Please note that we strive to keep our electives as up-to-date as possible, but the exact courses on offer are subject to change and different electives are offered at each of our campuses.
Family businesses are the predominant form of business in the world. In a business environment characterized by intense competition and complex dynamics, family-owned companies face unique challenges: How do we manage family and the business? How can we instill engaged ownership in the next generation? Who will lead the family and/or the firm into the next generation? Should we manage for the long-term and invest in business, or should we have a relaxed attitude towards distributing family wealth? During this course, you’ll develop understanding of fundamentals of managing a family business, and learn how to successfully implement governance practices that lead to a lasting family business.
Survival—not growth—is the focus for most family firms. Research often shows that less than one third of family businesses survive the transition from first to second generation ownership. A further 50% don’t survive the transition from second to third generation. A key cause of family business failure is the failure to adapt and change the business over time. This can be due to strong risk aversion and a lack of exploring new business opportunities. This course breaks such conventional thinking. It will focus on effectively strengthening the foundations of a family business and provide an understanding of how to implement a growth agenda in a family business. We will introduce you to practices and frameworks that will help you spot growth opportunities for your family business both at home and in international markets. You will also gain insights into how to lead and manage growth initiatives in your family business.
We all are told that innovation is a critical driver of competitiveness in most industries today, with breakthrough innovation mattering the most. Yet, when it comes to delivering breakthrough innovation, most family businesses tend to fall behind the competition. This course introduces participants to breakthrough thinking - the idea that individuals and teams within a family business can develop and deliver radically new approaches to enable super-charged growth. We will introduce you to the practices and frameworks that current and future family leaders can deploy to trigger breakthrough thinking in their family businesses.
Family businesses are the predominant form of enterprise around the world: the oldest form of business and major creators of new jobs in modern political economies. Learn to navigate the complex world of the family business while innovating and growing the company.