Family Enterprise Day - Regenerating Success, Transition and Longevity in Family Firms
Family Enterprise Day - Regenerating Success, Transition and Longevity in Family Firms
Overview
2023 is looking to be another tumultuous year for global business as the world economic outlook remains gloomy in the fog of geopolitical tensions, rising inflation, and supply chain disruptions. Under such turbulent conditions, should family business owners themselves lead the charge or accelerate the next generation transition to empower their upcoming family leaders to spearhead new strategic innovations that could revitalise the family business and strengthen its resilience?
The process of transferring power, integrating the younger generation and renewal of the leadership remains a perennial issue for family enterprises. Yet, the long-term mindset and commitment to the legacy calls for enterprise owners to plan ahead of time in grooming talents within the family who can ultimately contribute to regenerating success and legacy.
Essentially, the next-generation leaders would often find themselves wrestling with the option of working for the family firm and finding their leadership path for the generations to come. There is also the challenge of finding the right balance between inspiring entrepreneurial orientation, portfolio diversification, building resilience through new ventures and partnerships while protecting the culture and values of the family that maintain the family legacy and business growth.
Join us at the INSEAD Singapore Campus for the Family Enterprise Day as we glean insights from academic experts, distinguished family enterprise guest speakers and MBA panelists to uncover some of the leading practices in empowering next generation in their transition into the family businesses today. Engage with us for a stimulating exchange on:
- Leading practices in planning for next generation transition
- Fostering sustainability and corporate venturing to build resilience in family firms
- Renewing leadership with next generation – challenges and pitfalls
- Leveraging next generation can be game changer in revitalizing traditional business
The event is opened exclusively for members of family businesses, INSEAD MBA/MIM students, FBN members, and member families of the Young Presidents Organization (YPO). Limited seats are allocated for third-party service providers to family enterprises who are invited by a member of a family business to ensure an atmosphere of trust and confidentiality applying Chatham house rule.
We welcome all registered participants to an inspiring half day conference of learning and exchange!
For any additional information, feel free to contact us directly at [email protected].
* Note: This conference is conducted fully on-campus. In the interest of confidentiality, the event will not be recorded.
Agenda
The agenda is tentative and subject to changes. Be sure to check it regularly for updates.
Please note that the timings reflected below are based on SGT.
Saturday, 4 February 2023 | |
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| 8:30 - 9:00 | Registration and Welcome Coffee & TeaVenue: Foot of Staircase near to INStore, Main Building (left side when you enter the main lobby) |
9:00 - 9:10 | Welcome and IntroductionMartin Roll, Distinguished Fellow, INSEAD Wendel International Centre for Family Enterprise, Entrepreneur-in-Residence, INSEAD Centre for Entrepreneurship, Business & Brand Strategist, Senior Advisor, Martin Roll Company Venue: Amphi 102, Main Building |
| 9:10 – 09:45 | Transitioning Family Business for Reinvention and LegacyMorten Bennedsen, Visiting Professor of Economics, The André and Rosalie Hoffmann Chaired Professor of Family Enterprise, Academic Director, INSEAD Wendel International Centre for Family Enterprise, Co-Director of the Hoffmann Research Fund |
| 09:45 – 10:20 | The Japanese Secrets to Family Firm LongevityYupana Wiwattanakantang, Associate Professor of Finance, NUS Business School, National University of Singapore |
| 10:20 – 10:40 | Coffee Break |
| 10:40 - 11:20 | Family Business Panel Discussion on "Leadership Renewal and Next-Generation Transitions"Panellists: Moderated by Martin Roll, Distinguished Fellow, INSEAD Wendel International Centre for Family Enterprise, Entrepreneur-in-Residence, INSEAD Centre for Entrepreneurship, Business & Brand Strategist, Senior Advisor, Martin Roll Company |
| 11:20 - 12:05 | Panel Discussion with Practitioners on "Fostering Sustainability and Corporate Venturing to Build Resilience in Family Firms"Panellists: Robin Pho, Board member of Family Business Network Asia (FBNA) Chen Yiwen, Acting Vice President of Family Businesses, Economic Development Board (EDB) Singapore Moderated by Marta Widz, Director, Family Office Research, Wealth Management Institute (WMI) and Executive in Residence, INSEAD Wendel International Centre for Family Enterprise |
| 12:05 - 12:30 | Lessons and Insights on Next-Generation Transitions in Family FirmsReflections and perspectives by INSEAD MBA students panel Moderated by Martin Roll, Distinguished Fellow, INSEAD Wendel International Centre for Family Enterprise, Entrepreneur-in-Residence, INSEAD Centre for Entrepreneurship, Business & Brand Strategist, Senior Advisor, Martin Roll Company |
