Loyola University Chicago

Quinlan School of Business

Building High-Performance Family Businesses

Thursday, Oct. 3, 2013 • 8:30 am–4:00 pm
Hyatt Lodge at Hamburger University, Oak Brook, IL

Give your family business a strategic boost as you explore some of the most important facets of strategy, leadership, accountability, compensation, growth, and innovation. Check out the overview below for a more in-depth look at keynote speakers and breakout sessions; you can choose which you plan to attend ahead of time. Maximize this experience by inviting multiple family members to attend a variety of breakouts. This is one conference that’s not to be missed!

For more information and to register, email us or call 312.915.6490. 

GENERAL SESSION

Building a High-Performance Strategy


 ‌
 Mike Welch
 
 Instructor,
   Loyola University Chicago




 ‌  Andrew Keyt
   Executive Director,
   Loyola Family Business Center


Explore the importance of building a strong vision and strategy for your family business.  Learn to execute strategy with discipline and find out which strategic models are being used by some of today’s high performing businesses. Learn how  to connect your family strategy and business strategy

 Topics will include:

  • The latest thinking on strategy
  • The connection between family strategy and business strategy 
  • Roles of the board and family in strategy development
 

MORNING BREAKOUTS

Session 1: Communication between the Business and the Board


   
Richard Seaman (G2)
   CEO,
   Seaman Corporation 




 ‌  Andrew Keyt
   
Executive Director,
   Loyola Family Business Center


Discover the advantages of an independent board.  How can one benefit you, your family and your business?  Hear how Seaman Corp. created their own independent board without the business losing sight of its founding principles.    

 Topics will include:

  • Recruiting independent board members
  • The value of independent board members
  • Communication between family, business and board
  • Defining roles of board and family members 

Session 2: Leadership, Accountability, and Execution


 ‌  
Ray Neiswander (G3)
   
President,
   Raynor Worldwide

 

    Carol Wittmeyer
 
 Assistant Professor of Management,
   St. Bonaventure University

 


Performance is built on good strategy, but strategy fails without a well-planned execution. Hear how Raynor Worldwide holds both their board and management team accountable for executing strategy – one that is aligned with their shareholders’ goals and objectives.

 Topics will include:

  • Accountability
  • Communication between board and management
  • Creating measurables 

GENERAL SESSION

Corporate Culture


 ‌  
Robert Richman
   
Author of Culture Blueprint,
   Former Culture Strategist, Zappos.com

How can your family business create an amazing culture where people love to work while driving results? Whether you’re a business leader, manager or entrepreneur, discover how a workplace can help people grow, inspire service, and ultimately drive revenue. 

 Topics will include:

  • Culture: what it is, how it works and “the matrix” behind what really drives a company
  • How to initiate culture change
  • Three high-leverage tools that can be used immediately to create long-term change 

AFTERNOON BREAKOUTS

Session 3: Compensation and Incentives Systems


 ‌  
Ron Lucchesi (G3)
   
President,
   Gonnella Frozen Products

 


 ‌  
Dow Scott
   
Professor of Human Resources,
   Loyola University Chicago

 

Hear how the Gonnella family transformed their pay structure by shaking off old traditions and adopting a merit-based compensation strategy.

Topics will include: 

  • Transitioning to a fair family compensation structure
  • Aligning compensation policies with strategy for long term family growth
  • Equal pay, equal opportunity and policy exceptions
  • Motivating family members thru 401K retirement plans 

Session 4: Growth and Innovation


 ‌  
Gretchen Hoffer Farb (G3)
   
Director of Supply Chain Management,
   Hoffer Plastics Corporation


 
 ‌  
Charlotte Hoffer Canning (G3)
   
Director of Marketing,
   Hoffer Plastics Corporation



   
Alex Hoffer (G3)
   
Sales Manager,
   Hoffer Plastics Corporation

 


   
Amy Kyhos
   Lecturer,
   Loyola University Chicago

 

New ideas lead to big changes. Learn how the Hoffer family combined NowGen stability and NxG innovation to develop a brand new product – one that revolutionized the business, attracted new clientele and boosted their market share.  

Topics will include:

  • The pros and cons of investment, debt and new business development
  • The role family culture plays in critical business decision
  • NXG and NowGen: strengths, professional growth and working together  

GENERAL SESSION

Wrap Up:  Key Learnings & Action Steps

Revisit the day’s most important findings from the general  sessions and all breakouts. gain insights and personally commit to implementing three action items in the months ahead.