Thursday, 13 June 2013

Harvard B School's program to Maximise Strengths of Family Enterprise

HARVARD BUSINESS SCHOOL EXECUTIVE EDUCATION LAUNCHES PROGRAM TO MAXIMISE THE STRENGTHS OF A FAMILY ENTERPRISE


This new program will educate participants on how to formulate strategies for reaching common goals, addressing conflicts and planning their family’s future

Mumbai: 
Harvard Business School (HBS) will host an executive education program, Managing Family Businesses for Generational Success – India, from June 24 to 27, 2013 at the HBS classroom, Taj Lands End, Mumbai. This new leadership development program is created for family businesses operating in varied family, business and ownership stages from diverse industries. It offers proven tools that business families can use to address issues specific to their own situation in India and other markets, by aiding to create a customized plan for positioning the family and company for ongoing success.
“Family-owned companies face unique challenges in India's competitive business environment. The Managing Family Businesses for Generational Success – India program explores topics critical to family-owned companies in India such as succession, ownership control and shareholder relationships. The participants will learn to implement business practices that drive high performance, shareholder loyalty, and healthy family relationships”, John A. Davis, Senior Lecturer of Business Administration and faculty chair of Managing Family Businesses for Generational Success—India.
The program explores various avenues of a family enterprise such as designing strategies to help a family reach common goal, improve communication and relationships with family members, address conflicts and plans for future success. It will also present an opportunity for participants to maximize their strengths and minimize vulnerabilities of being a family business by exploring four key areas: dynamics of a family business system; growing, preserving and sharing of wealth; governance and succession.  
“At HBS, we help companies develop the skills they need to get different points of view on the table, sort them out, and negotiate as a family around these issues. When they know what to plan for, how to resolve differences, and how to structure the rules, policies, and decision-making apparatus, then they can keep their families engaged and excited about running the business,” said Deepak Malhotra, Eli Goldston Professor of Business Administration at Harvard Business School and faculty member of Managing Family Businesses for Generational Success—India.
As with all HBS Executive Education programs, the India portfolio will be taught by members of the school’s own full-time faculty using the HBS case method. Incorporating thought-provoking lectures, case studies on local and global organizations and small-group discussions, this program will bring about a dynamic learning environment that emphasizes participation with family teams of individuals representing both genders and two generations.

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