Beyond Succession Planning: Building a Family Strategy
Presented by Andrew Keyt
Andrew Keyt, Executive Director at the Loyola University Chicago Family Business Center, will discuss how moving from succession planning to a family strategy forges family and business cohesion. He will touch on the role of the family mission/vision, communication, governance, and family leadership in developing the family strategy. Additionally, he will comment on the Loyola Family Business Center’s programs the Family Business Stewardship Institute and the Next Generation Leadership Institute and their focus on educating owners for effective stewardship and developing business leaders to ensure successful transitions and continuity.
As Executive Director at the Loyola University Chicago Family Business Center, Keyt is dedicated to helping multigenerational family-owned businesses grow, transition and learn. The Center serves some of the largest family firms in the United States and Canada, with approximately 100 member family businesses ranging in size from $25 million to $8 billion in annual sales.
Andrew Keyt is an internationally known business strategist and succession planning expert for family owned businesses. He has established a reputation globally for his exceptional ability to accurately advise large family owned businesses on resolving family conflict and restoring communication. Keyt is also President and Founder of Keyt Consulting, a private firm that assists family enterprises with succession, family and business strategic planning, and dealing with family conflict and communication. Having been a member of his own family partnership and having served as manager in two family-owned firms, Keyt has firsthand experience with family business challenges.
Keyt is a contributing writer to several industry and national publications, and he is currently working on his first book, Myths & Mortals, to be published in 2014. His book is based on years of research and interviews with great second generation leaders like Christine Hefner, Bill Wrigley, Massimo Ferragamo and more.
Keyt is also the President of FBN North America, the North American Chapter of the Family Business Network International (FBN-I). FBN-I is a global network of over 3000 family businesses dedicated to the multigenerational success and sustainability of family firms. Keyt is an acclaimed keynote speaker on family business topics at conferences all around the world, and his family business insights have been featured in many publications. He is also active in civic affairs.