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Executive Education
... Right arrow Harvard Business School Right arrow Executive Education Right arrow Programs for Individuals Right arrow Topic-Focused Programs Right arrow Rising Generation in the Family Enterprise Right arrow OverviewCurriculumTeaching Team
... Right arrow Harvard Business School Right arrow Executive Education Right arrow Programs for Individuals Right arrow Topic-Focused Programs Right arrow Rising Generation in the Family Enterprise Right arrow OverviewCurriculumTeaching Team
New Program

Rising Generation in the Family Enterprise

New Program
Rising Generation in the Family Enterprise
  • Upcoming Session
  • Previous (1 of 1) Next
    Status: Accepting Applications
  • Dates: 07–10 JUN 2023
  • Format: In-Person Learning takes place on the HBS campus or a designated location.
  • Location: HBS Campus
  • Fee: $12,000
  • The program fee covers tuition, books, case materials, accommodations, and most meals.
    Apply
    Download Brochure
    Apply
    Download Brochure
    Admissions Criteria and Process
HBS Cold Call Magnifying glass Inside a Case Study
Planning a Family-Owned Restaurant's Future
Faculty Cochair Christina Wing talks to the rising generation about the opportunity ahead.
Learn More
Apply
Download Brochure
Program Finder
Need Help? Contact Us:
Program Advising team
Email: executive_education@hbs.edu
HBS Cold Call Magnifying glass Inside a Case Study
Planning a Family-Owned Restaurant's Future
Faculty Cochair Christina Wing talks to the rising generation about the opportunity ahead.
Learn More
Download Brochure
Apply
Program Finder
Need Help? Contact Us:
Program Advising team
Email: executive_education@hbs.edu
Apply
Download Brochure
Program Finder
Need Help? Contact Us:
Program Advising team
Email: executive_education@hbs.edu
Apply
Download Brochure
Program Finder
Need Help? Contact Us:
Program Advising team
Email: executive_education@hbs.edu
	three female and five male participants walking across campus from a program session
Entrepreneurial & Family Program Comparison Chart
Compare programs at-a-glance to find what's right for you.
Learn More
Apply
Download Brochure
Program Finder
Need Help? Contact Us:
Program Advising team
Email: executive_education@hbs.edu
	three female and five male participants walking across campus from a program session
Entrepreneurial & Family Program Comparison Chart
Compare programs at-a-glance to find what's right for you.
Learn More
Download Brochure
Apply
Program Finder
Need Help? Contact Us:
Program Advising team
Email: executive_education@hbs.edu
  • Overview
  • Curriculum
  • Teaching Team
  • Overview Dropdown down
    • Overview
    • Curriculum
    • Teaching Team
Print

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.

Key Benefits
Rather than immersing you in the details of family business management or wealth management, this program engages you in a broad exploration of the rising generation's future. It focuses on the key challenges involved with taking over a family enterprise, along with the critical tensions facing you as a member of the rising generation. Away from your family and its embedded assumptions, you will gain a better understanding of your options and personal goals while discovering how others have navigated critical decisions. Learning alongside a select group of generational peers, you will crystallize priorities and develop a plan of action to guide the next phase of your life and career—and the next phase of the business.

DetailsExpand AllCollapse All

Address the responsibilities that come with a business legacy and significant wealthAddress the responsibilities that come with a business legacy and significant wealth
Dropdown down
  • 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
Dropdown down
  • 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
Dropdown down
  • 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

Key Benefits Dropdown up

Key Benefits Dropdown down

Rather than immersing you in the details of family business management or wealth management, this program engages you in a broad exploration of the rising generation's future. It focuses on the key challenges involved with taking over a family enterprise, along with the critical tensions facing you as a member of the rising generation. Away from your family and its embedded assumptions, you will gain a better understanding of your options and personal goals while discovering how others have navigated critical decisions. Learning alongside a select group of generational peers, you will crystallize priorities and develop a plan of action to guide the next phase of your life and career—and the next phase of the business.
Details

Address 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 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 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.

