DEVELOPING NEXT GENERATION FAMILY BUSINESS AND FAMILY OFFICE LEADERS
Objective
The objective of this program is to provide intensive training in Family Business Leadership for Next Generation Leaders. Second and Third Generation FB Leaders need not only entrepreneurial skills but a deep understanding of Family Dynamics in order to lead the Family and Family Shareholders through growth and stability. The world is littered with thousands of families that have practically disintegrated with tremendous losses in Individual Self Esteem, Family Solidarity as well as enormous decreases in financial wealth. This program provides a Forum where Leaders can not only hear some of the latest knowledge, but also share with peers in a safe environment the deeper intricacies of family business leadership.
Description
This program consists of two Intensive Weekend Seminars. This gives time to integrate and reinforce the material between each session without losing knowledge. Group size will be 10 to 15. Program will be given annually.
Dates of Intensive Weekend Seminars
Next Seminar is TBA, but each session begins Friday at 9:00am, and ends Sunday at 12:00.
Understanding Self and Leadership in Family Systems
- Personal Leadership Strengths and Blind Spots (Includes Professional Leadership Assessment).
- Role of Emotional Intelligence.
- Core Family Dynamics and Patterns.
- Enmeshment.
- Authoritarianism.
- Love and Control.
Understanding Your Family’s Financial DNA
- Legacy and Values in Dealing With Wealth.
- Generational Differences in Wealth Management.
- Role of Entrepreneurship and Moral Development.
- Managing Wealth Advisors.
- Understanding Need and Structure of Effective Family Offices.
Succession, Governance and the Management of Change
- What Success Really Looks Like
- Importance of Culture
- Psychodynamics of Succession, and Resistance to Change
- What Healthy Family Business Governance Looks Like
- Creating Effective Boards in Private Companies.
Program will be conducted in English. Professional simultaneous translation into Spanish is available.
Program Leader
Marc A. Silverman, PhD is a senior level consultant in the field of Family Business and Family Wealth Preservation with over 20 years direct experience. Please see his webpage http://www.the-sii-inc.com/about-us/ for more information.
Understanding Your Family’s Financial DNA
- Legacy and Values in Dealing With Wealth.
- Generational Differences in Wealth Management.
- Role of Entrepreneurship and Moral Development.
- Managing Wealth Advisors.
- Understanding Need and Structure of Effective Family Offices.
Succession, Governance and the Management of Change
- What Success Really Looks Like
- Importance of Culture
- Psychodynamics of Succession, and Resistance to Change
- What Healthy Family Business Governance Looks Like
- Creating Effective Boards in Private Companies.
Program will be conducted in English. Professional simultaneous translation into Spanish is available.
Program Leader
Marc A. Silverman, PhD is a senior level consultant in the field of Family Business and Family Wealth Preservation with over 20 years direct experience. Please see his webpage http://www.the-sii-inc.com/about-us/ for more information.
Frequently Asked Questions
Q. Who is the Program For?
A. The program is designed for Next Generation Leaders. These may be people in their 50s and 60s or 20s and 30s. If the older generation is making the critical decisions about the wealth of the family and strategic decisions in the business, then the next generation should attend this seminar. Program is designed both for those who will be leading family businesses and family offices. Particular attention is given to Latin cultures. The program is designed to be both a learning community in the deepest sense and a support network.
Q. What is the difference between this training program and family business consultation?
A. This program is designed as a series of educational seminars that focuses on training leaders of the next generation. Consultation is designed to help a particular family system prepare for the Succession and Governance process that will be most helpful to them. Part of the richness of this program comes from sharing with peers in similar learning challenges and solutions.
Q. Is there a lot of lecture and homework?
A. Theory is important, and latest theory will be reviewed. We know that learning takes place best through discussion, case studies, personal sharing and experiential activities. Voluntary readings and homework will be given between sessions to help in the assimilation process of learning. Sessions are carefully designed to balance theoretical understanding with practical learning.
Q. May I skip the Leadership Assessment since I already had a DISC assessment done?
A. Absolutely not! First each tool provides different data. The one we use has the highest level of scientific research. The more knowledge you have about yourself as a leader, the more effective leader you will be. The assessment tool itself is a key ingredient of the program. Great leadership begins with self awareness, self knowledge and some humility as well.
Q. What Do I Get in the End?
A. You will have more knowledge and skills in how to lead your family well in the future. Besides a certificate, you will gain a deeper understanding of yourself as a family business leader, the culture of your generation and family system as a whole. You will deepen your understanding of the role of money and wealth in your family’s legacy, and develop ways to lead your generation and your children well. You will be given tools that will assist you in the development of effective succession and governance processes including boards and family office structures for your family’s business.
Q. Can I take the Program more than once?
A. Yes. This kind of learning is much more like art than science! The more one focuses on understanding these topics personally and in his/her family, the richer and more effective you as a leader will become. Many people find continued participation in these kinds of programs as deeply helpful. What could be more enriching than sharing with others the challenges, failures and success we all bring to our role?