Waco Family Business Leadership Seminar Set for March 25

March 13, 1997

by Alan Hunt

Baylor University's Institute for Family Business will present a seminar on "Planning for Effective Family Business Communication," the second program in its 1997 Waco Family Business Seminar Series, on Tuesday, March 25, at the Harrington House Faculty Dining Center on South Eighth Street.

The seminar will run from 7:30-9 a.m. and will be led by Dr. Nancy Upton, director of Baylor's John F. Baugh Center for Entrepreneurship.

Bob Hughes, program director of the Institute for Family Business, said a number of steps will be discussed for effective business communication, including a code of conduct, mutual goal setting, executive team/strategic business plan, family council, advisory board and operating policies.

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

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

The 1997 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 aim of the Waco seminar series is to develop skills and strategies for a healthy family business. He said last year's seminar series helped hundreds of family business owners and managers in the Waco area.

For more information about the March 25 seminar program (which includes a country breakfast) call Doris Sandberg at (817) 755-2265, extension 5.

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