Dive Deeper into the Experience
Play video
Play video
Inside the ClassroomInside the Classroom
See how exchange with faculty and peers yields new insights into critical business trends.
Watch the VideoWatch the Video
Play video
Play video
We Celebrate New Ways of Thinking. Are You Ready?We Celebrate New Ways of Thinking. Are You Ready?
Thrive in a learning environment that welcomes diverse ideas and perspectives.
Watch the VideoWatch the Video
Play video
Play video
Discover more about business. And yourself.Discover more about business. And yourself.
Global perspectives > Leadership growth > Organizational impact.
Watch the VideoWatch the Video
Previous Next
Dropdown down Dropdown up

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 Experience
Play video
Play video
Inside the ClassroomInside the Classroom
See how exchange with faculty and peers yields new insights into critical business trends.
Watch the VideoWatch the Video
Play video
Play video
We Celebrate New Ways of Thinking. Are You Ready?We Celebrate New Ways of Thinking. Are You Ready?
Thrive in a learning environment that welcomes diverse ideas and perspectives.
Watch the VideoWatch the Video
Play video
Play video
Discover more about business. And yourself.Discover more about business. And yourself.
Global perspectives > Leadership growth > Organizational impact.
Watch the VideoWatch the Video
Previous Next

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.

Review Our Campus Health & Safety Protocols

Dropdown down Dropdown up

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.

Review Our Campus Health & Safety Protocols

Admissions Criteria and Process

We admit candidates to specific sessions on a rolling, space-available basis, and encourage you to apply as early as possible. Although most programs have no formal educational requirements, admission is a selective process based on your professional achievement and organizational responsibilities.
Read More
Dropdown down

Answering Your Questions

Our Program Advising team can help you at any stage of the admissions process—starting with identifying the program that best addresses your learning and development goals. Contact a program advisor via email or call 1.800.427.5577 (outside the U.S., call +1.617.495.6555).

Application Submission

We recommend that you apply at least four weeks before the program start date. You may use our online form or download an application. HBS maintains all application information in strict confidentiality. We acknowledge receipt of applications via email. In the unlikely event that you do not receive an acknowledgment, please email us at exed_admissions@hbs.edu or call us at +1.617.495.6226.

Application Review

To optimize the learning experience and maximize the exchange of ideas, our Admissions Committee makes selections that balance each participant's experience, scope of current responsibilities, and type of organization. HBS seeks candidates who reflect a broad range of industries, functions, countries, and backgrounds. We review applications monthly and will contact you via email with the Admissions Committee's decision.

Fee, Payment, and Cancellations

The program fee covers tuition, books, case materials, accommodations, and most meals. You will be invoiced upon admission to the program. Invoices are due within 30 days of receipt, or upon receipt if the program start date is less than 30 days from the invoice date. If you need to cancel or defer your participation, you must submit your request in writing more than 30 days before the start of the program to receive a full refund. Cancellation or deferral requests received 14 to 30 days prior to the start of the program are subject to a fee of one-half of the program fee. Requests received within 14 days are subject to full payment.

Admissions Criteria and Process Dropdown down

Admissions Criteria and Process Dropdown down

We admit candidates to specific sessions on a rolling, space-available basis, and encourage you to apply as early as possible. Although most programs have no formal educational requirements, admission is a selective process based on your professional achievement and organizational responsibilities.

Answering Your Questions

Our Program Advising team can help you at any stage of the admissions process—starting with identifying the program that best addresses your learning and development goals. Contact a program advisor via email or call 1.800.427.5577 (outside the U.S., call +1.617.495.6555).

Application Submission

We recommend that you apply at least four weeks before the program start date. You may use our online form or download an application. HBS maintains all application information in strict confidentiality. We acknowledge receipt of applications via email. In the unlikely event that you do not receive an acknowledgment, please email us at exed_admissions@hbs.edu or call us at +1.617.495.6226.

Application Review

To optimize the learning experience and maximize the exchange of ideas, our Admissions Committee makes selections that balance each participant's experience, scope of current responsibilities, and type of organization. HBS seeks candidates who reflect a broad range of industries, functions, countries, and backgrounds. We review applications monthly and will contact you via email with the Admissions Committee's decision.

