Startup & Entrepreneurship

Due Diligence Masterclass

Live Online
View more

Startups Valuation and Fundraising

Live Online
View more

The Family Business Management

Singapore
View more

Policies & Procedure for Family Business

Live Online
View more

How to Grow Family Business

Live Online
View more

Building Strong Family Teams

Live Online
View more

Financial Management of Family Company

Live Online
View more

Leadership in Family Business

New York
View more

Building Strong Family Teams

Introduction

This practical training program is designed with:

  • 16 hours training 
  • 03 months one-on-one coaching

 

 

 

How you will benefit

By the end of the program, participants will be able to prepare for a new era of Co-Leadership

Who should attend

Families in Business: From Generation to Generation is intended for teams of business family members, such as:

  • A chief executive officer [or top family business leader(s)] and his or her spouse
  • Children of the business leader(s) and their spouses
  • Siblings and their spouses/partners
  • Cousins and their spouses/partners
These family members might be:
  • A manager or an employee
  • A board member
  • A shareholder
  • An interested relative, who may be an in-law

What you will cover

Module 1: Teamwork and Partnerships

  • The growing trend toward teams and partnership
  • Knowing when to change to a team-based organization
  • What families must realize about building a leadership team
  • Steps to creating a team atmosphere

Module 2: Sibling Teams

  • Tasks and pitfalls in a sibling partnership
  • First step: Establish a shared dream
  • Pros and cons of 50:50 sibling partnerships
  • Creating a level playing field for sibling co-leaders
  • Settling ownership between siblings who've drifted apart

Module 3: Cousin Teams

  • Building a working relationship among cousins
  • Nordstrom: Letting cousins take over
  • Best ways for selecting third generation leaders

Module 4: Husband-and-Wife Teams

  • Common threads of successful spouse teams
  • Beating the stresses of mom-and-pop partnerships
  • How five couples separate home, work, and responsibilities
  • Using assessment exercises to find the ideal role for each partner
  • Self-test for compatibility in running a business

Module 5: Building Executive Teams

  • Ten strategies that encourage co-leadership
  • How and when to form a team at the top
  • Teaming up with hired managers to spur growth
  • One model: Creation of an "office of the president"

Module 6: Employee Work Team

  • How to form, inspire, lead and support teams in the workplace
  • When not to form a team
  • Encouraging teamwork and rewarding team performance
  • Ways to recognize potential team players

Module 7: Bringing the Family Together

  • Understanding stages of ownership evolution
  • How to pull family stakeholders together
  • Giving inactive shareholders a voice
  • Non-stock ways to compensate family shareholders
  • Settling disputes...and neutralizing troublemakers
  • How partners from different families can build cooperation

Module 8: Transition to Team Leadership

  • Understanding transitions to sibling and cousin teams
  • Planning the changeover to co-leaders
  • Beating the special problems faced by co-successors
  • Teaching successors about teamwork
  • How partners from different families can choose successors

Module 9: Tools for Family Business Teams

  • Overcoming obstacles to good communications
  • Maintaining trust among all family members
  • Why leaders must build consensus
  • Resolving conflicts, getting around impasse
Study Time

This practical training program is designed with:

16 hours training - 2 days

Schedule

Live Online
3,500 $
15 May & 16 May 2024
Shanghai
3,500 $
06 Apr & 07 Apr 2025

Other courses

Due Diligence Masterclass

Live Online
View more

Startups Valuation and Fundraising

Live Online
View more

The Family Business Management

Live Online
View more

Policies & Procedure for Family Business

Live Online
View more

Conflict Resolution in Family Business

Live Online
View more

How to Grow Family Business

Live Online
View more