Family Business Program for Next Generation

Family Business Program for Next Generation (Dual Certification by EDII and Human Endeavour)

Modules offered
  • Module 1: Opportunities and Challenges in Family Business.
  • Module 2: Entrepreneurship in Family business
  • Module 3: Growing the Family Business
  • Module 4: Leadership and Management in Family Business
  • Module 5: Governance in Family Business
  • Module 6: Family Business in the global environment

Overview

Family Business Program for Next Generation

Fees : Rs. 50,000/-

Batch Size : 36

Course Level : Advance/ short course

Duration : 6 months

Social Info

To know more contact the Course Coordinator:

Dr Krishnan N
Family Business Advisor
Human Endeavour
Contact no. 9686355552
Email address: krisksai@gmail.com

Method of Instruction

The course will be offered in blended format to promote active, self-directed learning by providing learners with an effective combination of in-class teaching and online learning.

Course Eligibility

Applicant must have basic degree in Management.

Methodology

Course will have class room discussion, frameworks and tools, workshop exercises, facilitated with reading materials. For brainstorming in-between modules will be introduced in the form of assignments, discussion forums, experience sharing along with coaching and mentoring.

Target Group

While the course focuses primarily on next-generation successors, it also provides elders with an opportunity to explore their own experiences in order to help sustain healthy family business relationships, especially during transition periods from one generation to the next.

Course Details

Module 1: Opportunities and Challenges in Family Business

No of Days

3

   

Objective of the Module

Understanding Dynamics in Family Business, Rights & Responsibilities and Barriers & Boundaries

   

Course Coverage

Family Businesses in India

Influence of family values and culture on business and vice versa

Strategic value of relationships

Dichotomy of Socialism vs Capitalism

What are the challenges ?

What makes them succeed?

Building Responsible Ownership

Building Trust Across Generations

Working with family members, employees, siblings, cousins, family members who are not in the business, non- family people in the business and to bring about change

   

Methodology

Family Business Case Study

Each session will be driven by a specific caselet crafted from our Advisory experience

Sharing of experience by members of a successful Family Business

   

In-between modules

Assignments

Discussion Forums

Experience Sharing

Coaching and Mentoring

Indicative Bibliography
GENERATION TO GENERATION – GERSICK, DAVIS, HAMPTON, LANSBERG
THE TATAS – HOW A FAMILY BUILT A BUSINESS AND A NATION – GIRISH KUBER
WARREN BUFFETT ON BUSINESS – RICHARD CONNORS

Module 2: Entrepreneurship in Family business

No of Days

4

   

Objective of the Module

Developing New venture and entrepreneurial capability

   

Course Coverage

Characteristics of an enterprising family

The entrepreneurship pipeline

Move to larger family entrepreneurship

Mindset of Entitlement v/s Creation

New Idea generation

Design Thinking for Problem solving

Building a Business Canvas Model

Detailed Project Report (DPR) for Approval

Presenting a proposal for approval to the Business Council – Shark Tank Method – Evaluation by a panel

   

Methodology

Pre-work – Identification of an opportunity

Workshop Methodology in Class

5 stage process experential learning.

Bank / VC experts to share experience in creating DPR

 

 

In-between modules

Assignments

Discussion Forums

Experience Sharing

Coaching and Mentoring

Indicative Bibliography
UNDERSTANDING ORGANISATIONS – CHARLES HANDY
THE FOUNDERS MENTALITY – CHRIS ZOOK AND JAMES ALLEN
BUSINESS MODEL GENERATION – HANDBOOK FOR VISIONARIES, GAME CHANGERS AND CHALLENGERS – BY ALEXANDER OSTERWALD
WORKING IDENTITY – UNCONVENTIONAL STRATEGIES FOR REINVENTING YOUR CAREER – HERMINIA IBARRA
THE NEW ALCHEMISTS – CHARLES HANDY

Module 3: Growing the Family Business

No of Days

4

   

Objective of the Module

Preparing a Family Business Growth Plan – idea, need, process, outcome

   