Fee, Payment, and Cancellations

The program fee covers tuition, books, case materials, accommodations, and most meals. You will be invoiced upon admission to the program. Invoices are due within 30 days of receipt, or upon receipt if the program start date is less than 30 days from the invoice date. If you need to cancel or defer your participation, you must submit your request in writing more than 30 days before the start of the program to receive a full refund. Cancellation or deferral requests received 14 to 30 days prior to the start of the program are subject to a fee of one-half of the program fee. Requests received within 14 days are subject to full payment.

What You Will Learn

Through a rich learning experience that includes faculty presentations, dynamic classroom discussions, current cases, small group work, panels, and guest speakers, you will explore the challenges and opportunities you face as part of the rising generation in a family enterprise.

The curriculum will be tailored to the specific roles and experiences of participants. You will have a unique opportunity to explore challenges in a way that encompasses the entire family enterprise—family business and family wealth—while focusing on your own goals and perspectives as a member of the rising generation. Away from your own family, you will be able to explore subjects that are often difficult to discuss in family business settings, such as aspirations, salary, promotion, and succession.

Key TopicsExpand AllCollapse All

Family business fundamentalsFamily business fundamentals
Dropdown down
  • Exploring the family identity in the context of a family business
  • Understanding the dynamics of working in a family business
  • Analyzing roles of owner-operators versus owner-investors
Professionalizing the family businessProfessionalizing the family business
Dropdown down
  • Managing different generations' appetite for risk
  • Onboarding and offboarding within a family business
  • Evolving ownership and control over time and bringing in non-family talent
  • Serving as an ambassador for your family enterprise, whether or not you are directly involved in management
  • Applying governance best practices; determining the best structure and role for your board of directors
Creating and evolving the family officeCreating and evolving the family office
Dropdown down
  • Understanding the role of the family office and the family's relationship to it
  • Knowing how and why to set up a family office
  • Connecting with the family office
Managing the legacyManaging the legacy
Dropdown down
  • Preventing future problems in estate planning, succession planning, and managing transitions
  • Understanding, creating, and operating foundations
  • Evaluating your family enterprise in the context of civic and social responsibility and assessing opportunities for impact
  • Assessing pros and cons of selling the business
Choosing your pathChoosing your path
Dropdown down
  • Deciding whether to join the family business or the family office for wealth management—and in what capacity
  • Being an entrepreneur within your family
  • Leading change

Key Topics Dropdown up

Key Topics Dropdown down

Family business fundamentals

  • Exploring the family identity in the context of a family business
  • Understanding the dynamics of working in a family business
  • Analyzing roles of owner-operators versus owner-investors

Professionalizing the family business

  • Managing different generations' appetite for risk
  • Onboarding and offboarding within a family business
  • Evolving ownership and control over time and bringing in non-family talent
  • Serving as an ambassador for your family enterprise, whether or not you are directly involved in management
  • Applying governance best practices; determining the best structure and role for your board of directors

Creating and evolving the family office

  • Understanding the role of the family office and the family's relationship to it
  • Knowing how and why to set up a family office
  • Connecting with the family office

Managing the legacy

  • Preventing future problems in estate planning, succession planning, and managing transitions
  • Understanding, creating, and operating foundations
  • Evaluating your family enterprise in the context of civic and social responsibility and assessing opportunities for impact
  • Assessing pros and cons of selling the business

Choosing your path

  • Deciding whether to join the family business or the family office for wealth management—and in what capacity
  • Being an entrepreneur within your family
  • Leading change

The HBS Advantage

Our Executive Education programs are developed and taught by HBS faculty who are widely recognized as skilled educators, groundbreaking researchers, and award-winning authors. Through their board memberships, consulting, and field-based research, they address the complex challenges facing business leaders across the globe.

