
Intro
Welcome Participants to the Course
About the Presenter's Credentials
Structure
Basic understanding of the complexities of running a family business
Help to focus on challenges/potential risks and take proactive steps
Learning Objectives
Understanding the essential intersection between Family and Business dynamics
Examining why Family Businesses have failed or continue to fail
Evaluate Strategies to overcome challenges
Lessons Learnt from selected global family business case studies
This lecture describes the personal experience of the Presenter on Family Business Dynamics.
This lecture covers;
Definition of Family Business
Key Characteristics
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Importance of Family Businesses to the Global Economy
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Continuation of the importance of Family Businesses to the Global Economy
Key Facts about Family Businesses around the world
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Key Aspects of Family Dynamics
Key Players in a Family Business
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Conflicting goals of Family and Business
Indirect contributions by Family members to the Business
Importance of embracing diversity, digitization and digitalization
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Factors influencing the choice of Family Business Structure
Advantages & Disadvantages of running a Family Business
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Family Ethos generally practiced
Importance of embracing ESG & DEI models
Potential Sustainable Investment Opportunistic areas
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Causes for Family Disputes & Conflicts
Other challenges usually associated with Family businesses
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Critical points to note for failure in Communication
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Critical success factors to overcome Communication challenges in Family Businesses
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Key reasons for unsuccessful succession planning
Important notes on succession planning
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Key points to consider under succession planning
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Key points to take on board in Governance aspects
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Continuation of Governance related Challenges
Key Strategies to consider in resolving current & emerging Challenges within Family Businesses
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Case Studies on Challenges faced by Global Family Businesses
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Continuation of Case Studies on Challenges faced by Global Family Businesses
Missed Opportunities
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Background of the model Case study
Key Expectations
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Solutions on Offer and Perceived Value
Unique Value Offering
Approach to Assignments
Key Assignments completed
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Key Take-aways
This crash course delves into the key challenges Family Businesses face in balancing family unity and ensuring the stability of the business. We will explore high-level strategies required to overcome challenges.
Learning Objectives
Understanding the essential intersection between Family and Business dynamics - Balancing Family Harmony and Business Stability are critical towards long-term success
Examining why Family Businesses have failed or continue to fail - Understanding 3 core issues that have contributed towards failures of Family Businesses
Evaluate Strategies to overcome challenges - Preventive actions required
Lessons Learnt from selected Global case studies - How some of the global family businesses have overcome different types of challenges and issues
Overall, this course aims to provide participants with a basic understanding of the complexities of running a family business and help proactively focus on challenges/potential risks. Case study assignment will test the participants knowledge gained from this short course and the way it is applied in real life scenario.
For Whom is this course for?
Small, Medium & Large Enterprise Family Business Owners, Leaders & Shareholders, Family members, Managers
Next-generation family members involved in the Business
Professionals advising or working with Family Owned Enterprises
Family Start-up Entrepreneurs or anyone aspiring to up-skill through basic & intermediary technical knowledge i.e. Academics, Consultants, Trainers, Students etc.