Leading and Transforming Family Businesses—China
Your Course of Study
Examining conditions at many levels—across the globe, in China, in your business, and in your family—the program expands your capacity to strengthen the foundations of your family business and to design effective growth strategies.
Taught in both Chinese and English with simultaneous translation, the intensive curriculum blends case studies, faculty lectures, field-based learning, and guest speakers to illuminate the opportunities facing your family business. While the program includes concepts, issues, and solutions drawn from businesses around the world, the curriculum is specifically designed to address the needs of family firms in Greater China.
Learning That Leads to Action
Although family businesses have a great deal in common, each business faces unique challenges that require tailored solutions. Working individually and with expert faculty and peers, you will identify the most important challenges facing your family business, begin to formulate strategies for overcoming those challenges, and create a practical action plan you can implement immediately.
Insights from Leading Universities Around the Globe
The program is taught in three one-week modules in three different locations. Each module emphasizes certain aspects of the family business challenge. Key program themes woven throughout the three modules build on one another to expand your understanding of best practices.
Module 1: Family Firms in China—Foundations of Family Business Success17–22 MAR 2017—Guanghua School of Management, Peking University (Beijing, China)
During the past three decades, many family firms have become vibrant elements of the Chinese economy. In this first module, you will explore the features of a typical family business, analyze the challenges that frequently arise, and begin to examine how successful family firms have addressed those issues. In the process, you will use insights from those explorations to assess your own company's strengths and weaknesses, consider plans for stabilization and growth, and refine and articulate aspirations for the future.
The Essentials of a Family Business—Globally and in China
- Examining core characteristics of any family business
- Addressing issues of family versus professional management
- Understanding how China's family firms are similar to and different from family firms elsewhere
Navigating Changing Political and Legal Environments in Today's China
- Understanding the evolution of the family enterprise in China
- Responding to China's new macroeconomic and political conditions
- Designing optimal strategies for growing a family business in the midst of a changing political and economic climate
Governance, Management, and Succession in Chinese Family Firms
- Developing constructive relationships and managing generational conflict
- Creating policies and plans for the family's involvement with the business
- Building effective governance and management structures for the business and the family
- Balancing the financial needs of the business and the family
- Preparing for the predictable stages of the family business system
- Managing leadership succession—an introduction
Module 2: Innovating Across Borders—Growing the Family Business in a Global Setting14–19 MAY 2017—Saïd Business School, University of Oxford (Oxford, U.K.)
Family firms in China are entering a new stage of maturity as local and global economies undergo rapid change. This module examines how businesses innovate across borders, both organizational and geographic. You'll explore how to increase success for your family firm by recognizing its intrinsic advantages and bolstering its capacity for innovation—within the firm and with partners—to build new market opportunities.
Navigating the Market and Nonmarket Environment
- Leveraging innovation opportunities and challenges for a family business
- Understanding how your business has been shaped by the geographies where you operate—and by your family
- Analyzing how the supporting institutional environment and ecosystem impact the resources of family firms
- Designing strategies that maximize the advantages of your home base while minimizing the weaknesses
- Serving existing markets versus building new market opportunities
Understanding and Innovating in Global Value Chains
- Capturing profits in global value chains
- Developing resources and organizational structures that foster competitive advantage
- Building and managing productive partnerships, including mergers and acquisitions
Organizing for Global Expansion
- Developing effective strategies for expanding globally
- Designing strategies for different markets—standardization versus adaptation
- Attracting and retaining talent
- Managing risk internationally
- Executing successful overseas acquisitions
Module 3: The Future—Transitioning the Family Business for Sustained Growth09–14 JUL 2017—Harvard Business School (Boston, U.S.)
This module ties together many of the program themes to help you solidify your family business's prospects for success. You'll explore how to strengthen your organization's leadership, structures, processes, and cultures; how to design effective growth strategies; and how to plan leadership succession and sustain growth through generational transitions. Building on the work you've done in Modules 1 and 2—reflection, analysis, and strategic thinking—you will leave Module 3 with an action plan to guide your company into the future.
Strengthening Leadership, Talent, and Organizational Structure
- Putting the right leadership and management team in place
- Designing structures and processes to sustain strong leadership over time
- Planning the education and training of rising generations
- Instilling the values of honesty and integrity in the corporate culture
- Building an organizational culture that fosters entrepreneurship and innovation
Choosing Your Best Strategy for Sustaining Growth
- Making strategic use of technologies
- Developing domestic and international branding with a global impact
- Choosing the right vehicles for growth, including diversification, mergers, and acquisitions
- Improving corporate governance and accountability
Planning for a Strong Future—From the Changing Global Economy to Leadership Succession
- Understanding China's role in the changing global economy
- Formulating sustainable growth strategies in a global context
- Designing an organization that can remain strong through generational transitions
- Planning and executing leadership succession
- Creating an action plan for strengthening your family business
Please note that attendance at all three modules is mandatory for successful completion of this program. Applications for a single module are not allowed.