FAMILY BUSINESS SERIES
HRDCorp No. 867123-P
- ASPIRING NEXT GENERATION LEADERS
- DESIGNING YOUR FAMILY BUSINESS FOR PERPETUITIY
- GOVERNANCE FOR FAMILY HARMONY AND BUSINESS CONTINUITY
- EMBRACING STEWARDSHIP IN FAMILY BUSINESS
- WEALTH PRESERVATION VS DISTRIBUTION IN FAMILY BUSINESS
EACH SERIES IS A 2-DAY WORKSHOP
FAMILY BUSINESS SERIES STANDARD MODULES
FAMILY BUSINESS MANAGEMENT SERIES (1):
ASPIRING NEXT GENERATION LEADERS
INTRODUCTION
This 2-day course is developed to give introductory facets and elements of recognising and embracing “Familiness” in creating competitive advantage for the family business.
OBJECTIVE
To develop next generation as effective managers, shareholders, and family members; To manage ownership and leadership transitions; To prepare the organization for future changes in management and ownership; To take charge and letting go of leadership responsibilities.
CONTENT
Leadership, Insight to business life cycle, Family (by generation),
Self (your role in the family business), Family business strategies,, “Familiness” to create a competitive advantage.
AUDIENCE
Founders (1st generation), 2nd generation (and others within the family),
Non-family management team within a family businesses; and/or banking, financial and investment institutions that advise family businesses and/or ultra high net worth clients (banking, wealth management and/or investment divisions)
METHODOLOGY
Lectures, Hands-on workshop, discussions with case studies, guest speakers
FAMILY BUSINESS MANAGEMENT SERIES (2):
DESIGNING YOUR FAMILY BUSINESS FOR PERPETUITY
INTRODUCTION
This 2-day course is developed to understand the dynamics of family business system. Family businesses will know how to balance the business perspective and the family perspective and adapting the practices of successful family companies and business families.
OBJECTIVE
To formulate effective strategies to reach common goals, address conflicts, and plan for a family’s
future, To develop practices that lead to high-performance companies, loyal shareholders, and
healthy families.
CONTENT
Organisational design issues: Formality, Authority, Autonomy.
Professionalization of the business: Optimising performance, Human capital and transgenerational
potential, Passing the baton to the next generation vs. professional managers.
AUDIENCE
Founders (1st generation), 2nd generation (and others within the family), Non-family management team within a family businesses;
and/or banking, financial and investment institutions that advise family businesses and/or ultra high net worth clients (banking, wealth management and/or investment divisions)
METHODOLOGY
Lectures, Hands-on workshop, discussions with case studies.
FAMILY BUSINESS MANAGEMENT SERIES (3):
GOVERNANCE FOR FAMILY HARMONY
AND BUSINESS CONTINUITY
INTRODUCTION
This 2-day course is designed for family businesses to develop governance system and policies that meet their business and family needs, and, build stronger family values.
OBJECTIVE
To create policies and plans for the family’s involvement with the business. To develop leaders in the family-business-ownership system.
CONTENT
Issues and challenges of business governance in a family business.
Business governance: Family and non-family, board of directors,
Family’s involvement with the business. Family governance: Roles and benefits & Family meetings Family councils, Family values
AUDIENCE
Founders (1st generation), 2nd generation (and others within the family), Non-family management team within a family businesses;
and/or banking, financial and investment institutions that advise family businesses and/or ultra high net worth clients (banking, wealth management and/or investment divisions.
METHODOLOGY
Lectures, Hands-on workshop, discussions with case studies
FAMILY BUSINESS MANAGEMENT SERIES (4):
EMBRACING STEWARDSHIP IN FAMILY BUSINESS
INTRODUCTION
This 2-day course will provide insights and skills in sustaining family businesses. Family generations need to develop a stewardship mindset; whereby the business develops a stewardship culture.
OBJECTIVE
To create policies and plans for the family’s involvement with the business. To develop leaders in the family-business-ownership system.
CONTENT
Individual context: Baton holding role, Stewards of the family vs the business, Family name and reputation, Family wealth and history; Benefits of stewardship in the Business context: Opportunities for growth, achievement, affiliation. Ethical behaviour. Reputational capital. Stewardship in Family Business context: Move from “The Family Business” to “The Family in Business” or “The Business Family”. Stewardship orientation vis-à-vis entrepreneurial.
AUDIENCE
Founders (1st generation), 2nd generation (and others within the family), Non-family management team within a family businesses;
and/or banking, financial and investment institutions that advise family businesses and/or ultra high net worth clients (banking, wealth management and/or investment divisions)
METHODOLOGY
Lectures, Hands-on workshop, discussions with case studies
FAMILY BUSINESS MANAGEMENT SERIES (5):
WEALTH PRESERVATION VS DISTRIBUTION
IN FAMILY BUSINESS
INTRODUCTION
This 2-day course will provide the understanding of wealth preservation vs. wealth distribution. It will also provide greater insights in growing the net worth of the business whilst maintaining family harmony and cohesion.
OBJECTIVE
To recognize the differences between and the reasons for preserving and distributing wealth in
the family business.
CONTENT
- Implementing strategies for growing the company, while maintaining family control
- Preserving & Distributing wealth and ownership to benefit the family and the business
- Raising children in wealthy business families
- Understanding wealth preservation & distribution within a family business
AUDIENCE
Founders (1st generation), 2nd generation (and others within the family), Non-family management team within a family businesses; and/or banking, financial and investment institutions that advise family businesses and/or ultra high net worth clients (banking, wealth management and/or investment divisions)
METHODOLOGY
Lectures, Hands-on workshop, discussions with case studies
Certificate in Family Business Advising
HRDCorp No. 867123-P
- CERTIFICATE IN FAMILY BUSINESS ADVISING (FOUNDATION)
- CERTIFICATE IN FAMILY BUSINESS ADVISING (INTERMEDIATE)
- CERTIFICATE IN FAMLY BUSINESS ADVISING ( ADVANCED)