pgp@ediindia.org +91 - 63570 09390 (PG Program Inquires)

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

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 – Assesment & Feedback – Hoggan
	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 – managing people of different cultures in one’s 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.