ADDRESSING FAMILY FIRMS’ UNIQUE CHALLENGES
The three-day programme is designed to create a family business learning experience by helping participants explore new ideas and practice more effective behaviors. This session is taught in executive education format and introduces the latest thinking about family business ownership, governance and leadership and then applies new and more effective ways of communication and listening, planning for the family and business, and governing to support harmony and performance.
The goal is that you will develop new thinking and behaviors to strengthen your family and business leadership, communication and planning. The sessions are designed around the Parallel Planning Process (Carlock and Ward, 2015) designed to help business families plan and implement the transitions of leadership, governance and ownership to the next generation. It is a dynamic approach that integrates and aligns the business’ needs and the family’s expectations using five key planning variables: values, vision, strategy, investment and governance.
Who Can Attend
- Family members, those working and not working in the business
- Founders, successors and non-family CEOs
- Family and non-family board members of the family holding company
- Members of the family council
- Family and non-family directors from the business board
- Family shareholders and their children.
- 1 Develop a concrete action plan for career planning, talent development, family meetings, family agreements and governance.
- 2 Gain insights into the psychological dynamics of family leadership, business management, and family and business governance.
- 3 Learn to manage conflict, complex family structures, diverse personalities and difficult relationships.
- 4 Master a range of powerful family business tools, such as the Parallel Planning Process and Fair Process (both unique to INSEAD).
This programme qualifies for the INSEAD Certificate in Global Management.
All sessions take a distinctively international and interactive approach, reflecting the cosmopolitan make-up of the participants and leveraging their rich experience. Over four and a half days, you will cover the following topics using a wide variety of stimulating learning materials developed specifically for the programme at INSEAD. Most sessions are anchored in a real-life case study from a family business.
ADDRESSING THE FAMILY BUSINESS SYSTEM AND CHALLENGES
UNDERSTANDING AND STRENGTHENING FAMILY RELATIONSHIPS
ALIGNING FAMILY OWNERSHIP, BUSINESS STRATEGY AND GOVERNANCE
DEVELOPING NEW SKILLS TO IMPROVE FAMILY HARMONY AND BUSINESS PERFORMANCE
ACTION PLANNING, EXECUTION AND FOLLOW-UP
|DAY ONE||DAY TWO||DAY THREE|
|09.00 – 10.30
1. Your Leadership Journey
Exercise: Role Biography
|09.00 – 11.30
5. Family Relationships
|09.00 – 10.15
9. Building Family Teams
Case: Tragedy on Everest
|10.30 – 12.30
2. The World’s Oldest Family Business
Case: Houshi Hotel
|11.30 – 12.30
6. Communication and Listening Skills
|10.30 – 12.30
10. Business Governance
Case: HP A & C
Lecture: Governance Roles
|14.00 – 16.00
3. Leadership, Ownership, Governance
Case: Roger Levy & Ilapak
|14.00 – 15.30
7. Fair Process
Case: Paul Newman
|14.00 – 15.30
12. Family Business Investment
|16.00 – 18.00
4. Family Business Values, Vision, & Planning
|15.30 – 18.00
8. Family Governance
Exercise: Who Decides?
|15.30 – 17.30
Next Gen Family Business Roles
Table Top Meeting
Programme Closing Dinner
Graduation, Celebration & Good-byes
Rs. 3 Lakhs + GST
Dr. RANDEL S. CARLOCK
Dr. Randel S. Carlock is the Berghmans Lhoist Chaired Professor in Entrepreneurial Leadership and was the founding Director of the Wendel International Centre for Family Enterprise at INSEAD. He has MA and Executive MBA degrees and his PhD explored fast growing entrepreneurial organizations. Carlock certified in family and marriage therapy at the University of London’s Institute of Psychiatry (1998-99) and Strategic Family Therapy Training at the Mental Research Institute in Palo Alto (2015). He also completed the Art and Practice of Leadership Development (2011) at Harvard University Kennedy School of Government.
Professor Carlock is author or co-author of five books and is currently completing his latest book A Shoe Store on the Moon to be published in 2017. He created the Parallel Planning Process for family businesses with his co-author Professor John L. Ward. The concept and application is found in their books including When Family Businesses are Best: The Parallel Planning Process for Family Harmony and Business Success (translated in to Arabic, Chinese, Japanese and Spanish), one of the most read family business books in print, and Strategic Planning for the Family Business.