Family Business Center
Preparing the Next Generation to Lead Your Family Business
Friday, September 27, 7:30 AM
Whether you have been preparing the next generation since childhood or you are just now thinking about succession, this session will help you identify effective ways to prepare the next generation of your family to serve as leaders in your business.
Local family businesses will talk about choices they made regarding education, mentorships and leadership development.
Ron Ward, RSW Management
RSW Management Inc. is in the business of investing in the future of companies, whether it is funding an entrepreneur's dream, investing and consulting with a company through a growth phase or helping a company through restructuring or distress. The foundation of the business is the Ward family.
Since 1953 the Ward family has been taking care of cabins, homes and property in Polk and Burnett Counties.
In the early 1950s, Richard and Mercedes Ward purchased their family resort, the first business which was to become the beginning of the family-owned and run entrepreneurial business now known as RSW Management. All along, family involvement has been the mission of the business.
Jim Anderson, Anderson Trucking Services
Anderson Trucking Service (ATS) is one of the largest transportation companies in the US. Founded by Harold Anderson in 1955, his entrepreneurial spirit and superior leadership helped create a trucking company that continues to thrive under the guidance of his family name to this day. One thing Harold Anderson instilled in each of his children was appreciation for the business from the bottom up. Each had to grow into their positions within the company.
In the highly competitive and always changing trucking industry, the Anderson family carries on the legacy that Harold began more than 50 years ago.
Ritch L. Sorenson, Ph.D.
Ritch Sorenson is a full professor and the Opus Endowed Chair in Family Business at the University of St. Thomas, and the academic director of the Family Business Center. Before beginning his academic career, he was a third generation owner in a bank. Before his tenure at St. Thomas, Sorenson was the Trinity Company Professor of Management at Texas Tech University, where he was recognized for excellence in teaching, served as area coordinator for management (department chair) and directed the centers for Entrepreneurship and Family Business, and for Communication. At Texas Tech University, he was an early pioneer in establishing a family business emphasis in management. Sorenson continues to build courses and education programs in family business at the University of St. Thomas.
A note to family business advisors: The breakfast series is restricted to members of family businesses.