How to Enhance the Performance and Continuity of Family Businesses

familybusinesses

  • How to manage family businesses effectively in a professional and result oriented way.
  • How to enhance the competitiveness of family businesses in a sustainable way by putting employees first, customers second and shareholders third.
  • How to create a climate of trust, harmony, peace, love, passion, integrity and performance within family companies. 
  • How to transfer leadership of a family business from one generation to the next effectively.
  • How to prevent a crisis of succession.
  • How to empower the next generation effectively to carry things forward successfully.
  • How to draft a successful family charter which sets out the family’s vision, mission, core values, and ethics and align this with the family business’s vision, mission, core values, and corporate governance code of ethics.

For example; Research shows that there are billions usd frozen in family businesses in the Middle East because of disputes between the siblings of the families after the death of the founders of the company. These disputes also cause the family-owned companies  to collapse or failure. About 98 percent of the companies operating in the Gulf Cooperation Council (GCC) are family-owned firms. About 33% of these companies are run by the second generation of the family, 15% are managed by the third generation of the family and only 4% of the companies are operated by the fourth generation of the family. There is a need for continuity of family businesses because these companies’ contribution  to the GDP is about 22-30% percent. Family businesses should therefore be managed in a more professional, innovative and humanized way and by strengthening the entrepreneurial leadership skills of the next generations. Prof.Dr. Hubert Rampersad’s worldwide recognized transformational entrepreneurial leadership and change management program –TOTAL PERFORMANCE SCORECARD & AUTHENTIC GOVERNANCE – provide a holistic and authentic framework and specific tools to enable family businesses to effectively create a high performance corporate culture, directly aligned with desired business strategy and results in a sustainable way. This very practical and highly interactive training is designed to enhance the performance and continuity of family businesses. 

employee first

This innovative and unique system will help enhance the competitiveness of family businesses by putting employees first, customers second and shareholders third. It will also help create a climate trust, harmony, peace, love, passion, integrity and performance within family companies. The transfer of leadership of a family business from one generation to the next will be much smoother based on this new approach. This system also focuses on the development of the self-awareness and help manage the emotions of the next generations, by coaching them to understand themselves and develop their self-responsibility, providing them the tools to manage themselves effectively and introducing ways to  enhance the performance of their organization organically, based on effective teamwork. They will get in touch with themselves in a deep and meaningful way that will strengthen their authenticity and enhance their effectiveness. This unique approach also creates harmony, peace and trust between the siblings of the families and a stable basis for the continuity of family businesses. Until recently, a family business would follow the law of primogeniture – that is, it would be passed down to the oldest son. Nowadays, succession is possible via daughters, as well. This program “Female Entrepreneurial Leadership Branding” is specially designed for daughters. The current generation is not necessarily following in the footsteps of the previous one, instead choosing to follow their own career paths (which may not involve working in the family business). This training will help them to make the right choices in their life, based on their dreams and align these with their passion. It will also focus on empowering the next generation effectively to carry things forward successfully and passing on the torch correctly to enable a smooth transition. We will also help you draft a successful family charter which sets out the family’s vision, mission, core values, and ethics and align this with the family business’s vision, mission, core values, and corporate governance code of ethics. This is based on Dr. Rampersad unique Authentic Governance system, which has just been published globally. Check this article: “Why Traditional Corporate Governance Implementations Fail and Lack Sustainability”. ———————————————————————————- “It is easy to love the people far away. It is not always easy to love those close to us. It is easier to give a cup of rice to relieve hunger than to relieve the loneliness and pain of someone unloved in our own home. Bring love into your home for this is where our love for each other must start”.—Mother Teresa “Family is the root of all that is good in our lives”.-– Ivana Trump ——————————————————————————- h During this 2 or 3-day in-house  Training Prof.Dr. Hubert Rampersad will also help you to utilize his unique TOTAL PERFORMANCE SCORECARD & AUTHENTIC GOVERNANCE method to realize the best fit between family members and organization that will result in increased engagement and retention. You will also learn how your company will develop a high performance ethical culture and enhance workforce productivity to meet world class standards. Dr. Rampersad’s change management system energizes people and stimulates engagement, commitment, integrity, and passion within the organization. They work smarter and focus on activities that create value for clients.  He is frequently being asked globally to act as a neutral and trusted family business consultant who can help you ease the transfer from one generation to the next successfully. This training is designed to accomplish several key objectives:

