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• Learn how to leverage family business dynamics and resolve conflicts between the generations
• Establish a strong family governance system
• Create a management succession plan
• Assess your current business model
• Develop a strategic action plan for sustained growth

Participants in the Family Business: Generational Challenges and Growth program will leave with:

• A better understanding of family business dynamics and relationships between generations
• The strategic frameworks for evaluating, managing, and growing the family business enterprise
• An enhanced knowledge of current business practices and tools
• Insight into the complex role of shareholder relations, governance, and managing succession
• The ability to analyze entrepreneurial opportunities within the family business
• A broader perspective of the issues and best practices through interaction with other famliy business owners and managers/executives in the program

• Family business owners
• Other family member stakeholders, and spouses
• Non-family managers, shareholders and advisors

This five-day program provides an opportunity to focus faculty attention and class discussion on the specific challenges you are facing in your own family business, through family business case studies, lectures on specific topics, and participant discussions. Program faculty members have been directly involved in their own family businesses for many years, and have firsthand knowledge of the intricacies and challenges they present. All specific family business discussions in this program are strictly confidential.

Successful Family Business' Practices

• The common factors that lead to success
• Leadership roles and support characteristics
• Traits of successful family businesses

Dynamics of the Family Business

• The first rule of a family business
• Family issues, competition and norms
• The family business matrix model

State of the Family Business

• Assessing the current business environment
• Evaluating the company
• Strategic business planning, competitive advantages, and future direction

Governance and Shareholder Relations

• Advisor and corporate family boards
• Rights, roles, and responsibilities of shareholders
• Family meetings, family councils, and board meetings

Family/Work Relationships

• Assessing family work relations
• Negotiating with the family--reducing conflicts
• Dealing with nepotism and non-performing family members

Second and Third Generation Issues

• Pros and cons of sibling relationships
• Power and control between different generations
• Next generation leadership--cousin consortium relations
• Performance evaluation of family members

Non-Family Management

• Selecting and evaluating the non-family CEO
• The role of the board in monitoring the CEO

Managing Succession

• When is it time to retire or not
• Career stages of the owner and next generation successor--creating a timetable

Selling and Possibility Financing a Family Business

• Financing transaction--managing capital and liquidity in the family business
• Selling or keeping a family business

Building the Next Generation

• Continuous learning and education--developing business ability
• The next generation leadership
• Career planning for family members

Strategic Planning and Action Plan for Growth and Prosperity

• A strategy for moving the company forward

The program fee includes tuition, books, instructional materials, and coffee breaks. Fee is payable in advance in US dollars and is subject to change. See our Cancellation, Transfer and Substitution Policy

Asia Pacific Regional Office
Suite 1606-07
MassMutual Tower
38 Gloucester Road, Wanchai, Hong Kong
Tel: 852.2509.9088
Fax: 852.2509.9228
Email: Executive Education, Hong Kong