Transforming Family Businesses - Choosing Your Path
Transforming Family Businesses: Choosing Your Path
Dates:
This program is designed to help leaders of Chinese family enterprises develop sound growth strategies, strengthen their organizations, and build a firm foundation for long-term success. The program is taught in both Mandarin and English with simultaneous translation.
Program Details
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About the Schools
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Transforming Family Businesses: Choosing Your Path Certificate Track: Management and Leadership Location:
Peking, Oxford, MIT Tuition:
$47,500 USD (Covers tuition, books, case materials, accommodations, and most meals) Program Days (for ACE Credit) 5
Transforming Family Businesses: Choosing Your Path is a program designed to prepare future owners and leaders of Chinese family companies and help them build a firm foundation for long-term business success. Jointly offered by the Guanghua School of Management, Peking University; Saïd Business School, University of Oxford; and Sloan School of Management, Massachusetts Institute of Technology, this program delivers the strategic insights and tools to help you master the diverse organizational challenges confronting your family business in Greater China and beyond. You will return to your company ready to seize new local and global opportunities, ensure smooth leadership transitions, and sustain growth for generations to come.
Please note: The title of this program has changed. The program was previously named "Leading and Transforming Family Businesses - China"
Participants in this program will learn how to:
Create an enduring family enterprise over generations
Professionalize the family through family governance
Lead a succession process to sustain generational growth
Grow and transform their family business in the context of global competition
Identify a compelling purpose for their family enterprise beyond financial success
Create a culture of innovation and entrepreneurship as a source of new opportunities and competitive advantage
Adapt to disruptions that are changing industries and business models
Understand short and long-term business implications of disruptive technologies on their family business
Assess their role and develop their path within or outside a family enterprise
Additional Benefits:
Provide family business leaders with new insights and enhanced management, strategy and innovation skills, better equipped to envision and execute on the future for their family businesses
Application of these insights/ tools in your individual contexts for tangible outcomes and implementation
A strong network of program graduates that can generate learning, career, and investment opportunities following the program
Invitations to certain alumni events
Eligibility to apply for Associate Alumni status and enjoy benefits and services available for Guanghua School of Management, Peking University, and Said Business School, University of Oxford.
Immersed in a rich, three-module learning experience on three continents, you will examine how family businesses in China and around the world have built successful, sustainable organizations. As you explore conditions at many levels—across the globe, in China, in your business, and in your family—you also will analyze your company’s situation and create a practical action plan that you can implement immediately. The program is taught in both Chinese and English with simultaneous translation.
Module 1: High Performing Family Companies in China 14–19 March 2020 — Guanghua School of Management, Peking University, Beijing, China
Explore the features of a typical family business, analyze the issues that frequently arise, and begin to examine how successful family firms have addressed those challenges. Assess your company’s strengths and weaknesses, plan for stabilization and growth, and refine and articulate aspirations for the future.
Building a successful family business in China
Ensuring family and family business success over generations
Designing governance for the business, ownership group and the family
Growing a family business in the midst of a changing political and economic climate in China and globally
Planning for and managing succession
Assessing your life and career goals and their fit with the family business
Module 2: Growing and Transforming the Family Company 25-29 May 2020 — Saïd Business School, University of Oxford, Oxford, U.K.
Examine how businesses innovate across borders. Learn how to recognize your firm’s intrinsic advantages and bolster its capacity for innovation—within the firm and with partners—to build new market opportunities.
Understanding your industry and how your business competes in it
Going from local to global
Identifying a compelling purpose for your company, your family, and yourself
The importance of responsible ownership in the 21st century
Growing and changing your family company
Using governance to set direction and solve problems
Creating a strong family team
Assessing your best role in the family enterprise
Module 3: Managing Change, Innovation, and Transitions 27-31 July 2020— MIT Sloan Executive Education, Cambridge, MA, U.S.
You explore how to adapt to technological change and other global forces that are shaping business, manage the change process in your company, build your organization, sustain growth and grow value, and develop yourself as a business leader.
Adapting to industry disruption and technological change
Creating a culture of innovation and entrepreneurship
Acheiving economic and social objectives in your family company
Leading significant change in the family company
Following the founder in the family company
Thinking like an owner
Assessing your personal development needs
This program is ideal for leaders of established Chinese family-run businesses from any industry that are reaching milestones in their growth and seeking new strategies for driving long-term success.