Course Coverage

Understanding Business: External  and Internal Analysis

Prepare EFE and IFE Matrices

Developing a SWOT

Validating the Strategy

Managing liquidity

Managing enterprise risk, disaster recovery and business continuity

Innovation, incubation and startup

Professionalizing the Family Business

Leadership development of professionals and succession planning

Role of Board and Directors

Growth plan implementation and managing growth: Short term objectives and functional strategies

Case discussions on formulating growth plans

   

Methodology

Case Methodology : Developing a Growth Plan

Tools and Templates for Analysis

Presentations by two entrepreneurs who have achieved growth by strategic planning

Group Growth Plan presentation by participants

 

 

In-between modules

Assignments

Discussion Forums

Experience Sharing

Coaching and Mentoring

Indicative Bibliography
EVERY BUSINESS IS A GROWTH BUSINESS – RAM CHARAN
WHEN FAMILY BUSINESSES ARE BEST – PARALLEL PLANNING PROCESS – RANDEL CARLOCK AND JOHN WARD
THE ART OF THE LONG VIEW – PETER SCHWARTZ
SCENARIOS – KEES VAN DER HEIJDEN
BOARDS THAT LEAD – CHARAN, CAREY, USEEM
BEYOND THE CORE – CHRIS ZOOK

Module 4: Leadership and Management in Family Business

No of Days

3

   

Objective of the Module

Developing Leadership for performance, health and perpetuity

   

Course Coverage

Practices of perpetuity

Stradlling the 7 zones in family business

Stewardship in family business

Attributes of good leadership

 Management in family businesses

Talent Management and Succession planing

Difficult management interactions – Case Based

Managing Transition

What made me a good leader in my Family business – a session by a Family leader

   

Methodology

Case Methodology : Leadership in Family business

Leadership РAssesment  & Feedback РHoggan

Caselets  for difficult management interactions

 

 

In-between modules

Assignments

Discussion Forums

Experience Sharing

Coaching and Mentoring

Indicative Bibliography
CORPORATE LIFE CYCLES – ADIZES
THE LIVING COMPANY – ARIE DE GEUS
CENTURIES OF SUCCESS – WILLIAM OHARA
LESSONS FROM THE CENTURY CLUB – VICKY TENHAKEN

Module 5: Governance in Family Business

No of Days

4

   

Objective of the Module

Understanding Principless, Policies and Processes that makes family business functional

   

Course Coverage

Forums in Family Business

Decision making process

Managing differences

Prioritization of Policies – Family, Ownership and Business

Succession Planning in Family

Family Charter, Business Charter, Ownership Charter

Family Constitution

   

Methodology

Class room Discussion

Frame works and tools

Workshop on building principles of goverence in family bsuiness

 

 

In-between modules

Assignments

Discussion Forums

Experience Sharing

Coaching and Mentoring

Module 6: Family Business in the Global Environment

No of Days

3

   

Objective of the Module

Creating a globally competitive Family Business

   

Course Coverage

Working across cultures ‚Äď managing people of different cultures in one‚Äôs own business

Competing with global companies in India

Brand building, and developing an appropriate global strategy

Leveraging overseas family and family relationships to help develop a global presence

Joint ventures as a means to help one globalize a business

The importance of R&D and proprietary technology

Session by a Family Business member who has a Global presence / JV / Technology Partner

   

Methodology

Class room Discussion

Frame works and tools

Workshop exercises

 

 

In-between modules

Assignments

Discussion Forums

Experience Sharing

Coaching and Mentoring

Indicative Bibliography
START WITH WHY – SIMON SINEK
WHAT GREAT BRANDS DO – DENNIS LEE YOHN

Learners will get unparalleled opportunities to network, share, and benchmark with expert faculties of EDII and Human Endeavour. The curriculum further entails platform to connect with pioneers in family business & entrepreneurs who will delve deeply into specific topics as well as cater understanding of Indian & Internationally run family owned businesses.

Learners will return to their family business with new ideas, action plans, and tools to help their business grow and succeed into the next generation and beyond.

On course completion you will be awarded with our course completion certificate.