Innovation is the key to success. That stands true for most major corporations, but it’s equally as important in smaller, family-owned businesses.
A family business may often come off as sleepy or dormant, with owners content with just keeping the doors open so that the next generation may one day take charge. But instead of being passive, a family business can be a learning opportunity; a way to motivate and educate future business owners in a growing, innovative environment.
On November 4th, Northern Trust will be hosting a brand new seminar in partnership with ACG National Capital titled “Igniting Innovation for Generations.” The event will feature expert panelists discussing various topics, such as:
- The importance of innovation in a family business.
- Intrapreneurship opportunities.
- Being creative with your business and keeping it alive.
- Thinking long-term.
Panelists will include John Honney, Senior Vice President of Business Owner Services at Northern Trust, and Barbara Spector, Editor-in-Chief at Family Business Magazine, and Chris Martens, a third generation Automobile dealer in Washington, D.C.
Prior to joining Northern Trust, John Honney ran his own advisory services practice, where he was responsible for leading private middle market companies through financings, transactions, among other corporate development activities. He advised companies in various industries, such as steel, automotive, branded products, business services and other manufacturing sectors.
Barbara Spector grew up in a family business, and has served on the editorial staff of Family Business since 2000. She has been editor-in-chief since 2004 and became associate publisher in 2011. She has also compiled and edited six volumes in the acclaimed Family Business Handbook Series. She was previously the managing editor of Jewelers’ Circular Keystone, a trade magazine for the jewelry industry, which is primarily composed of family businesses.
Chris Martens is a director in the 110 year old family business with his Mom and four siblings. He has been involved in consulting with Automobile Dealers since 1991 on financial management, organizational management issues, change management initiatives, and continues to assist his family with the Martens Auto Group, founded in 1911 as L.P. Steuart Company.
Michael Orfini, Senior Vice President at Northern Trust, will be moderating the event. The ACG editorial team previously spoke with Mr. Orfini prior to the “Wine as an Asset” seminar, where he provided some valuable insight.
For additional information about the event and to register, click HERE