/p>\n<p>Peterson admits that he may never have gone into the family business had his father not passed away unexpectedly in 1979. At the time John Jr. had some sales experience under his belt, but the thought of helping his newly widowed mother, Nancy, run Peterson Tool was daunting. So he enrolled in the then-new Executive MBA program at Owen.<\/p>\n<p>\u201cI learned more from the other students at Owen than anything else. They taught me some basic things that I was able to apply right away,\u201d he says.<\/p>\n<p>Over time Peterson has grown to love the business he is in. He is passionate about the innovation that goes into his products and cares deeply about the customer relationships that he has built over the years. More than anything else, though, he enjoys his employees.<\/p>\n<p>\u201cI love the people I work with,\u201d he says. \u201cI\u2019ve grown up with most of them. That\u2019s one thing you get to have in a family business.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Inserted form tools may not be a familiar concept to most, but the products they help manufacture are integral to our everyday lives. Inexpensive turned metal parts for everything from\u00a0spark plugs to bullets to bearings would not be possible were it not for the technology pioneered by Nashville businessman John Peterson Sr. in the 1950s. [&hellip;]<\/p>\n","protected":false},"author":341,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[22,66],"tags":[30],"class_list":["post-942","post","type-post","status-publish","format-standard","hentry","category-class-acts","category-departments","tag-fall2009"],"_links":{"self":[{"href":"https:\/\/blogs.owen.vanderbilt.edu\/vanderbiltbusiness\/wp-json\/wp\/v2\/posts\/942","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/blogs.owen.vanderbilt.edu\/vanderbiltbusiness\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/blogs.owen.vanderbilt.edu\/vanderbiltbusiness\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/blogs.owen.vanderbilt.edu\/vanderbiltbusiness\/wp-json\/wp\/v2\/users\/341"}],"replies":[{"embeddable":true,"href":"https:\/\/blogs.owen.vanderbilt.edu\/vanderbiltbusiness\/wp-json\/wp\/v2\/comments?post=942"}],"version-history":[{"count":1,"href":"https:\/\/blogs.owen.vanderbilt.edu\/vanderbiltbusiness\/wp-json\/wp\/v2\/posts\/942\/revisions"}],"predecessor-version":[{"id":8923,"href":"https:\/\/blogs.owen.vanderbilt.edu\/vanderbiltbusiness\/wp-json\/wp\/v2\/posts\/942\/revisions\/8923"}],"wp:attachment":[{"href":"https:\/\/blogs.owen.vanderbilt.edu\/vanderbiltbusiness\/wp-json\/wp\/v2\/media?parent=942"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blogs.owen.vanderbilt.edu\/vanderbiltbusiness\/wp-json\/wp\/v2\/categories?post=942"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blogs.owen.vanderbilt.edu\/vanderbiltbusiness\/wp-json\/wp\/v2\/tags?post=942"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}