Participants should be family members involved in strategic decision-making and organizational design. They may represent any family business with Chinese origins, whether it operates in Mainland China, Hong Kong, Taiwan, or overseas. The program welcomes individuals with at least 3 years of post-college business experience, or leadership teams.
Please note that faculty are subject to change and not all faculty teach in each session of the program.
Senior Lecturer, Family Enterprise Executive Programs
John A. Davis is a Senior Lecturer in the Family Enterprise Executive Programs at the MIT Sloan School of Management. He is a globally recognized pioneer and authority on issues related to the family enterprise, family wealth, and the family office. Since the 1970s, he has been a leading researcher, professor, author, advisor, and speaker on family enterprise, and is the creator of some of the field’s most impactful conceptual frameworks. His insights help to develop leaders, strengthen families, professionalize businesses and family offices, grow shareholder value, and pass sustainable enterprises to the next generation.
A renowned academic and shaper of the family enterprise field, Davis teaches family business and family office management, and strategies for family enterprises to position themselves for the future.
Trained in management, psychology, and economics, Davis has advised multigenerational family enterprises in more than 65 countries, including a number of the world’s leading enterprising families. He advises on sustaining long-term success; governance; family wealth; family office; ownership strategies; developing next generation talent; succession transitions; life and career planning; conflict resolution and family unity; selling the family business; and adapting to disruptive change, among others. He is founder and chairman of the Cambridge Family Enterprise Group, a global organization he created in 1989 that is devoted to helping enterprising families achieve long-term and lasting success for their families, enterprises, and financial wealth.
Davis is an award-winning teacher and researcher, and lifelong creator of innovative education courses and teaching materials. He is on the Advisory Council of the Inclusive Capitalism Programme on Purposeful Ownership at the Said Business School at the University of Oxford—a research study that explores current family ownership issues. During his 21 years on the faculty of Harvard Business School, Professor Davis founded and led Harvard’s family business management area and was founding faculty chair of the Families in Business program. He created and led the MBA course, Management of the Family Business, to explore the management, career, and personal issues found in family-owned companies, and taught family business management and leadership in the Owner/President Management executive program, as well as in other programs and courses.
An early founder of the family business field as an academic discipline, Davis has written significant works explaining family enterprise dynamics and success. In 1978, with HBS Professor Renato Tagiuri (now deceased), he co-created the Three-Circle Model of the Family Business System, the fundamental paradigm in the family business field. He developed the Family Enterprise framework to help families map their collection of meaningful activities and assets that unite and define them, and the Family Enterprise Sustainability framework which distills the three essential ingredients needed for the successful longevity of a family enterprise. He is coauthor of the book, Generation to Generation: Life Cycles of the Family Business, a preeminent work. He has published an extensive body of educational materials—case studies, articles, and diagnostic worksheets—that are used by graduate schools of business across the globe. He is coauthor of the book Next Generation Success and author of Enduring Advantage, 2nd Edition. His theories and observations are regularly cited in publications such as the Wall Street Journal, New York Times, Financial Times, Economist, Bloomberg, NPR, Forbes, and Fortune.
Davis speaks at conferences and workshops for enterprising families around the world, such as the World Economic Forum, Harvard Business Review, YPO and WPO, Cambridge Institute for Family Enterprise, and Family Business Network, as well as for financial institutions, private member networks, and individual family companies.
Davis earned his Doctorate in business administration from Harvard Business School, his MA in economics from the University of Wisconsin, and his AB in economics with high honors from Kenyon College. He tweets @ProfJohnDavis.
William F. Pounds Professor in Management Professor of Organization Studies
Roberto M. Fernandez is the William F. Pounds Professor in Management and a Professor of Organization Studies at the MIT Sloan School of Management.
Fernandez currently serves as the co-director of the Economic Sociology PhD Program and served as the head of the Behavioral and Policy Sciences area from 2008-2010. His research focuses on the areas of organizations, social networks, and race and gender stratification. Fernandez has extensive experience doing field research in organizations, including an exhaustive five-year case study of a plant retooling and relocation. His current research focuses on the organizational processes surrounding the hiring of new talent using data collected in 14 organizations. He is the author of more than 50 articles and research papers published in top academic journals in his field.
Fernandez holds a BA in sociology from Harvard University and an MA and a PhD in sociology from the University of Chicago.
