Introduction

According to Sharma et al. (2003), “Succession planning is the critical key that determines the survival and development of family businesses across generations.” This course introduces theoretical foundations, core principles, and practical steps for succession planning, helping participants prepare a long-term roadmap for the “challenging and enduring” work of founders. Participants will be guided on how to design a succession plan aligned with the development goals and values of the family business. In addition, they will be equipped with modern analytical tools, real-world case studies, and methods to assess the readiness of a family business during leadership transition.

Key benefits of the program for family businesses include:

1. Gaining a clear understanding of succession planning, knowledge frameworks, and lessons from business cases.
2. Designing the full process and steps of generational transition.
3. Mastering the key elements of succession: people, family, generations, assets, conflicts, and effective communication.
4. Being equipped with tools and skills to manage the transition process, develop successors, and maintain harmony between family and business.

This program is designed for:

1. Family business leaders and family members preparing for succession.
2. Entrepreneurs starting their businesses and preparing the next generation.
3. Managers seek to understand family businesses in order to work effectively and integrate into this model.

Program format:

The program runs for 30 hours (customisable), delivered by experienced researchers and consultants. Materials and content are standardised based on leading research and reputable publications in the field of family business. Classes are offered on a customised, “tailored” basis to address the specific issues of participants. Mode of delivery: in-person training.

Content

Reference

1. Harvard Business Review Family Business Handbook: How to Build and Sustain a Successful, Enduring Enterprise
2. 6 Traits of Strong Family Businesses
3. Understanding the Family Business: Exploring the Differences Between Family and Nonfamily Businesses
4. Generation to Generation: Life Cycles of the Family Business. Authors: Kelin E.Gersick, John A. Davis, Marion McCollom Hampton, Ivan Lansberg
5. IFC (2021). Family Business Governance Handbook.
6. Sharma, P. (2019), Pioneering Family Firms’ Sustainable Strategies
7. Các tài liệu được biên soạn theo đặc thù riêng của từng lớp học.