Waco Family Business Seminar Set for Aug. 27

Aug. 21, 1996

by Alan Hunt

Baylor University's Institute for Family Business will present a seminar on effective communication, the seventh program in its 1996 Waco Family Business Seminar Series, on Tuesday, Aug. 27, at the Harrington House Faculty Dining Center on South Eighth Street.

The seminar, "Planning for Effective Family Business Communication," will be held from 7:30-9 a.m. and will be led by Dr. Nancy Upton, founder of the Institute for Family Business and director of the John F. Baugh Center for Entrepreneurship in the Hankamer School of Business.

Upton holds the Ben Williams Chair in Entrepreneurship and teaches courses in Entrepreneurship and Family Business Management. She speaks to family business groups nationally and internationally and has authored numerous publications in the areas of family business transition and succession and entrepreneurship.

Bob Hughes, program director of the Institute for Family Business, said, "Dr. Upton will discuss steps for effective family business communication, including codes of conduct, mutual goal setting, business plans, family council advisory boards, and operating policies."

He said participants will be given questionnaires to help them focus on family values, growth, family participation, compensation, ownership and succession. Upton also will present a case study of a family business and the policies and procedures they have developed.

The 1996 Waco Family Business Seminar Series was planned by the Institute for Family Business specifically for family-owned firms in the Waco area. The Institute for Family Business is a nationally-recognized organization that provides educational programs for family-owned businesses throughout the state.

Hughes said the general theme of all the institute's programs is helping family-owned businesses achieve "healthy, sustainable growth."

For more information about the Aug. 27 seminar program (which includes a country breakfast), call Hughes at (817) 755-2265, extension 5.

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