LMC and the leadership team of aspiring leaders collaborated with Wharton executive education to create this program with the objective of exposing LMC dealers to the newest core concepts of business, and then empowering them to apply these concepts in their own businesses. The curriculum was built to meet the unique needs of LMC dealers who are currently managing the business or will in the future.
“The course work was relevant to our industry; it was very interesting and thought provoking with lots of great people to engage with. It was great meeting LMC Dealers from across the county. Highly recommend it,” said Neal Fruman of National Lumber Company in Baltimore.
The program’s content is based on Wharton executive “Advancing Business Acumen” program. This is a method of interactive lectures, multiple case studies, simulations, self-assessments, along with faculty and peer dialogue. Adding to the experience, the group is provided with an industry related case study developed by LMC, veteran LMC dealers and Wharton. The case studies provided an avenue of learning using multiple decision making tactics and analysis related to the lumber and building material industry.
Each day LMC dealers worked together in different teams, giving each attendee the opportunity to meet and learn from fellow dealers across the country by working to solve real life problems and to improve financial acumen, strategic planning, organizational and collaborative behaviors, or learning how to integrate strategy and finance.
“LMC dealers are known to be leaders in industry. Now they have earned the title of taking education to whole new level. We are proud to create this opportunity for an MBA style course specifically for today’s leaders and future leaders in the LMC Dealer network,” said John Somerville, President of LMC.