Understand what it takes to create long term “family enterprising” that promotes trans generational wealth. Learn how to blend family, business and ownership strategies.

Utilizing case studies, lectures, interactive discussions, and family-focused exercises, this two-day workshop takes you beyond traditional strategic planning by viewing family businesses as a unique pool of resources and capabilities that you can leverage to find a “familiness advantage” for long term growth and continuity of family businesses. Come away with the processes, practical tools and confidence to successfully assess the competitive advantages of family firms from a resource-based view of the firm and integrate family values, vision and commitment into a formalized, effective decision-making process. Create a strategic plan that builds family trust, commitment and participation and engenders stability, mitigates conflict and transforms the family business operations into family businesses that transfer entrepreneurship, social and economic wealth across generations. This workshop challenges your traditional thinking on strategic planning and provides you with a new perspective on how family firms can establish legacy of wealth creation across generations.

Core Teachings

• Define and Explore Effective Strategies – Understand strategy based on the competitive landscape in the 21st century, life cycle timing, and the family influence on the business strategic planning in family businesses
• Strategic Planning in Family Businesses – Understand what are the benefits of strategic planning to family businesses; understand why strategic planning is important to the continuity of family businesses; understand why strategic planning is different in family businesses;
• Analyze Your Clients’ Businesses and Families – Explore the concepts of values, business philosophy and guiding vision as it relates to your family clients;
• Enterprising Family Framework – Learn the concept of transgenerational entrepreneurship and the Six Dimensions of Family Enterprising as an assessment process; learn what are the necessary ownership mindsets for transgenerational wealth creation;
• Challenges of Conducting Planning in Family Businesses – Understand the key challenges of conducting strategic planning in family businesses, for example, the challenge of identifying the specific action items required for family businesses clients to create transgenerational social and economic wealth;
• The Resource-Based View (RBV) of the Firm as a Strategic Planning Tool – understand the potential competitive advantage of family businesses from a resource-based view of the firm and learn to apply RBV as a means of addressing the particular challenges facing the family business;
• Assessing the Familiness of Family Firms – Explore the unique resources embodied in a family business; provides you with tools to identify resources of family firms and categorize them as contributors to their wealth creation capabilities or constraints on the health and wealth of the family firm;
• A Systemic Approach to Strategic Planning in Family Businesses – Explore a systemic approach to strategic planning within the family business and understand three important steps involved in the process