Upcoming Sessions
October 2017
Begins 09 Oct 2017
Fontainebleau
4.5 days
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€15,000* **
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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).
Participant profile
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.
Which Corporate Governance Programme is for you?
We offer a variety of Corporate Governance programmes designed to equip directors and board members with the insights needed to ensure high performance and value creation in the long and short term. View the comparison grid below to find out which Corporate Governance programme best matches your needs.
Centre of Excellence
and Related Articles
The Wendel International Centre for Family Enterprise
The Centre conducts research, provides education and acts as an international platform for knowledge exchange. It supports family firms in their endeavour to combine sustainable business growth and healthy family relationships. In response to the needs of family businesses around the globe, the Centre offers a range of educational programmes and events.
"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.."
2017 Achievement Awards in the Field of Family Enterprise
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.
Enduring firms transfer assets and knowledge effectively
How family assets such as name and members are managed matters for longevity.
How to integrate in-laws into the family business?
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.
Untangling the emotional knots in family business
Family businesses have long demonstrated that the close relationships, loyalty and commitment that bind families domestically can also account for their business success.
Losing the battle for Dow Jones
Enduring family businesses cannot rely on history; each new generation must remain active and committed if the firm is to stay relevant and strong.
Dangers of gun-based succession planning
Succession plans for family firms only work with the buy-in of all members.
