Future Family Enterprise: Sustaining Multigenerational Success

Future Family Enterprise: Sustaining Multigenerational Success

Item No. a056g00000URaa8AAD
Course Dates Format Location Duration Time Commitment Price
Sep 26–Oct 1, 2021 In Person Cambridge, Massachusetts 6 days 4-8 hours/day $40,000


Management and Leadership

Certificate Credits

5.0 EEUs


- Family Enterprise

- Organizations & Leadership

Recent research indicates that most families that achieve financial success—typically through a family company—lose their success within three generations. Why do some family enterprises derail while others prosper? This new program for multigenerational families will help you understand and implement the important driving factors of long-term, enduring, family enterprise success. The course also examines where family enterprises are going and what will drive their success in the future economy.

The Future Family Enterprise program leads multigenerational families through a stimulating week-long conversation that produces clarity on the path ahead for each participating family and its enterprise. Your family will learn practical concepts and tested practices—organized around examples of multigenerational success and failure—to aid your thinking, improve your long-term planning and alignment, and shape the roadmap of your family enterprise system.

In this six-day program (Sunday afternoon to Friday at noon), faculty explore the opportunities, challenges, and future trends for owning, governing, and managing a family company and a broader family enterprise organization over multiple generations. Conversations and class sessions focus on the distinct issues faced by multigenerational families that have survived beyond the founder-stage. The program views the family enterprise through the lens of ownership, helping you to understand the important decisions that are yours to make as well as how to govern and plan for the longevity of your family’s enterprise activities.

In addition to interactive classroom work and exchanges among families from around the world, your family will have daily, private, facilitated discussions with an experienced family enterprise advisor to focus on your interests and agenda. Families should attend in teams spanning two or more generations. Each family team will leave the program with a tailored action plan built together over the course.

Important questions addressed include:

  • How is technology shaping industries and companies, and how must family-owned businesses adapt?
  • What are the emerging strategies for capitalizing, owning, and controlling family companies?
  • What are the trends in governance of multigenerational companies, family offices, ownership groups, families, and foundations?
  • How are families themselves modernizing and remaining united in this mobile, globalized world?
  • With Generation X assuming leadership roles, and the emergence of the Millennial Generation, how are succession planning and next generation talent development more complex today? How do families prepare for generational transitions in this fast-changing environment?
  • What are the latest strategies for steering and sustaining a complex, multigenerational family enterprise, with a growing number of family owners, for another generation or more?

The combined experience of faculty and participants produces deep understandings and even profound transformations for participating families. Your family will have conversations you never anticipated and will leave the program feeling closer and more aligned about your future as a result.

The Future Family Enterprise program is led by MIT Sloan Senior Lecturer John Davis, a pioneer in the family enterprise field and a globally recognized authority on family enterprise, family wealth, and the family office. Davis joined MIT Sloan after leading the family enterprise area at Harvard Business School for more than 20 years. He is an award-winning teacher and researcher and is the creator of some of the field’s most impactful conceptual frameworks. Davis is also Chairman of Cambridge Family Enterprise Group, a global advisory and research organization.

Working at the intersection of management and technology, MIT Sloan is uniquely positioned to support family enterprises by:

  • helping shape the present by applying cutting edge ownership, governance and management practices to the specific context of multigenerational family enterprises
  • helping seize the future of family enterprise that is being shaped by technological disruption, innovation, and societal changes

The program is specifically designed for family businesses that have moved beyond the founder stage to the second or third generation of ownership control, or later. It offers a rare opportunity to learn and exchange views with peers from around the globe who understand the complexities of family enterprise systems in later generations and share similar challenges and goals.

True to MIT’s Mens et Manus (mind and hand) learning philosophy, we use a variety of teaching methods to apply the learnings to real work in real time. Through interactive classroom modules, case discussions, exercises, small group work across families and facilitated private family coaching sessions, families are provided opportunities for transformative conversations, problem solving, roadmap building, and aligning on your key goals.