| 12:30 - 12:40 | Key Takeaways and Closing RemarksMorten Bennedsen, Visiting Professor of Economics, The André and Rosalie Hoffmann Chaired Professor of Family Enterprise, Academic Director, INSEAD Wendel International Centre for Family Enterprise, Co-Director of the Hoffmann Research Fund |
| 12:40 - 13:45 | Group Photo Taking and LunchPhoto taking will be at the Residences Courtyard |
Speakers & Panellists
Academic Speakers
Visiting Professor of Economics at INSEAD
Yupana Wiwattanakantang
Associate Professor of Finance, NUS Business School, National University of Singapore
Guest Panellists
Mina Intanate
Chief Operating Officer and Member of the Executive Committee, Business Online Public Company Ltd. (BOL)
Sylvie Khau
Managing Director, L'Excellence Diamond
Robin Pho
Board member, Family Business Network Asia (FBNA)
Chen Yiwen
Acting Vice President of Family Businesses, Economic Development Board (EDB) Singapore
Panel Discussion Moderator
Marta Widz
Executive in Residence, INSEAD Wendel International Centre for Family Enterprise, Professor of Practice, SDA Bocconi School of Management, Affiliated Faculty at the Family Business Institute, University of Vermont Grossman School of Business
Host and Panel Discussion Moderator
Martin Roll MBA'99D
Distinguished Fellow, INSEAD Wendel International Centre for Family Enterprise Entrepreneur-in-Residence, INSEAD Centre for Entrepreneurship Business & Brand Strategist, Senior Advisor, Martin Roll Company
Fees
This event is made possible thanks to the families that financially supported our Centre. As part of an independent, non-profit school, we rely on philanthropic contributions from family businesses, friends and alumni to continue generating and sharing high quality research and insights on family business.
While we are not charging a fixed fee, we will be collecting nominal contribution from attendees. Please feel free to indicate the amount that you wish to contribute during the registration process.
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Free |
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Nomimal contribution applies (SGD 100, 150 or 200) |
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Nominal contribution applies (SGD 100, 150 or 200) |
Practical Information
Getting to INSEAD Asia Campus, Singapore
The INSEAD Campus is located at No. 1 Ayer Rajah Avenue, Singapore 138676.
Parking & Public Transportation
Should you wish to drive, there are 15 visitors parking lots available on campus. They are on first come first serve basis. Please inform the security that you are here for Family Enterprise Day. Alternatively, you may park at the carpark of the Fusionopolis One, which is located just adjacent to INSEAD. The parking rate is S$1.00 per entry for Saturday, Sunday & Public Holidays.
The nearest MRT station to the campus is the one-north MRT station (on the Circle Line). Walking distance is approximately 2 minutes from Exit A.
COVID-19 safety measures
The health and wellbeing of all attendees, as well as the broader INSEAD community, are important to us, and INSEAD follows Singapore government regulations with respect to Covid. For more information, please refer to the Singapore government regulations with respect to COVID for latest updates.
Dress code
The dress code is business casual for on-campus events.
Photos and videos
Please take note that group photo will be taken before lunch.
WIFI Access
Wireless internet is available on campus. Visitors are invited to join the WiFi named "INSEAD". The Wifi network will display a login page for you to enter your credentials (@insead.edu) or create a personal account (Guests, visitors with no @insead.edu account).
Accomodation
Should you require accommodation on-campus, please contact INSEAD Residences directly at [email protected] for room reservations. The rates per night is SGD240 + 8% GST, inclusive of breakfast (single occupancy only) and additional charge of SGD25.00 + 8% GST per night for 2nd pax, inclusive of breakfast.
All rooms are non-smoking type and equipped with a queen-sized bed. The cost of accommodation and incidentals are chargeable to the participants’ personal account and are to be settled upon departure from the INSEAD Residences. Payment via all major credit cards and cash are accepted.
Pre-reads
Feel free to access these resources which are useful reference related to the topics to be discussed during the Family Enterprise Day.
- "A Career in the Family Business: Duty or Choice?", INSEAD Knowledge article by Morten Bennedsen, INSEAD; Claire Harbour, Capies Ltd; and Antoine Tirard, NexTalent Consulting
- "Planning for Family Business Longevity in Three Steps", INSEAD Knowledge article by Morten Bennedsen and Brian Henry, INSEAD
Learn more
"When Succession Skips a Generation", INSEAD Knowledge article by Morten Bennedsen and Brian Henry, INSEAD
Learn more
- RGE-NTU SusTex Laboratory (Video)
Learn more
