Family Business: Managing Growth and Transformation
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With 73% of India's top 500 businesses controlled by family interests, the importance of family businesses to the Indian economy cannot be overstated. However, there is a pressing need to enhance professionalism and train the next generation not only take over the reins but to both run and grow the business in a sustained, consistent way. To achieve this, family businesses poised for scale require a fundamental rethink of governance and organisational structure. Making tough decisions like hiring talent externally to fill key positions, bringing about cross-generational collaboration and instituting global best practices, while retaining core family values, this is no easy task.
Leave a legacy of far-sighted professionalism
Family businesses can often achieve scale very rapidly, leaving the business owners unprepared for the professional transformation that this entails. The Family Business: Managing Growth and Transformation programme has been designed to help prepare you for exactly this by exploring the challenges of rapid growth and help you redefine your business to match this new and exciting reality.
Challenges to scaling a family business
Review governance and structural change
Factor in innovation, digital thinking & market forces
Who should attend
Family business owners of multiple generations looking to take the business to the next growth phase. We encourage nomination of more members from the same family business/group to ensure greater learning experience. They often develop action agenda during the course of the programme.