Module One Core Faculty: Beijing, China
Li Jin Associate Dean, Guanghua School of Management Director of National Center for Financial Research and of the Management Case Research Center, Peking University
Li Jin is a chair professor and doctoral advisor at Guanghua School of Management, Peking University, co-director of Department of Finance, and one of the experts chosen by The Recruitment Program of Global Experts, a national strategic program of Chinese government. Mr. Jin Li was a finance professor at Harvard University and an executive director of the Fairbank Center for East Asian Research. He now holds a concurrent post as finance professor at Said Business School, University of Oxford (tenured full professor & doctoral advisor) and researcher at Oxford China Center. He is the founding co-director of the project of Harvard-Oxford-Peking Universities Future Leaders of Private and Family Business. He is an internationally renowned expert on corporate governance, a member of the Council and the Academic Committee of the Global Corporate Governance Committee (GCGC), and representative of the Chinese Area. He serves as independent director and external director at a number of domestic and foreign listed corporations, fund management companies and large state-owned enterprises; he also holds positions as senior advisor or director at many domestic and foreign academic and practical institutions.
Jin Li teaches capital market, corporate finance and corporate governance for MBA, EMBA, undergraduate and postgraduate students at Harvard Business School, Oxford University and Peking University. His research areas include international investment and financing, venture capital investment and private equity, hedge funds, wealth management, governance and inheritance of family enterprises, domestic and cross-border mergers and acquisitions, capital operation and so on. He has been invited to attend a variety of high-level international conferences as chairman of conference agenda, member of organizing committee or guests. His research results have been published in top international academic journals and won many internationally famous awards. Professor Jin Li has presided over nearly twenty case studies at Harvard University, Oxford University and Peking University which took Chinese enterprises as research object and which have been widely used in international business schools.
His research on China's economic and financial problems received attentions from international mainstream media, and his editorials about China's economic and financial problems have been published in Wall Street Journal and Financial Times; he has been interviewed by national-level media from Britain and the US for a number of times.
Jin Li has been engaged in teaching for more than 20 years, with students all over the world. At Harvard University and Oxford University, he has taught thousands of students at home and abroad who are serving in various international organizations, governments, financial institutions and other major companies. He served as the co-chairman of the "Project of Harvard-Tsinghua Private Equity and Venture Capital" on behalf of the US side, and the co-chairman of the "Harvard-Peking Financial Strategy for Enterprise Globalization on behalf of Chinese side. He also taught finance courses for thousands of Chinese senior entrepreneurs in other top Chinese universities including Tsinghua University, Renmin University of China, Fudan University, Sun Yat-sen University, Cheung Kong Graduate School of Business, China Europe International Business School, and other domestic business schools.
Se Yan A Senior Chinese Economist, Research Professor at Guanghua School of Management, Peking University
Dr. Yan Se joined SCB in July 2015 as a senior Chinese economist stationed in Beijing. Over the past seven years, Dr. Yan has successfully combined academic research with practical policy analysis and offered a wide variety of economic consultation and analysis services for top government officials. Before joining SCB, he was an associate professor and associate chair of Department of Applied Economics at Guanghua, and also deputy director of IEPR-PKU.
Dr. Yan’s research specialties are macroeconomics, Chinese economy, and economic history. His research has been widely recognized by international academia, with many academic papers published in top journals both at home and abroad. In 2009, his dissertation was awarded the “Best Dissertation Prize” at the 15th World Economic History Congress, and therefore, he became the first Chinese scholar to enjoy this honor. His research subjects have received grants from the U.S. National Science Foundation, Chinese National Social Science Foundation, and Humanities and Social Sciences Foundation of China’s Ministry of Education. In addition, he has presided over a revision project titled History of the Qing Dynasty · Foreign Trade Records. Dr. Yan is also an associate editor of the Australian Economic History Review. At Guanghua, he teaches Chinese Economy, Macroeconomics and some other courses, and has won the Teaching Excellence Award of Peking University. He received his BA in International Economics and MA in Economic History from Peking University, and completed his PhD in Economics at UCLA.
Module Two Core Faculty: Oxford, U.K.
Eric Thun Peter Moores Associate Professor in Chinese Business Studies, Saїd Business School, University of Oxford
Eric Thun is the Peter Moores Associate Professor in Chinese Business Studies at Oxford’s Saïd Business School and a Fellow of Brasenose College, Oxford. A political scientist by training, Eric’s research focuses on issues of global strategy in emerging markets and industrial development in China. He teaches on a wide range of executive programmes at the Saїd Business School, as well as the MBA and EMBA programmmes.
