Family Business- Finding A Sustainable Mix
September 16, 2013: 6:30 PM - 8:45 PM
Join us at the monthly meeting of the Entrepreneurial Roundtable in Naperville, as we hear from experts who have devoted most of their careers to family business.
City Gate Grill in Calamos Investments building
Meeting Room at Plaza Level below restaurant
2020 Calamos Court
Take I-88 to Route 59, go North on Route 59 and turn right at first street (Westings Drive). From Westings, take an immediate right onto Calamos Court. Parking garage is on right. Go to City Gate Grill. Meeting room is down the steps below City Gate Grill.
The recent royal baby watch notwithstanding, while the U.S. was a pathfinder in rejecting hereditary monarchy, a potential variant has been long and widely embraced – family firms here are estimated to range from 70% or more of all business enterprises. And that extends to the economy's pinnacle, with 35% of Fortune 500 companies being family controlled. So if a common theme of the American dream is being one's own boss, how does that get extended across time as a generational inheritance? Or is there validity to the old saying that "family and business do not mix"?
Join us to hear experts who have devoted most of their careers to family business, from a principal who started at his kitchen table to a counselor who has guided thousands of firms worldwide. If your personal experiences also include those blood ties that bind your related contributions to the discussion are most welcome. But in any case, our August audience will be posed to get insights on topics like:
• Sustaining ongoing engagement with the requisite executive talent for long term success
• Effective asset sharing and succession planning
• The dynamics of business vs. family systems and management vs. ownership
• Processes of communication and conflict resolution
$15 for Chicago Booth alumni, students and faculty before Sept. 11th. Price will increase to $20 after the 11th.
$20 for General Public. Price will increase to $25 after the 11th.
You can save $5 if you register by September 11.
6:30 PM-7:00 PM: Networking with Light Refreshments
7:00 PM-8:45 PM: Panelist presentations followed by Q&A
Rattan Khosa (Panelist) '79
President and CEO, Amsysco
Rattan Khosa, President and CEO of Amsysco who founded his firm in 1981, directs this manufacturer and supplier of post tensioning high strength steel cables and related services for high rise construction together with his son Neel (Corporate Treasurer and VP) and his wife Bharati (Corporate Secretary and Comptroller). A leader of his industry association the Post Tensioning Institute and recipient of its awards for excellence, he is also an educational philanthropist through his family foundation and on the Entrepreneurship Advisory Board for Chicago Booth. Khosa is a registered engineer and earned his BS in Science from the University of Khasmir, BS in Civil Engineering from the University of Rajasthan, MS in Structural Engineering from the University of Maryland, and MBA from the University of Chicago.
Drew Mendoza (Panelist) '79
Managing Principal, Family Business Consulting Group
Drew Mendoza, Managing Principal of the Family Business Consulting Group, has advised family firms worldwide on succession, strategic planning, compensation, taxation and governance issues for more than two decades. The co-author of Siblings and the Family Business, Drew is a national public speaker and columnist extensively quoted in print and electronic media. He founded the Loyola University Chicago Family Business Center, taught graduate level courses on family business and has served on the Family Firm Institute board. He earned his undergraduate degree cum laude at the State University of New York-Buffalo and graduate degree at the University of Chicago with post-graduate study at Harvard University.
Greg Gocek, '85