Participation in this program provides a connection to a dynamic and vibrant MIT community. The MIT campus and surrounding Kendall Square is one of the densest startup and innovation clusters in the world, providing the opportunity to experience an unparalleled entrepreneurial ecosystem.

Through interactive lecture discussions, case discussions, exercises, exchanges across families, and private discussions within families, you and your family will better understand:

  • How families, family companies, and family enterprises predictably evolve over generations, particularly in later generations, and how they succeed in a disruptive environment
  • How to keep the family on the path of long-term success, strategically growing assets, maintaining family unity, and building family talent to achieve the family’s compelling mission
  • How to articulate your family’s mission and core values—including your social impact mission—and how to strengthen a growing family’s commitment to success
  • How to develop a smart strategy for aligning your family and ownership group, including deciding where the family’s “highest and best use” is within the family enterprise
  • How to manage transitions of leadership, ownership, governance, and wealth creation to the rising generations
  • How to develop the next generation for key roles in and out of the family enterprise, and which roles to delegate to a non-family team
  • How both generations view next generation talent development
  • Strategies for making decisions on portfolio of investments in and out of your family company and family office
  • How to decide among an array of ownership and capital options for your family company and other investments
  • How to govern the family, the ownership group, the family company, and other organizations in the family enterprise

The Future Family Enterprise program is a transformative experience for families that have moved beyond the founder stage to one where siblings or cousins own the family company (or the investments of the family). Some families may have sold their family company and now manage other assets.

This program is designed for family teams generally of four or more individuals. No single participants are admitted. Family teams allow participants to have crucial conversations together and collaborate on the long-term planning required at their stage. It also allows each team to take back to their family enterprise systems more of the concepts, practices, and understandings absorbed during the program. The greatest regret we hear from participants is that they wish they had brought more family members to partake in this unique experience together.

Participating families come from many countries and are involved in many industries. They typically have complex family enterprise systems: companies, financial assets and perhaps a family office, family philanthropic and community activities, plus a growing and increasingly complex family and ownership group. Each family in this program has achieved admirable success after the founder-generation and aims to continue their high performance as a family for another generation or more.

Participants include family members in and out of the family company or family office; owners and non-owners; board members; family council and owner council members; senior and next generation members; and lineal descendants and spouses. Teams can also include senior non-family executives or board members attending with family members. If you want to discuss the right composition for your family team, we are ready to help.

Course Dates Format Location Duration Time Commitment Price
Sep 26–Oct 1, 2021 In Person Cambridge, Massachusetts 6 days 4-8 hours/day $40,000


Management and Leadership

Certificate Credits

5.0 EEUs


- Family Enterprise

- Organizations & Leadership

Enroll Now!


Recommended Courses

Breakthrough Customer Experience (CX) Strategy
  • New

Jun 23–25, 2021

2.00 EEUs

Digital transformation has revolutionized the way that humans behave and make decisions. This has greatly impacted competitive strategy – loyalty can be created and destroyed by customer experience. What do these shifts mean for customer experience (CX) strategy? This new customer experience course uniquely applies a behavioral science foundation to help you develop breakthrough digital customer experience CX for your brand that resonates in this highly digitized world.

Whether you are part of a new company leveraging the latest technologies, or a legacy organization feeling the pressures of digital transformation, you need a customer experience strategy that is the best of two worlds—data-driven but also keenly aware of the human element.

In this highly interactive two-day program, Renée Richardson Gosline, MIT Sloan Senior Lecturer, demonstrates how state-of-the-art behavioral economics can be combined with leadership strategy to develop innovative marketing strategy and competitive advantage.

