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Harvard Business School

Families in Business

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Next dates

Oct 13—18
6 days
Boston, Massachusetts, USA
USD 47500
USD 7916 per day

Description

Like every company, family businesses must strive for growth amidst fierce competition, an evolving marketplace, and demanding customers. But family businesses also face a unique set of challenges and opportunities. In this personalized learning experience, you'll discover how to leverage the intrinsic strengths of your family business and to implement practices that drive high performance, shareholder loyalty, and healthy family relationships.

Key Benefits

In this family business management program, you'll learn how to establish more effective business policies, communication practices and family business structures. Collaborating with family members and colleagues to build an action plan for your business, you'll shape your family's future and prepare to lead your business through each stage of growth.

Details

Address the complex dynamics of a family business

  • Establish a family office separate from the operating business
  • Manage expectations for the family's involvement with the business
  • Find better ways to reach common goals and address conflicts
  • Structure ownership and distribute wealth optimally to benefit the family and the business

Establish a foundation for long-term business success

  • Build on your business's strengths and minimize its vulnerabilities
  • Formulate strategies for growing the company and strengthening competitive advantage
  • Create a strong board of directors
  • Develop succession plans and successfully navigate leadership transitions

Expand your personal and professional network

  • Extend your network by living and working with accomplished executives from various backgrounds, industries, and countries around the globe
  • Build relationships with a diverse group of peers who can provide wide-ranging insights into your business challenges and career decisions

What You Will Learn

Featuring lectures, case studies, guest speakers, and dynamic interactions, this program draws on faculty members' family business research and consulting work with family companies around the world. You and other family business teams from around the world will discover strategies and best practices that will enable you to meet today's business objectives while planning for the future.

During this family business management program, you will work privately within your own team to create a customized plan that positions your company for ongoing success. A professional family business facilitator will help your team identify your particular challenges and goals and create a practical action plan you can implement immediately. With focused time away from day-to-day concerns, you will be able to share ideas, strengthen relationships, and work together to align and pursue your objectives.

Who should attend

Family business teams of four or more individuals that reflect multiple generations, both genders, and executives from the family office for wealth management .

  • A chief executive officer or top family business leader and his or her spouse
  • Children of the business leader(s) and their spouses
  • Siblings, cousins, and their spouses/partners
  • Family members who are managers, employees, board members, or shareholders in the business
  • Nonfamily senior executives from the business
  • Nonfamily senior executives from the family office
  • Interested relatives, including in-laws

Experts

Mihir A. Desai is the Mizuho Financial Group Professor of Finance at Harvard Business School and a Professor of Law at Harvard Law School. He received his Ph.D. in political economy from Harvard University; his MBA as a Baker Scholar from Harvard Business School; and a bachelor's degree in histor...
Deepak Malhotra is the Eli Goldston Professor of Business Administration at the Harvard Business School. His teaching, research and advisory work is focused on negotiation, deal-making and conflict resolution. Deepak has won numerous awards for his teaching, including the HBS Faculty Award and th...
David Ager is Senior Fellow within Executive Education at Harvard Business School. Professor Ager''s research focuses on the leadership and organizational challenges that firms face as they conduct post-acquisition integration.  He recently published a paper entitled "The Emotional Impact and Beh...

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