Creating an Innovation Culture in Family Businesses

family

 

Hubert Rampersad, Ph.D.

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.

In my related online training, I  provide a holistic and authentic framework and specific tools to enable family businesses to effectively create a high performance corporate culture of innovation and integrity, directly aligned with desired business strategy and results. This very practical and highly interactive training is designed to enhance the performance and continuity of family businesses.

Personal Innovation and Personal Integrity

Personal Disruptive InnovationThe starting point of innovative family businesses entails personal innovation. Without personal innovation there is no innovative entrepreneurship. In this training you will also learn how to become visionary, creative, innovative, smarter and become a real innovative entrepreneur, based on his new program “Personal Disruptive Innovation“.

The essence of sustainable innovative entrepreneurial leadership within family companies is personal integrity. You will also integritylearn how to become an ethical leader, based on this program “How to Develop Personal Integrity”. Read also “What Harvard University has not taught you about Sustainable Corporate Governance”.

Sustainable Innovation & Sustainable Design for Circular Economy
Family members must be innovative, creative, smart, integer, empathic and be able to build and implement a culture of sustainable innovation in their organization. In this master class Rampersad will also launch his sustainable innovation model, as shown below. Read “What Stanford, Ven 2Harvard, and MIT have not taught you about Sustainable Innovation”.

Innovative entrepreneurial leaders in family companies must be able to apply Sustainable Design for Circular Economy. In this master class Rampersad will also launch his “Authentic and Holistic Design Thinking Model that Inspires Imagination, Creativity, and Innovation”, as shown below. Read also “What Stanford, Harvard, and MIT have not taught you about Sustainable Innovation and Sustainable Design Thinking“.

Main model voor artikelen

The other ingredients of this unique program will be discussed in the next section of the article. This program is based on my related books “Authentic and Holistic Design Thinking for Personal, Corporate, and Social Innovation; A New Design Thinking Blueprint that Inspires Imagination, Creativity and Innovation” , “Total Performance Scorecard“, and “Authentic Governance”. 3 books

Culture of Innovation, Inclusion, Integrity, Trust, and Love

Our 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 of trust, harmony, peace, love, passion, integrity and innovation  within family companies. Remember what Mother Teresa said: “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 alignmentour own home. Bring love into your home for this is where our love for each other must start“. The culture of trust and love within the family company will be created with this program “How to Develop Employee Alignment and Engagement“.

Family companies need to have a culture of diversity, inclusion and belonging.  I also refer to our article about “how to create a culture of diversity,  inclusion and belonging  in your organization“.vendia 3

This unique 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 Personal Innovation Strategymeaningful way that will strengthen their authenticity, personal integrity, and enhance their effectiveness. With this program “How to Develop and Implement a Personal Innovation Strategy“.

Female Innovative Entrepreneurial Leadership Branding for daughters

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 Innovative Entrepreneurial Leadership” is specially designed for daughters. The current femalegeneration 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 leadership branding program 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.

Family Charter

In this program you will also get help 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. The transfer of leadership of a family business from one generation to the next will be much smoother based on this new approach.

Aligning family members with the company

In this program you will also learn how to realize the best fit between family members alignmentand organization that will result in increased engagement and retention.  I refer to my article “How to Develop Employee Alignment and Engagement”.  Based on this you will also learn how to develop a high performance ethical culture and enhance workforce productivity to meet world class standards. This system energizes people and stimulates engagement, commitment, integrity, and passion within the organization. Based n this they will work smarter and focus on activities that create value for clients.

Key objectives

This online program will ease the transfer from one generation to the next successfully. This training is designed to accomplish several key objectives:

  • 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 that 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.
  • How to develop entrepreneurial leadership skills.
  • How to develop an ethical business culture and strengthen corporate governance.
  • How to manage conflicts effectively.
  • How to align the family corporate goals with the goals of the siblings.
  • How to implement and manage family organizational change effectively.
  • How to 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 this online program: 10 sessions of 1 hour via Zoom plus unlimited online guidance during this year via email.

Training Fee: $750 USD per participant. Email us at tpsi@live.com for information about the dates. Fee includes seminar documentation, PDF copy of Dr. Rampersad’s related book and certificate of attendance.

Trainer: Hubert Rampersad, Ph.D. 

Saudi
7
Please fill out the registration form below if interested.

Hubert Rampersad, PhD

Miami, Florida, USA | tpsi@live.com | phone: +1-7542218946 |whatsapp: +1330315242 | https://bit.ly/2CQLIfS 

https://tpsint.wixsite.com/tpsi/clients

 

Published by Innovation University

info@tua.university

%d bloggers like this: