Introduction

Family businesses today employ half the world’s workforce and generate more than half of the global gross domestic product. In India, as much as 71% of the Bombay Stock Exchange capitalisation is contributed by companies run by families, and an even bigger majority of private firms. They are the largest employers and job creators in India. They are more likely to invest and work towards the long-term and are less likely to be carried away by short-term pressures. And yet, it has been observed that:

  • More than 70% of family businesses perish beyond the 3rd generation
  • 8/10 global FMB owners are concerned about the threat from technology advancements
  • 75% of FMB owners believe that a clear sense of values in their business gives them a competitive edge

Led by Dr. Ram Charan, world’s #1 Global Business Advisor to Fortune 500 companies,CEOs, and boards; the Masterclass is developed in close collaboration with leading chairs and key players from the top Indian family managed businesses. The curriculum is built around the 3 key elements that are imperative to the survival of a Family Business today; Leadership, Strategy and Governance.

Leadership in family businesses demandsunderstanding the family, business and workforce, creating a consistent flow of values and vision in every activity, and identification of the potential heir of business to create a legacy based on trust and commitment.

Strategy comprises of transformational changes in the business, necessary to remain relevant and develop a sustainable business.

Good Governance practices can bring professionalization in the business, foster inter-family communication, improve work-family balance and charter family dynamics for overall growth.

A threadbare discussion of these elements can change the direction of the business from downfall, to gaining relevance in today’s market.

Dr. Ram will hand-hold and address your concerns to tackle these destructive, yet surmountable challenges, and will help you be future-ready by creating an alignment that places the Culture, Values, and Goals of the family on the same plane as that of business.

Who should attend?

  • Business Owners, Entrepreneurs, heads of family managed enterprises
  • Start-up Founders, Co-founders
  • Directors and Strategic Decision-makers in the business
  • Independent directors and corporate advisors
  • Young business owners
  • Next-Gen Entrepreneurs
  • Students who want to pursue business as a career

Agenda

3:30 PM onwards
  • 3:30 PM – 3:50 PM

    Registration

  • 3:50 PM – 4:00 PM

    Welcome Address

  • 4:00 PM – 5:00 PM

    SUCCESSION PLANNING: HOW TO PREPARE THE NEXT GENERATION TO LEAD THE FAMILY BUSINESS? OR SHOULD ONE LOOK OUTSIDE?

    While only a few FMBs survive beyond the 3rd generation, a number of factors conspire to create this challenge. For start, families are informal. Unlike businesses, that are mostly formal, it is difficult to recognise ambition, capability and readiness of the potential heirs to take up a senior management role. Knowing when to begin the generational transfer is another challenge. It has no clear starting point and becomes even more confusing when there are multiple heirs.

    The decision to continue to manage the business internally or bring in CEOs and Presidents who understand the family values and need of the market is crucial to evaluate the future path of the business.

    By Dr. Ram Charan

  • 5:00 PM – 5:20 PM

    Special Address

    By Dr. Sangita Reddy, Joint Managing Director, Apollo Hospitals Enterprise Ltd.

  • 5:20 PM – 6:20 PM

    LEVERAGING GOVERNANCE AS A TOOL FOR GROWTH

    It is imperative for every family managed/owned business to understand the importance of Governance/advisory boards. Good governance practices strengthen companies by building relationships among investors, boards of directors, managers, and employees. Implementing corporate governance guidelines allows businesses to obtain capital at lower cost, enhances business strategy, and attracts the best human capital.

    Effective corporate governance also helps ensures the integrity of business operations and strengthens the rule of law and democratic governance by promoting values of accountability and transparency.

    By Dr. Ram Charan

  • 6:20 PM – Onwards

    End of Day 1

DAY 2
3:30 PM onwards
  • 3:30 PM – 3:50 PM

    Registration

  • 3:50 PM – 4:00 PM

    Recap of Day 1

  • 4:00 PM – 5:00 PM

    GAME THEORY: TRANSFORM YOUR BUSINESS INTO A FUTURE READY GLOBAL EMPIRE OR EXIT?

    To remain relevant in the market, global competition and rapid changes in technology & markets have created the necessity to build transformational capabilities in family businesses. How should one go about planning for these transformational changes? Can this be done by bringing a radical shift in the value, culture, structure, and routines and understand the ‘how to do business’ aspect of an organisational system? Or should new frontiers be explored?

    At the same time, it is important to factor in that every business has a natural lifecycle, with inflection points – including exits and transitions. Exit strategies aren’t just about getting out – they’re about putting in place the plan that will give your family the best chance of benefitting from your work.

    How does one pick the right option that works best for their business?

    By Dr. Ram Charan

  • 5:00 PM – 5:20 PM

    Special Address

    By Dr. Lalit Khaitan, Chairman & MD, Radico Khaitan

  • 5:20 PM – 6:20 PM

    FAMILY CHARTERS: IMPORTANCE

    Families that draft an effective charter capture important benefits, both tangible and intangible. A well-drafted charter can, for example, facilitate a smooth process for leadership succession—a very tangible benefit. Failing to establish and codify a formal plan for succession may produce disastrous consequences for a family business.

    Learn how to master the art of designing family charter and how to define specific goals that are critical for the growth of your business as well as the members of your family.

    By Dr. Ram Charan

  • 6:20 PM – Onwards

    Closing Remarks

DAY 1

Trainer

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Dr. Ram Charan

Global Business & Leadership Consultant,

Keynote Speakers

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Dr. Lalit Khaitan

Chairman & MD, RadicoKhaitan
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Dr. Sangita Reddy

Joint MD, Apollo Hospitals Enterprise Ltd.

Want to be part of it?

VCC Events opens up the avenues for participation. Join hands to be a part of India’s largest gathering of alternative investments leaders, industry stakeholders and Asia’s influential limited partners, general partners and marquee advisors. Your chance to actively participate and augment yourself as thought leaders.


Register

Individual Ticket

*Only one offer will be valid at a time. For any query, please reach us at training@vccircle.com, +91-9560888566 / +91-120-4171111

Cancellation Policy:

Refund and Substitution Policy (Differ from one programme to other, please read carefully): No refunds will be granted for cancellations made within 15 days of the workshop. Those delegates, who have confirmed and do not attend, are liable to pay the full course fee and no refunds will be granted. Cancellation fee of 50% will be applicable 30 days prior to the workshop. Cancellation fee of 25% will be applicable up to 45 days prior to the workshop. Company reserves the right to amend content, expert, policy, venue & date(s) of the workshop. Participants will be refunded the registration fee in full in case the workshop gets cancelled. In case of refunds or cancellation mentioned above - the inward and outward Forex transaction cost (s) and currency fluctuation differential will be charged while accounting for the refund. Company assumes no liability for any costs including transportation, hotel reservations or any other costs incurred by participants in the event of cancellation.

Substitution Policy:

Substitutions within a company are permitted through the workshop/training date, request must be by email to training@vccircle.com


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