Leadership in Family Business
Introduction
Leadership in family business is crucial for sustaining growth, maintaining harmony, and ensuring long-term success across generations. Strong leadership fosters a clear vision, strategic decision-making, and effective governance while balancing family values with business goals. It promotes innovation, professional management, and succession planning, reducing conflicts and ensuring stability. A capable leader builds trust among family members, employees, and stakeholders, driving resilience in a competitive market. Without strong leadership, family businesses risk internal disputes, lack of direction, and difficulty adapting to change, ultimately jeopardizing their legacy and continuity. Effective leadership is the foundation for sustainable family business success.
This training program is designed to include:
- 16 hours of training
- 03 months of one-on-one coaching
How you will benefit
- Understand the unique challenges and opportunities of leadership in a family business context.
- Develop a strong leadership presence and build trust and credibility within the family.
- Enhance communication, interpersonal, and influencing skills within the family and with external stakeholders.
- Learn to motivate and inspire family members to work towards shared goals.
- Develop and implement effective succession planning strategies that address leadership transition within the family.
- Build a strong and resilient family business culture.
- Address the emotional and psychological dimensions of family business 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
- What is new about leadership and what is old
- Four critical qualities people look for in their leaders
- Cultivating the next generation of leaders
- Realpolitik for the family business leader
- Building loyalty by encouraging participation
- Maintaining the leading edge
- Recharging the business for market leadership
- Creating a new future out of a crisis
- Organizing the family to achieve its goals
- Creating forums for discontented shareholders
- Strong support of leadership through family councils
- Resolving the inevitable conflicts
- The power of the Chief Emotional Officer
- A leader's toughest task -- firing a relative
- Why families don't empower leaders
- A step-by-step guide to succession planning
- Identifying characteristics of great leadership
- Articulating a code of conduct for young leaders
- Raising your daughter to be the next CEO
- Setting an example by listening to your children
- When your son or daughter is not cut out to be a leader
- The lure of a comfortable life can spoil successors
- Decision-making by consensus at Nordstrom
- Making the husband-wife partnership work
- Strategies to make siblings a strong leadership team
- Learning to lead the cousin consortium
- Hiring non-family to help grow the company
- Empowering the non-family CEO
- Motivating the top non-family managers
- Transforming the firm while preserving the family heritage
- Rediscovering the family farm as a model for change
- Steps leaders take to ease resistance to change
- How leaders reengineer the family firm
- Using a board to build your company
- Why leaders need the best available advice
- Good tips for choosing a consultant
- Leaders who boldly project the family into marketing
- How to build your company's reputation
Schedule
