Harvard Business School to conduct Exec programme on family biz in India

Aimed at imparting managerial tools for family businesses in India, Harvard Business School (HBS) is conducting a four-day leadership development programme in India this month. The executive education program, Managing Family Businesses for Generational SuccessIndia, will be held from June 24 to 27, 2013 at the HBS classroom, Taj Lands End in Mumbai.

According to HBS, this new leadership development program is created for family businesses operating in varied family, business and ownership stages from diverse industries. It offers tools that business families can use to address issues specific to their own situation in India and other markets.

Family-owned companies face unique challenges in Indias competitive business environment. This program explores topics critical to family-owned companies in India such as succession, ownership control and shareholder relationships. The participants will learn to implement business practices that drive high performance, shareholder loyalty, and healthy family relationships, said John A. Davis, Senior Lecturer of Business Administration and faculty chair of Managing Family Businesses for Generational SuccessIndia.

The program explores various avenues of a family enterprise such as designing strategies to help a family business reach common goal, improve communication and relationships with family members, address conflicts and plans for future success. It will also present an opportunity for participants to maximize their strengths and minimize vulnerabilities of being a family business by exploring four key areas: dynamics of a family business system; growing, preserving and sharing of wealth; governance and succession.

At HBS, we help companies develop the skills they need to get different points of view on the table, sort them out, and negotiate as a family around these issues. When they know what to plan for, how to resolve differences, and how to structure the rules, policies, and decision-making apparatus, then they can keep their families engaged and excited about running the business, said Deepak Malhotra, Eli Goldston Professor of Business Administration at Harvard Business School and faculty member of Managing Family Businesses for Generational SuccessIndia.

According to HBS, the India portfolio of HBS Executive Education programs will be taught by members of the schools own full-time faculty using the HBS case method. Incorporating thought-provoking lectures, case studies on local and global organizations and small-group discussions, this program will also focuses on participation from family teams of individuals representing both genders and two generations.