Startup & Entrepreneurship

Building Strong Family Teams

Introduction

This practical training program is designed with:

  • 16 hours training 
  • 03 months one-on-one coaching

 

 

 

How you will benefit

By the end of the program, participants will be able to prepare for a new era of Co-Leadership

Who should attend

Families in Business: From Generation to Generation is intended for teams of business family members, such as:

  • A chief executive officer [or top family business leader(s)] and his or her spouse
  • Children of the business leader(s) and their spouses
  • Siblings and their spouses/partners
  • Cousins and their spouses/partners
These family members might be:
  • A manager or an employee
  • A board member
  • A shareholder
  • An interested relative, who may be an in-law

What you will cover

Module 1: Teamwork and Partnerships

  • The growing trend toward teams and partnership
  • Knowing when to change to a team-based organization
  • What families must realize about building a leadership team
  • Steps to creating a team atmosphere

Module 2: Sibling Teams

  • Tasks and pitfalls in a sibling partnership
  • First step: Establish a shared dream
  • Pros and cons of 50:50 sibling partnerships
  • Creating a level playing field for sibling co-leaders
  • Settling ownership between siblings who've drifted apart

Module 3: Cousin Teams

  • Building a working relationship among cousins
  • Nordstrom: Letting cousins take over
  • Best ways for selecting third generation leaders

Module 4: Husband-and-Wife Teams

  • Common threads of successful spouse teams
  • Beating the stresses of mom-and-pop partnerships
  • How five couples separate home, work, and responsibilities
  • Using assessment exercises to find the ideal role for each partner
  • Self-test for compatibility in running a business

Module 5: Building Executive Teams

  • Ten strategies that encourage co-leadership
  • How and when to form a team at the top
  • Teaming up with hired managers to spur growth
  • One model: Creation of an "office of the president"

Module 6: Employee Work Team

  • How to form, inspire, lead and support teams in the workplace
  • When not to form a team
  • Encouraging teamwork and rewarding team performance
  • Ways to recognize potential team players

Module 7: Bringing the Family Together

  • Understanding stages of ownership evolution
  • How to pull family stakeholders together
  • Giving inactive shareholders a voice
  • Non-stock ways to compensate family shareholders
  • Settling disputes...and neutralizing troublemakers
  • How partners from different families can build cooperation

Module 8: Transition to Team Leadership

  • Understanding transitions to sibling and cousin teams
  • Planning the changeover to co-leaders
  • Beating the special problems faced by co-successors
  • Teaching successors about teamwork
  • How partners from different families can choose successors

Module 9: Tools for Family Business Teams

  • Overcoming obstacles to good communications
  • Maintaining trust among all family members
  • Why leaders must build consensus
  • Resolving conflicts, getting around impasse
Study Time

This practical training program is designed with:

16 hours training - 2 days

Schedule

Shanghai
3,500 $
06 Apr & 07 Apr 2023
Live Online
3,500 $
15 May & 16 May 2023

Other courses