Faculty Cochairs
Lauren H. Cohen
Lauren H. Cohen
Lauren H. Cohen

Lauren H. Cohen

L.E. Simmons Professor of Business Administration

HBS Units:
Entrepreneurial Management
Finance

Read Full Bio

Christina R. Wing
Christina R. Wing
Christina R. Wing

Christina R. Wing

Senior Lecturer of Business Administration

HBS Unit:
Technology and Operations Management

Read Full Bio

Faculty
Edward B. Berk
Edward B. Berk
Edward B. Berk

Edward B. Berk

Senior Lecturer of Business Administration

HBS Unit:
Finance

Read Full Bio

Amy C. Edmondson
Amy C. Edmondson
Amy C. Edmondson

Amy C. Edmondson

Novartis Professor of Leadership and Management

HBS Unit:
Technology and Operations Management

Read Full Bio

Josh Lerner
Josh Lerner
Josh Lerner

Josh Lerner

Jacob H. Schiff Professor of Investment Banking

HBS Units:
Entrepreneurial Management
Finance

Read Full Bio

Nori Gerardo Lietz
Nori Gerardo Lietz
Nori Gerardo Lietz

Nori Gerardo Lietz

Senior Lecturer of Business Administration

HBS Units:
Entrepreneurial Management
Finance

Read Full Bio

Dropdown down Dropdown up

The HBS Advantage

Our Executive Education programs are developed and taught by HBS faculty who are widely recognized as skilled educators, groundbreaking researchers, and award-winning authors. Through their board memberships, consulting, and field-based research, they address the complex challenges facing business leaders across the globe.

Faculty Cochairs
Lauren H. Cohen
Lauren H. Cohen
Lauren H. Cohen

Lauren H. Cohen

L.E. Simmons Professor of Business Administration

HBS Units:
Entrepreneurial Management
Finance

Read Full Bio

Christina R. Wing
Christina R. Wing
Christina R. Wing

Christina R. Wing

Senior Lecturer of Business Administration

HBS Unit:
Technology and Operations Management

Read Full Bio

Faculty
Edward B. Berk
Edward B. Berk
Edward B. Berk

Edward B. Berk

Senior Lecturer of Business Administration

HBS Unit:
Finance

Read Full Bio

Amy C. Edmondson
Amy C. Edmondson
Amy C. Edmondson

Amy C. Edmondson

Novartis Professor of Leadership and Management

HBS Unit:
Technology and Operations Management

Read Full Bio

Josh Lerner
Josh Lerner
Josh Lerner

Josh Lerner

Jacob H. Schiff Professor of Investment Banking

HBS Units:
Entrepreneurial Management
Finance

Read Full Bio

Nori Gerardo Lietz
Nori Gerardo Lietz
Nori Gerardo Lietz

Nori Gerardo Lietz

Senior Lecturer of Business Administration

HBS Units:
Entrepreneurial Management
Finance

Read Full Bio

ApplyDownload Brochure
ApplyDownload Brochure
ApplyDownload Brochure
More Admissions Information
Program content, dates, schedule, fees, technology platforms, and faculty are subject to change. In accordance with Harvard University policy, Harvard Business School does not discriminate against any person on the basis of race, color, sex or sexual orientation, gender identity, religion, age, national or ethnic origin, political beliefs, veteran status, or disability in admission to, access to, treatment in, or employment in its programs and activities.
HBS Cold Call Magnifying glass Inside a Case Study
Planning a Family-Owned Restaurant's Future
Faculty Cochair Christina Wing talks to the rising generation about the opportunity ahead.
Learn More
Apply
Download Brochure
Program Finder
Need Help? Contact Us:
Program Advising team
Email: executive_education@hbs.edu
HBS Cold Call Magnifying glass Inside a Case Study
Planning a Family-Owned Restaurant's Future
Faculty Cochair Christina Wing talks to the rising generation about the opportunity ahead.
Learn More
Download Brochure
Apply
Program Finder
Need Help? Contact Us:
Program Advising team
Email: executive_education@hbs.edu
Apply
Download Brochure
Program Finder
Need Help? Contact Us:
Program Advising team
Email: executive_education@hbs.edu
Apply
Download Brochure
Program Finder
Need Help? Contact Us:
Program Advising team
Email: executive_education@hbs.edu
	three female and five male participants walking across campus from a program session
Entrepreneurial & Family Program Comparison Chart
Compare programs at-a-glance to find what's right for you.
Learn More
Apply
Download Brochure
Program Finder
Need Help? Contact Us:
Program Advising team
Email: executive_education@hbs.edu
	three female and five male participants walking across campus from a program session
Entrepreneurial & Family Program Comparison Chart
Compare programs at-a-glance to find what's right for you.
Learn More
Download Brochure
Apply
Program Finder
Need Help? Contact Us:
Program Advising team
Email: executive_education@hbs.edu
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