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 the Best of the New Management Wisdom
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: Leadership
- VMOSA = Vision + Mission + Objectives + Strategy + Actions
- Differences Between Generations (Baby boomer, Gen X, Y, Z)
Module 2: Business and Family
- How Core Values work
- Employing Relatives
- Maintaining Family Harmony
- Conflict Resolutions
- Sibling Teams
- Improving Communication
- Family Councils
- Non-family Managers
Module 3: Compensation
- What to Pay Yourself, Family, and Non-family
Module 4: Operation
- Decode from strategy to execution
- Raising Capital
- Valuation
- Reengineering
Module 5: Advisor and Consultant
- Boards of Directors
- Selecting Consultants
Module 6: Succession Plan
- Twelve Tasks in Succession
- Ensuring Stability During Transition
- Mentoring the Next Generation
- Retiring