Introduction

Family Business Culture (FBC) and Family Values (FV) are two frameworks that always “go hand in hand” and remain “consistent” throughout the family–business relationship. FBC is the set of values, beliefs, norms, and behaviours shared within both the family and the company, with the business at the centre. Meanwhile, FV refers to the core principles of the family, such as loyalty, responsibility, sacrifice, trust in education, or ethics in business placing the “family framework” as the foundation For a family business to shape its cultural identity and family values, it must apply the right strategies and tools with persistence so that they become the foundation that sustains the legacy across generations. Many studies describe culture and values as a living tradition, a spiritual legacy, or even a sacred trust within family businesses.

The Culture and Values in Family Business course is designed to clarify cultural and value frameworks and to guide the design of “tools” and “methods” that ensure culture and values are preserved and passed down through generations.

Key benefits of the program for family businesses include:

1. Identifying and deeply understanding the layers of culture and values in family businesses.
2. Distinguishing between family culture and business culture.
3. Designing strategies to preserve and transfer values across generations.
4. Developing the ability to live by, apply, and strengthen values to serve business strategies.
5. Creating specific mechanisms (systems, behaviours, rituals) to safeguard and renew sacred culture.

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. Understanding the Family Business: Exploring the Differences Between Family and Nonfamily Businesses
3. Generation to Generation: Life Cycles of the Family Business. Authors: Kelin E.Gersick, John A. Davis, Marion McCollom Hampton, Ivan Lansberg
4. Succeeding Generations: Realizing the Dream of Families in Business.Author:Ivan Lansberg
5. Developing Next Generation Leaders for Transgenerational Entrepreneurial Family Enterprises. Authors: Pramodita Sharma, et al.
6. Aronoff & Ward (2016) – Family Business Values: How to Assure a Legacy of Continuity and Success
7. Miller & Le Breton-Miller (2005) – Managing for the Long Run
8. Denison (2004). Family Culture and Firm Performance
9. Sharma (2008). Family Constitution Framework
10. Tom Hubler (2018) “The Role of Family in Family Firm Culture”
11. Zellweger et al. (2010) “The Role of Family in Family Firm Culture”– Journal of Family Business Strategy
12. Miller, Steier & Le Breton-Miller (2003) “How Stories Drive Family Firm Culture”
13. Sorenson (2013) “the importance of values in family business succession” – Family Business Review