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This program teaches the leaders of family-owned businesses how to manage future growth while overcoming the challenges and conflicts that threaten the legacy of their firms.
Content Overview
In an era of worldwide competition and consolidation, growing an independent business is an achievement in itself. Yet the leaders of family firms face an additional dimension of complexity in attaining this goal. If they desire to extend their legacy of success into future generations, these leaders must devise a strategic plan not only for driving business growth, but also for effectively managing the intricate and constantly evolving personal relationships that define their company – and their lives.
This program challenges the leaders of family firms to confront the often latent tensions underlying the inevitable decisions that lay ahead, whether they involve strategic direction, family control, outsider involvement, tradition vs. change, succession planning, or philanthropy. By taking part in an innovative curriculum that includes an intensive personal leadership project, participants learn to apply a higher level of strategic thinking to all of the obstacles that they must overcome in turning a currently successful family firm into a future global business champion.
During the four-month break between classroom modules, participants take part in a unique experience that challenges them to put their newly acquired knowledge into action. Based on their learnings during the first module, participants work with program faculty to design a structured leadership project to implement during the break. In addition to discussing status reports with program faculty, participants share their experiences and solicit feedback from fellow participants along the way, bridging the gap between classroom theory and practical application.
Key Takeaways
- Frameworks for managing growth, governance, and values in the family firm context
- Insights to address generational/motivational dynamics among family and non-family members
- Strategies for evaluating organizational vulnerabilities and increased outsider involvement
Programs, dates, fees, and faculty are subject to change.
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