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 demands understanding 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.


Agenda

06 May, 2020
Wednesday
  • 8:00 AM – Onwards

    Registration & Networking

  • 9:00 AM – 10:15 AM

    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.

  • 10:15 AM – 11:30 AM

    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.

  • 11:30 AM – 12:00 PM

    Networking over Tea/Coffee

  • 12:00 PM – 12:20 PM

    Special Address 1

  • 12:20 PM – 1:30 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?

  • 1:30 PM – 2:30 PM

    Networking Lunch

  • 2:30 PM – 2:50 PM

    Special Address 2

  • 2:50 PM – 4:00 PM

    Professionalisation in the Business & How to Leverage Manpower

    Understand how family dynamics complicate the emotional environment of a family business and how the relationships and the family’s reputation can be at stake? Maintain work-family balance and guide inter-personal relationships.

    Technological advancements are impacting every business. Would it work better to retain and re-skill the old employees or hire fresh and skilled talent?

    In addition, family businesses often treat employees – whether family or nonfamily – as family.

    Learn how forming and implementing HR rules and practices can have a positive effect on family firm’s performance.

  • 4:00 PM – 4:15 PM

    Quick Break

  • 4:15 PM – 5:30 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.

  • 5:30 PM – Onwards

    Closing Remarks


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

Gold Package

Platinum Package

Premium Individual Package

  • No. Of seats
  • 1
  • Premium front row tables
  • Lounge lunch with Dr. Ram Charan
  • A book written by Dr. Ram Charan to be handed over by the Guru himself
  • INR 95000/- Register now

*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


Venue :

New Delhi

New Delhi


Do you have any queries?

Drop us a line and we will call you.