  • Manage family businesses in a professional, result oriented way.
  • Enhance the competitiveness of family businesses in a sustainable way by putting employees first, customers second and shareholders third.
  • Create a climate of trust, harmony, peace, love, passion, integrity and performance within family companies.
  • Transfer of leadership of a family business from one generation to the next effectively.
  • Prevent a crisis of succession.
  • Empower the next generation effectively to carry things forward successfully.
  • Draft a successful family charter which sets out the family’s vision, mission, core values, and ethics and align this with the family business’s vision, mission, core values, and corporate governance code of ethics.
  • Develop entrepreneurial leadership skills.
  • Develop an ethical business culture and strengthen corporate governance.
  • Managing conflicts effectively.
  • Aligning the family corporate goals with the goals of the siblings.
  • Implement and manage family organizational change effectively.
  • Practice change leadership and personal skills that make it easier to foster buy-in to change across the family company.

Who should attend This unique and highly practical and interactive in-house training has been specially designed and customized for founders/owners, senior executives and managing directors and family members of family businesses. and dimensions indicate the organization’s maturity compared with that needed for management excellence.

Duration of the program: 1 day, 2 days or 3 days

Training Fee: Email us at info@iusv.university for information about fee, dates and location. Fee includes seminar documentation, signed copy of Dr. Rampersad’s book and certificate of attendance from the Innovation University of Silicon Valley in California.

In-house: This practical workshop can be conducted in-house. We tailor the training according to your needs and requirements.

Follow up: This master class entails 3 CREDITS POINTS for enrollment in our MBA/PhD degree program.

This training is based on the bestselling management books by Dr. Hubert Rampersad 
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Total Performance Scorecard; Redefining Management to Achieve Performance with Integrity .   With a Foreword by Professor Dorothy Leonard, Harvard Business School Endorsements: “Hubert Rampersad has amassed and synthesized a huge amount of material . . . The book serves as a practical guide, in that there are numerous exercises and business illustrations.”—From the Foreword by Dorothy A. Leonard, The William J. Abernathy Professor of Business Administration, Harvard Business School.  

“Hubert Rampersad takes the balanced scorecard and other management ideas and puts them in a framework of personal integrity. By unifying organizational change strategies with individual ethics he has written an outstanding synthesis, which is addressed to the corporate challenges of managing in the 21st century.”—Paul Bracken, Professor of Management, Yale School of Management

“Hubert Rampersad’s Total Performance Scorecard is management technology for the enlightened age. Rampersad beautifully explains how anyone can apply principles of motivational alignment and individualistic scorecard techniques to engineer an organization for continuous learning.”—Dr. James O’Toole, Massachusetts Institute of Technology

Peter Senge broke the mindset barrier and showed how systems thinking and system change are essential to support individual development. The strength of TPS, however, is that it measures personal development in the context of organizational development. This highly interactive process creates the foundation for dynamic change where everyone can benefit from constant learning and improvement. Dr. Rampersad’s brilliance lies in bringing Peter Senge’s ideas of system symbiosis into alignment with ideas of personal ambition, vision and mission. When leaders can accurately measure true performance – low, average or outstanding – it is possible for the ideal to become a reality. ”.–George A. Kohlrieser, Professor of Leadership & Organizational Behavior IMD, Switzerland

“The United States Air Force is trying to become more accountable for performance using the Balanced Scorecard method, but I like the way Dr. Hubert Rampersad has tied the BSC to a Personal Balanced Scorecard. It’s almost like Kaplan & Norton meet Stephen Covey”-  Bob Marx, United States Air Force

“Total Performance Scorecard is a thorough, systematic, and integrated approach to individual and organization success. It synthesizes and extends personal, leadership, and organization theories of change and success. It offers managers tools to do a complete physical for their organization and it offers individuals an encyclopedia of knowledge about personal success.”—Dave Ulrich, Professor of Business, University of Michigan, ranked as #1 management educator and guru by Business Week, #2 among management thinkers by Executive Excellence, and listed by Forbes as one of the “world’s top five” business coaches.

“Hubert Rampersad is one of the great thought leaders that is both helping organizations increase effectiveness and helping people have better lives. He is helping make the world a better place, and is one of the few consultants who look at the entire picture – not just a small part.”  —Marshall Goldsmith, recently recognized as the #1 leadership thinker in the world at the bi-annual Thinkers 50 ceremony sponsored by the Harvard Business Review.

 Outcomes When Implementing

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Innovation University of Silicon Valley

Innovation University12 S. First St., San Jose, CA 95113, USA

Tel: +1-786-537-7580 | info@iusv.university | http://www.iusv.university

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