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 build bridges and mending fences
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: Understanding Conflict
- The concept of Yin and Yang in a family business
- The different points of view between generations (Baby boomer, Gen X, Y, Z)
- Conflict across cultures
Module 2: Structural Solutions
- How to stop squabbling over money and power
- Strategic planning without battle
- Building harmony into your ownership structure
- How family councils can minimize family conflict
- How to split the business to unify the family
Module 3: Succession Strife
- Three types of founders and the dark sides
- When parents and children clash
Module 4: Partnership and Rivalries
- Challenges of the sibling partnership
- Complexities of the cousin consortium
Module 5: Marital Matters
- Managing conflict in couple-owned businesses
- The in-law in the family firm
Module 6: Hot-button Issues
- Family squabbles in hard times
- The "keep or sell" debate