As the forest products and building materials industry ramps up to meet the increase in construction demands, Independent Lumberyards face some challenges; consolidation, pressure to operate efficiently and finding new ways to attract and retain the best talent. LMC, a forest products and building material co-op serving over 360 independent lumberyards, has partnered with Wharton on a unique program to enhance the skills of leaders.
LMC: Advancing Business Acumen offers Independent Lumberyards a comprehensive management training program hosted by the world’s oldest U.S. business school. The program includes interactive lectures and faculty and peer dialogue on the newest core concepts of business, with the opportunity to apply these concepts in their own businesses. Participants will explore working across-organizational boundaries followed by a full day session on finance and negotiation. Additional sessions delve into operations, marketing and talent management strategy before Wharton brings it all together on the last day with material on leadership and change.
Wharton faculty apply their field-based research and the latest strategic insights to help participants learn what they need to know to be a strategic change agent for their organizations.
Session topics include:
- Leadership and Decision Making
- Building and Sustaining Competitive Advantage
- Managing People and Talent
- Branding, Marketing, Advertising Strategies, and Impact
- Creating Shareholder Value
- Managing Across Boundaries and Borders
Through highly interactive lectures, exercises, and case studies, both in the classroom and in smaller work groups, this deep dive into essentials of management will enable participants to build industry knowledge and business acumen and apply it to their day-to-day roles, positioning them for broader responsibilities.
Forest Products & Building Material Industry Case Study
A key part of the learning for the week, is when participants apply what they studied in the classroom to an industry related case developed by LMC stockholders and Wharton. Working together in team’s participants must formulate their recommendations for the case study. More importantly, on the final day each member of the group presents their group decision and then has the opportunity to listen and question others sharing different approaches. This last day is an important part of the learning process, enabling participants to apply the basic foundational topics such as finance, marketing and operations to a real-world scenario