The Family Business Management
Introduction
Family business management is vital for ensuring sustainability, growth, and harmony across generations. It balances business objectives with family values, fostering strong leadership, clear governance, and strategic planning. Effective management enhances decision-making, succession planning, and conflict resolution, ensuring smooth transitions between generations. It also promotes professionalization, helping the business remain competitive while maintaining its unique identity. Strong management builds trust among family members, employees, and stakeholders, driving long-term stability. Without proper management, family businesses risk internal disputes, inefficiencies, and leadership gaps, jeopardizing their legacy. Structured management ensures resilience, adaptability, and the continued success of the family enterprise.
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 dynamics and complexities of family businesses.
- Develop and implement effective family governance structures.
- Explore and address the challenges of family dynamics in the business context.
- Develop and implement effective succession planning strategies.
- Enhance leadership skills and build strong family relationships.
- Improve communication and collaboration among family members and stakeholders.
- Understand and address ethical considerations and social responsibility in family business.
- Develop strategies for preserving family wealth and ensuring the long-term sustainability of the family business.
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
- VMOSA = Vision + Mission + Objectives + Strategy + Actions
- Differences Between Generations (Baby boomer, Gen X, Y, Z)
- How Core Values work
- Employing Relatives
- Maintaining Family Harmony
- Conflict Resolutions
- Sibling Teams
- Improving Communication
- Family Councils
- Non-family Managers
- What to Pay Yourself, Family, and Non-family
- Decode from strategy to execution
- Raising Capital
- Valuation
- Reengineering
- Boards of Directors
- Selecting Consultants
- Twelve Tasks in Succession
- Ensuring Stability During Transition
- Mentoring the Next Generation
- Retiring
Schedule