In his current research, he analyses how a profound shift in the geography of consumption creates both challenges and opportunities for firms. Emerging markets provide growth opportunities for global firms, but the price constraints of consumers and institutional differences within these markets demand new forms of innovation, design, purchasing, and organization. The future success of firms, and the economies in which they are based, depends on their ability to meet these new challenges.
Eric’s work has been published in World Development, Politics & Society, the Journal of East Asian Studies, World Business, and the Journal of International Business Studies. His book, Changing Lanes in China: Foreign Direct Investment, Local Governments and Auto Sector Development was published by Cambridge University Press in 2006.
Eric received his BA from Princeton University in 1990 and his doctorate from Harvard University in 1999. After a year as a postdoctoral fellow at the MIT Industrial Performance Center, he returned to Princeton as Assistant Professor in the Woodrow Wilson School and Department of Politics. He joined the Saїd Business School in 2005.
Colin Mayer CBE Peter Moores Professor of Management Studies at the Saïd Business School. Honorary Fellow of Oriel College, Oxford, and St Anne’s College, Oxford. Professorial Fellow of Wadham College, Oxford.
Colin is an expert on all aspects of corporate finance, governance and taxation, the regulation of financial institutions and the role of the corporation in contemporary society. He is currently leading the Oxford Ownership Project that examines family ownership and corporate purpose, and how they relate to the endurance, value, and conduct of corporations. Colin studied as an undergraduate at Oriel College, Oxford, and received his DPhil from Oxford University in 1981. He was a Harkness Fellow at Harvard University, and has had visiting positions at Columbia, MIT and Stanford universities. In 1994, Colin became the first professor at Saïd Business School, and was appointed the Peter Moores Dean of the Business School between 2006 and 2011.
Module Three Faculty: Cambridge, MA See Faculty Tab for more information about MIT Sloan Executive Education faculty
AN ELITE EDUCATIONAL COLLABORATION
This program is jointly offered with MIT Sloan Executive education and:
Guanghua School of Management, Peking University Guanghua School of Management, Peking University is grounded in the University’s long tradition and cultural heritage, committed to their mission: “To advance management knowledge and develop business leaders for China and the global society”, and to continuously lead the development of China’s management science. Scholars here apply leading international research methodology to the management issues of the domestic economy and enterprises, map out China’s development path with a rigorous and objective attitude, and develop local scholarship of world-class quality. They also support the country’s policy making with their solid research findings, explore the growth models of enterprises in the true spirit of science, and lead cutting-edge business practices. With a complete educational system, Guanghua admits and educates the talents from home and abroad, and nurtures them into business leaders with knowledge, competence, passion, sense of responsibility, and a global vision.
Saïd Business School, University of Oxford Saïd Business School blends the best of new and old. We are a vibrant and innovative business school, but yet deeply embedded in an 800-year-old world-class university. We create programmes and ideas that have global impact. We educate people for successful business careers, and as a community seek to tackle world-scale problems. We deliver cutting-edge programmes and ground-breaking research that transform individuals, organizations, business practices, and society. We seek to be a world-class business school community, embedded in a world-class university, tackling world-scale problems.
Application Process Applications are requested at least three weeks before the program start date. Qualified candidates are admitted on a rolling, space-available basis, and early application is encouraged.
Program Fee The program fee covers tuition, books, case materials, accommodations, and most meals. Payment is due within 30 days of the invoice date. If admission is within 30 days prior to the start of the program, payment is due upon receipt of the invoice. Cancellation policies are outlined in the information provided to applicants upon admission. Admission is selective and based on professional achievement and organizational responsibility. No formal educational requirements apply. Executive Education programs enhance the leadership capacity of the managers enrolled as well as their organizations, and full commitment is expected from both. While participants devote time and intellect to the learning experience, sponsoring companies agree to relieve individuals of their work responsibilities during the program.
Admission Requirements To ensure the most comprehensive learning experience, this program is taught in both Chinese and English with simultaneous translation. Participants will preselect either Chinese or English for their classroom materials. When forming discussion groups, program administrators consider each participant’s language capabilities to ensure the optimal group interaction.
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Behind the Scenes
Learn more about the program in this video that highlights past sessions and participant experiences.
Recently Recorded Webinar with Prof. John Davis
Recently Recorded Webinar with Prof. John Davis
A New Formula for the Long-term Survival and Success of Family Enterprises
In this webinar, John Davis shares specific activities that a family-owned enterprise needs to be good at to survive and prosper.
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