Strategic Planning Workshop - Utilizing Blue Ocean Strategy (members only)
Thurs., September 29, 2011
8:00 – 10:00 AM
Featuring Dr. Paul Lamore, King’s College Associate Professor of Business Administration
Sheehy Farmer Campus Center, King’s College
Blue Ocean Strategy is compelling because it is a straightforward and practical process, not a theory. It is a guide for you and your company as you think and plan strategically for the future. Blue Ocean Strategy offers a process to uncover the uncontested market space that is ripe for growth, and stop fighting head-to-head over a shrinking profit pool.
Featuring Amy Schuman, Family Business Consultants
Sheehy Farmer Campus Center, King’s College
Families can become very adept at solving problems—but what about the frequently occurring “unsolvable problems”? For example, should families put the needs of the business first or the needs of the family first? Should families invest or harvest? Wise family businesses recognize that choosing one option to the exclusion of the other is always a bad idea, and they develop effective approaches for balancing these naturally occurring tensions. At this session, participants will learn to use a powerful and practical tool – a polarity map, which will increase their abilities to manage seemingly unsolvable problems, becoming more effective managers, family members and stewards of the family enterprise.
Ross will discuss how his family‘s “brand” (which is different than corporate branding) influences and sets his company apart; how it influenced their employee centered culture, and benefits the bottom line. Ross will also discuss how they grew their company from bi-coastal to an national and then an international concern exporting to over 48 countries.
The Family Business Forum at King's College recognizes the unique joys and challenges associated with operating and sustaining a successful family enterprise in northeastern Pennsylvania. Family-owned businesses are fundamentally important to the U.S. and regional economy. In fact, 92% of all US businesses are family-owned. However, the challenges can be overwhelming. Consider the following:
30% of all family-owned businesses will survive into the second generation. Only 12% will succeed to the third generation, with 3% continuing into the fourth generation and beyond.
81% of business owners want their business to stay in the family, yet 25% have not completed an estate plan and 20% are not confident of the next generation's commitment to the business.
The Mission of the FBF:
To provide a learning and networking forum for family businesses, program sponsors, and the students and faculty of King's College, which enhances the family business community in Northeastern Pennsylvania.