You’ll learn how to create different types of value for customers, leverage artificial intelligence for an enhanced experience, and embrace field experiments for actionable data-based insights. You’ll leave this customer experience course with a varied set of tools to help you enhance the digital customer experience your company provides and transform your organization to optimize an experimental culture. Gosline will also draw on the research behind her forthcoming book, The Human Algorithm: How humans augment AI, and vice versa, to improve decision-making.
Course content and discussions will explore:

  • Using data and technology as a tool to craft superior customer experience (CX)
  • Applied Behavioral “Nudges” for better/different choices and decisions
  • Creating a Culture that embraces Experimentation
  • How to design and incorporate experiments into your data strategy for Innovation
  • Customer-Brand Relationships (CBR) and how to diagnose and build them
  • Digital collaborations between firms and customers in platforms
  • Judgment and decision-making in AI/algorithm-mediated landscapes
  • Digital Brand Strategy
  • Leadership: How to create a culture that embraces tech change and experimentation—and how to get leaders to buy in.


Learn more about the live online experience.

Apr 27–28, 2021

Jun 14–15, 2021

2.00 EEUs

Participants in this organizational strategy program will learn what it takes to build game-changing companies that make their teams and areas of responsibility world-class talent factories. They will also discuss the importance of building an innovative company culture and learn from the successes and challenges of various companies that have been on similar journeys of transformation.

Game-changing organizations rewrite traditional playbooks. They stand out. They often create disproportionate value relative to their size and resources. They have big dreams but know how to get things done. These organizations have a palpable "buzz" to them. They have a breakaway business model, but they also have a breakaway spirit and organizational culture.

Leaders of these game-changing organizations understand the power and importance of telling their companies' compelling stories. They are hard-edged business leaders but they also embrace what others might consider to be the "soft side" of leading: purpose, vision, and climate. They know how to integrate the hard and soft sides of leadership into a powerful formula that makes them game-changers. These leaders and their organizations are purpose-driven, performance-oriented, and principles-led. The weaving together of these three capabilities simultaneously is what helps them get and stay out in front.

Learn more about the live online experience.

Jun 21–23, 2021

2.00 EEUs

This highly experiential course explores neuroscience concepts and techniques to help leaders motivate and inspire their peers and employees in ways that catalyze innovation and increase business success.

Please note: The application deadline for this course is 4 days prior to course start. 

This program will take a deep dive into neuroscience concepts and techniques to help you—brain and body—through a method of unleashing potential in yourself and others.

Through a balance of theory and application, neuroscientist and MIT Sloan Senior Lecturer Dr. Tara Swart will examine the latest neuroscience research and how it can inform your personal and professional practices. Program topic areas include:

  • How to boost, refuel, and re-direct your cognitive resources
  • Embodied leadership and somatic practices (MIT’s “thin slices” research)
  • Creative and intuitive ideas for revolutionizing collaboration
  • Neural pathways that underlie procrastination, risk profile, and resilience (Swart’s Neural Tethering Model© based on research from MIT’s financial engineering department)
  • The impact of gender and cultural diversity on confidence and creativity in organizations and teams
  • Working with technology to empower human potential

Hands-on exercises will include enacting successful scenarios through creative, visual activities, guided meditation focused on peak performance, and optional yoga.

Note: This is not a science course; it is a leadership course based on scientific research. The program is designed for executives who are looking for new methods to inspire and motivate their colleagues.

Learn more about the live online experience.   

Jun 1–2, 2021

2.00 EEUs

Grounded in extensive cognitive research on how we learn and observe, Communication and Persuasion in the Digital Age is designed to help executives and managers become successful communicators in person and in virtual contexts: from group discussions to presentations to social media.

Advancements in technology and the rapid proliferation of digital media, data analytics, and online collaboration require executives to lead their organizations with sophisticated communication skills, adapted for these new ways of working. To be a successful leader today, you must be able to effectively persuade and influence at all levels, in person and virtually, and with supporting data.

Edward Schiappa and Ben Shields draw on cutting-edge communication research, theories of persuasion, studies on parasocial interaction, and empirical studies on compelling storytelling to help participants solve problems, make quality decisions, and motivate people. Session topics include speaking persuasively, visual persuasion, communicating quantitative information clearly, and adapting messages to audiences.


Learn more about the live online experience.