Begins 05 Oct 2020
Addressing family firms' unique challenges
Family-owned enterprises face special challenges. Who will lead the family and/or the firm into the next generation? How to disentangle personal and business relationships? Should long-term investment take precedence over short-term dividends?
Get the answers wrong and the results can be disastrous – for family and firm alike. Get them right and you will have a high-performance business and a happy, wealthy family.
The Family Enterprise Challenge is designed to help you address the universal issues as they apply to your own business and family. It combines rigorous learning – based on the latest research – with practical workshops. Over four and a half intensive days, teams of two to eight representatives from each participating firm learn from each other and INSEAD’s expert professors by sharing, reflecting and above all applying new behaviours. Strict confidentiality is maintained throughout the course.
How you benefit
- Develop a concrete action plan for career planning, talent development, family meetings, family agreements and governance.
- Gain insights into the psychological dynamics of family leadership, business management, and family and business governance.
- Learn to manage conflict, complex family structures, diverse personalities and difficult relationships.
- Master a range of powerful family business tools, such as the Parallel Planning Process and Fair Process (both unique to INSEAD).
We recommend that participants attend the programme in teams of at least two to eight members from the same family enterprise. This may include non-family managers or directors. The more team members you bring, the more perspectives and issues you will address – and the more you will all learn. You will also be able to implement changes more effectively and efficiently, when you return to work and home.
This programme qualifies for the INSEAD Certificate in Global Management.
Centre of Excellence
and related articles
Randel Carlock, programme director for The Family Enterprise Challenge, and Keng-Fun Loh, Managing Partner at Family and Business Learning, present their new book.
Le 11 - 14 mai 2020, le Centre Wendel pour l’Entreprise Familiale inaugure un cours de trois jours et demi dédié aux membres d’entreprises familiales. L’objectif de cette formation est de mettre en exergue la singularité de ces entreprises aux enjeux pluriels.
"We focus slightly on the business, but mostly on the family because that's the families greatest asset. Improving their relationships, how they share and deal with difficult conversations, and how they plan for their families future.."
The society is becoming less tolerant towards corporates with selfish and self-serving agendas. What does it take to re-humanise the corporations and what is the role of the board in this context?
The importance of family business longevity extends far beyond family owners. Accounting for 70 percent of global GDP and 60 percent of global employment, family firms are among the main drivers of growth and innovation in today’s economy.
The Family Firm Institute has announced the recipients of the 2017 Awards for Achievement. The Interdisciplinary Award has been awarded to Christine Blondel, co-programme director of The Family Enterprise Challenge.
How a family business manages its in-laws should be decided by its values. There is no template for succession planning in family businesses. How a family business owner hands over the reins to their child or children and how successful the transfer is depends on years of planning.
Family businesses have long demonstrated that the close relationships, loyalty and commitment that bind families domestically can also account for their business success.