Rising Generation in the Family Enterprise
Summary
As a member of a family with a significant business legacy, you may feel both incredibly lucky and weighed down with responsibility. How can you best deploy your talents, capabilities, and resources? How should you think about the family legacy, the needs of future generations, and your responsibility to society?
This program focuses specifically on the choices facing the rising generation in the context of a successful family enterprise. Some members of the new generation will decide to pursue leadership roles in managing the family business or family wealth while others will find a different path, but all will benefit from a holistic exploration of their connection to the family enterprise. In a program that places all options on the table—and explores many of the topics that families avoid talking about—you will gain a new ability to carry the weight of generations with grace while taking full advantage of the unique opportunities presented to you.
DetailsCollapse All
Address the responsibilities that come with a business legacy and significant wealthAddress the responsibilities that come with a business legacy and significant wealth
- Analyze options and choose the right role for you in the family enterprise, while honoring and supporting others' choices
- Engage in difficult conversations with family members, including your elders, as you prepare for the future
- Manage tensions between the assumptions and methods of retiring and rising generations
- Formulate and implement new-generation solutions that are right for today's—and tomorrow's—business, stakeholders, and family
Take an entrepreneurial approach to new opportunitiesTake an entrepreneurial approach to new opportunities
- Balance opportunity and risk while changing the business portfolio or starting new ventures related to your family business
- Nurture an entrepreneurial mindset across generations
- Understand best practices for managing family wealth, from estate planning to ensuring equity across branches of the family
- Balance family control with professionalization and growth
- Incorporate civic and social responsibility into plans for the future
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
- Members of the rising generation of a family enterprise—including descendants and in-laws—who may or may not be currently involved in managing the family business, family office, or family foundation
- Particularly appropriate for: Executives raised in business families who are preparing for new leadership roles within their family business, family office for wealth management, or family foundation, or engaging in adjacent entrepreneurial activity
- Not appropriate for: Current, long-serving CEOs or CFOs of family businesses, family offices, or family foundations; consultants or executives in professional service firms
Program for Leadership Development participants earn 3 PLDA Points on completion of this program.
-
Who Should Attend
-
- Members of the rising generation of a family enterprise—including descendants and in-laws—who may or may not be currently involved in managing the family business, family office, or family foundation
- Particularly appropriate for: Executives raised in business families who are preparing for new leadership roles within their family business, family office for wealth management, or family foundation, or engaging in adjacent entrepreneurial activity
- Not appropriate for: Current, long-serving CEOs or CFOs of family businesses, family offices, or family foundations; consultants or executives in professional service firms
Program for Leadership Development participants earn 3 PLDA Points on completion of this program.
Dive Deeper into the ExperienceSee how exchange with faculty and peers yields new insights into critical business trends.Thrive in a learning environment that welcomes diverse ideas and perspectives.Global perspectives > Leadership growth > Organizational impact.
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.
-
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.
Admissions Criteria and Process
