Leading Family Business Re-generation
London Stock Exchange headquarters and Borsa Italiana head office
Business models for family firms re-generation: a blended course to effectively leverage tradition to boost innovation and sustain long-term success.
Overview and Course objectives
The value of a family business goes well beyond purely financial measures, encompassing a broad spectrum of socio-emotional aspects such as the family’s history, identity and tradition, the ability to exercise family authority and influence, the family image in the community, and the perpetuation of the family name.
This “socioemotional wealth” constitutes the foundation of competitive advantage and long-term success of many family businesses around the world. However, it also presents family firms with special challenges and trade-offs that often limit their ability to grow.
These issues become especially difficult when family firms consider capital market financing. On one hand, going public can be a unique opportunity to reduce debt, finance growth and diversify the family’s financial wealth; on the other, family firms going public encounter the risks of diluting family control, increasing employment and compensation risks for family managers and weakening the identity linkages between the family and the business.
The blended programme is designed to equip owners and managers of private family firms with an in-depth understanding of how to approach equity markets and how to strike the right balance between tradition and innovation in their own expansion strategies.
Using case studies and interactive group exercises, the course will give delegates fundamental models and tools to effectively leverage the family business tradition to build competitive advantages, innovate and grow.
Who should attend
The course is specifically designed for the main players in the family business, including:
- family shareholders
- family and non-family executives
- next generation family members
- private bankers
- professional service providers who specialize in the family business sector.
The list will include world-leading business leaders and professionals showcasing real examples and best practices at the forefront of family business management and thinking.
Massimo Mercati, Second generation CEO at Aboca.
Nicolò Pellini, Head of Management Control Systems, third generation leader at Pellini Caffè.
Airaldo Piva, CEO at Hengdian Group Europe.
Alexandre La Cunha, Senior family business advisor and second generation board member at the family business group Dias da Cunha.