Family Business Training

Overview

The Centre offers training programmes for leaders, family members and executives of family firms which focus on the unique challenges and opportunities that these enterprises face in today’s global business scenario. Transformation of family businesses require focused training inputs and hence the centre collaborates with the ISB Centre for Executive Education to offer a wide variety of short duration programmes. Each of these has been developed carefully in accordance with specific needs of family leaders and executives.

Family Business - Managing Growth and Transformation

Running a family business often brings in conflicts, at the interface of family and business, while exploring growth opportunities. You have to develop competitive strategies and at the same time, build internal capabilities to manage the challenges that come with adopting changes. It is not always easy for family-run businesses to transform themselves, because of lack of professionalisation and governance. Family Business: Managing Growth and Transformation is a programme that enables you to identify and understand the challenges that come with the transformation of a growing family business, and develop key skills for managing it.

Family Office Essentials: Navigating Wealth and Legacy

In today's challenging financial environment, business families face significant risks in managing and preserving their wealth, often resulting in the erosion of family fortunes over generations. Headlines such as “Corporate India's famous family fallouts”[1] or "The Stunning Rise and Fall of the Astor Family Empire"[2] or “Be a Rockefeller, Not a Vanderbilt”[3] underscore the vulnerability of even the most prominent business dynasties. To avert such outcomes, it is crucial to distinguish family wealth from business assets and adopt a strategic approach to wealth management. Many business families lack the specialized knowledge required to navigate these complexities, highlighting the need for a structured solution.

(1) Corporate India's famous family fallouts

(2)The Stunning Rise and Fall of the Astor Family Empire

(3) Be a Rockefeller, Not a Vanderbilt

Next Generation in Family Business

Successful leadership transition across generations is crucial for family business continuity. Family businesses that groom their next generation members from an early age, are usually the ones that thrive through multiple generations. Capable, focused and decisive, next-generation members are the biggest asset for a family business. Next Generation in Family Business: Getting Future Ready is a programme that helps the next-generation members master the concepts and skills required to navigate through the complexities of a career in family business or organisation they choose to serve. The programme will provide a comprehensive perspective of managing a family business and its complexities. It will equip you with the essential toolkit of leadership capabilities and skills.

Mediation 101: Resolving Conflict or Separating Amicably in Business Families

Business Families frequently encounter unique challenges. Trouble in the family may harm the family business; and challenges at the business level may strain or sever the family’s relationships. Failure to address these challenges effectively and early can be fatal for both the family and the business. The legal routes available to resolve such challenges are often lengthy and costly and can damage reputation and relationships. Mediation can be an effective way for a family to address the conflicts that threaten their business and their relationships and in the best cases to emerge stronger as a business and a family.

Roundtable on Women in Family Business

Recognising the significant and growing impact of women in family businesses, there is a pressing need for a dedicated platform to foster dialogue, share experiences, and address the specific gender-related challenges and opportunities faced by business families in India.  

A roundtable, attended by both women and men of business families, however primarily focused on issues surrounding participation of women in business is expected to serve as a vital forum for exchanging best practices, exploring innovative strategies, and cultivating a supportive network for gender inclusivity and empowerment of women leaders. Through collective wisdom and shared experiences, we aspire to build a more inclusive and thriving future for family enterprises, one where women's voices are not only heard but also celebrated as a driving force in shaping the future.

Advising the Family Enterprise: Facilitating Sustainable Growth and Success

Most businesses in India and other Asian countries are family controlled and managed. However, family businesses face unique decision dilemmas as they operate within the interface of family, business and ownership systems. Expert advice to help the family enterprise navigate through these complex challenges is highly valued and sought after but is rarely available. Addressing this need, the programme helps the participants master the concepts and skills required to deal with family business challenges and become an effective advisor. The mentoring capabilities built through this programme help the participants devise insightful solutions that leave a lasting impact on their family business clientele

Making Directors Effective in Family Business

Directors of family controlled businesses have to address unique challenges. They need to understand the overlapping features of family and business to perform their responsibilities. This programme will enable participants to be effective board members. The program will equip the directors of family businesses to carry out their responsibilities towards the growth and perpetuity of the business