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Leading Family, Sustaining Enterprises

by Smith Family Business Initiative

Professional

Mon, 10 Sep 2018, 1:00 PM –

Thu, 13 Sep 2018, 5:00 PM

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Miami, FL, USA

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Description

Family enterprises represent nearly 90% of all businesses in Latin America. The management of these companies go through difficult times when mixing two fundamental elements:
love and money. Therefore, it’s important to anticipate conflict and evaluate alternative mechanisms that allow family harmony and business continuity in the long term.

We offer this program in collaboration with INCAE Business School, drawing upon their expertise and network in the LATAM audience. The union of both business schools allows students to learn first-hand from professors and practitioners who know very well
both Latin America and the rest of the world.

For this event, we will also have the opportunity to share with many business families from different countries of the region and thus complement the learning with the experiences of the participants. Participants are encouraged to attend with family members to make this a truly meaningful experience.

Day 1: Introduction to Family Businesses - Opportunities and Challenges of Family Business
Content:
Family businesses, effective leadership; Communications, definitions and clarity of roles
Anticipating the Family Business Conflict. Understanding the structures of the family business, change management, and family protocol

Day 2: Succession, Governance and Entrepreneurship in Family Business
Content:
Preparing the next generation and succession planning
Tools for governance, Boards of Directors and corporate structure
Understanding entrepreneurship and growth in the family business

How can we develop entrepreneurship among family members?
Day 3: Governance and Boards of Directors
Content:
The effectiveness of the Board of Directors and the continuity plan
Scenarios for the Boards of Directors. How is it that governance can be a source of competitive advantage? Cultural differences and global competencies. Simulations of the Board of Directors.

Day 4: Writing the Family Protocol and the next steps
Content:
Content of the Family Protocol. Individual support by the faculty to all participants and / or family group that attends the program. Synthesis, conclusions and next steps



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Hosted By

Smith Family Business Initiative

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