Families in Business
Summary
Like every company, family businesses must strive for growth amidst fierce competition, an evolving marketplace, and demanding customers. But family businesses also face a unique set of challenges and opportunities. They require not only effective family governance, business operation, and wealth management, but also robust scaffolding to interconnect these operations. When the pieces fit together, family businesses can grow wealth, create jobs, and realize profound societal benefits.
In this personalized learning experience, you'll discover how to leverage the intrinsic strengths of your family business and implement practices that enable high performance, shareholder loyalty, healthy family relationships, and broad social impact.
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Summary
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Like every company, family businesses must strive for growth amidst fierce competition, an evolving marketplace, and demanding customers. But family businesses also face a unique set of challenges and opportunities. They require not only effective family governance, business operation, and wealth management, but also robust scaffolding to interconnect these operations. When the pieces fit together, family businesses can grow wealth, create jobs, and realize profound societal benefits.
In this personalized learning experience, you'll discover how to leverage the intrinsic strengths of your family business and implement practices that enable high performance, shareholder loyalty, healthy family relationships, and broad social impact.
DetailsCollapse All
Address the complex dynamics of a family businessAddress the complex dynamics of a family business
- Manage expectations for the family's involvement with the business
- Develop plans for onboarding the rising generation
- Resolve conflicts more effectively
- Structure ownership and distribute wealth optimally to benefit the family and the business
- Evaluate estate planning options
- Determine if a family office is right for your business and how to manage it
Establish a foundation for long-term business successEstablish a foundation for long-term business success
- Build on your business's strengths and minimize its vulnerabilities
- Formulate strategies for growing the company and strengthening competitive advantage
- Create a strong board of directors
- Develop succession plans and successfully navigate leadership transitions
- Discuss governance across all aspects of your family business
Expand your personal and professional networkExpand your personal and professional network
- Extend your network by living and working with accomplished executives from various backgrounds, industries, and countries around the globe
- Build relationships with a diverse group of peers who can provide wide-ranging insights into your business challenges and career decisions
Who Should Attend
Program for Leadership Development participants earn 5 PLDA Points on completion of this program.
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A chief executive officer or top family business leader and his or her spouse -
Children of the business leader(s) and their spouses -
Siblings, cousins, and their spouses/partners -
Family members who are managers, employees, board members, or shareholders in the business -
Nonfamily senior executives from the business -
Nonfamily senior executives from the family office -
Interested relatives, including in-laws
Program for Leadership Development participants earn 5 PLDA Points on completion of this program.
Learning and Living at HBS
When you participate in an Executive Education program on the HBS campus, you enter an immersive experience where every aspect of the learning model has been carefully designed to facilitate your growth. Your learning will take place on your own, in your living group, and in the larger classroom, driven by the renowned HBS case method.
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Learning and Living at HBS
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When you participate in an Executive Education program on the HBS campus, you enter an immersive experience where every aspect of the learning model has been carefully designed to facilitate your growth. Your learning will take place on your own, in your living group, and in the larger classroom, driven by the renowned HBS case method.
Admissions Criteria and Process
