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Descriptions, Dates and Fees
Overview
| OVER TWO DECADES OF FAMILY BUSINESS RESEARCH AND EDUCATION |
Who
All members of business-owning families as well as senior non-family executives and board members.
What
- Benchmark best practices and broaden your understanding of successful family businesses
- Navigate specific challenges and critical issues in your own family business
- Probe key issues facing family businesses: growth, governance, succession and culture
Duration
6 days as part of the Orchestrating Winning Performance program (OWP/LFB)
4.5 days as a stand-alone program (LFB)
When
If you wish to sign up for the OWP/LFB 1 session (June 24 - June 29, 2012), please go to www.imd.org/owp
Fee 2012
OWP/LFB (June): CHF 12,000; CHF 9,500 for alumni and each additional participant from the same team. Includes participation in OWP.
LFB (October): CHF 10,500; CHF 9,250 for alumni and each additional participant from the same team
Who
Our participants
Leading the Family Business is for all members of business-owning families, including:
- Active and inactive family members
- Spouses and next generation family members
- Senior non-family executives and board members
Team opportunities
For ideal learning benefits, we recommend team attendance - for example family teams of several generations, siblings, cousins and/or key non-family managers. Develop a common approach, a common language and build on this shared approach by sending members to the same program over time.
"The LFB program is the best program anybody involved in Family Business can join. I have attended it twice." Bernd Karstedt, President Diersch & Schroeder GmbH, Germany |
"The lectures by all the professors were excellent. I now have a good idea of what kind of problems I can expect in the future, and feel equipped with useful ideas and tools to solve them. Discussions with participants from all over the world were also very interesting and beneficial." Hisakazu Mike Yokoyama, President Sanmatsu Kogyo Co., Ltd |
"On LFB, you gain an in-depth understanding of the unique qualities and common characteristics of family-run businesses and the issues that confront such organizations. Most importantly, LFB impacts your decisions on the structure and future direction of your business." Saadi Rais, Director Rais Hassan Saadi Group, United Arab Emirates |
"Family Businesses are different. The LFB program is a MUST for anyone wanting to maximize the inherent strengths of a Family Business, whilst understanding that conflict can be positive and must be managed. A truly remarkable insight for all Family Businesses." William Lees-Jones, Director J.W. Lees & Co (Brewers) Ltd, United Kingdom |
"My aim was to try and form a good model for our fifth generation and I have picked up many great ideas and heard some interesting perspectives." Owen Sisk, Director Sisk Group, Ireland |
"Truly fantastic and highly relevant. Finally an organized and well-structured approach dealing with all the challenges facing us as a family and business entity." Henrik Topsoe, CEO Haldor Topsoe Holding A/S, Denmark |
"The peer interaction is probably the most valuable element of the program, but the most interesting conversations were a result of the well-presented and thought provoking courses. Representation from various companies, generations and family/non-family groups made for a plethora of viewpoints that were much appreciated." Shareholder Alex Lee INC., United States |
"LFB has taken our family one important step further on why and how we should strive to develop our family business. Education is one of the keys to our future success." Tore Ulstein, Board Member Ulsmo AS, Norway |
"The key learning points for me were new insights, the exchange with family business members from different cultures, and understanding generational issues better. You see and understand that there is not only one road for you. LFB gives you a helicopter view of your own situation while momentarily taking you away from your daily routine." Managing Director Acta Marine, The Netherlands |
What
Leading the Family Business (LFB) is the longest-running family business program in the world. The program actively helps you expand your knowledge of successful family firms and better understand and navigate specific challenges and critical issues in your own family business. Together we will probe the key issues facing all family businesses: growth, governance, succession and strategy.
LFB gives you insights into:
- The best strategies and governance structures to preserve and grow your family business and wealth
- How to accommodate the growing family within the business by offering more diverse roles
- How family members, non-family managers and board members can add value over generations
The program helps you analyze your business today and reshape it for tomorrow. It is an opportunity to network, share and benchmark with other family firms, all with similar dilemmas. Learn from each other and tap into IMD's long-standing history with some of the most successful family businesses in the world.
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| Program framework |
How
OWP/LFB (June)
Leading the Family Business (LFB) is offered as part of IMD's renowned Orchestrating Winning Performance (OWP) program, a transformational experience providing cutting-edge insights on the hottest management topics. Each morning you will attend the exclusive family business elective, following which you attend sessions with other OWP participants designed to inspire you and drive superior performance.
» Find out more about OWP
LFB (October)
LFB is offered as an intensive and comprehensive stand-alone program for those who prefer to focus solely on the family business.
The process
IMD has been working with family businesses for over two decades, so we know how families learn best, both individually and as a group.
You will learn through practical research material; real-life case studies; best practices from the most successful, multi-generational family businesses around the world; active class discussions; small group workshops; and networking activities with your peers. Classes are highly interactive, our Faculty stimulates and leads meaningful, relevant discussions, and the coursework is demanding, engaging, relevant and fun.
The end result
You will return to your family business with new ideas, action plans and tools to help your business grow and succeed into the next generation and beyond.
Our Faculty
Our Faculty members are recognized world authorities in their fields. Dividing their time between teaching, research and working with international companies, they remain on top of the latest management trends.
You can expect timely, innovative learning activities, materials and content in all IMD programs.
| LFB Program Director |
Joachim Schwass
German
Family Business and Entrepreneurship
PhD University of Fribourg
» Contact
» Biography
» Publications
| LFB Faculty |
Benoît F. Leleux
Belgian
Stephan Schmidheiny Professor of Entrepreneurship and Finance
PhD INSEAD
» Contact
» Biography
» Publications
John L. Ward
American
LFB Guest Lecturer
PhD Stanford University
| LFB Relations |
Lise Moeller
Danish
E-mail: lise.moeller@imd.ch
Tel: + 41 21 618 03 29
Fees and Conditions
In this section, you will find important information on the program fee, application, invoicing, cancellation and transfer. If you have any questions, please do not hesitate to contact our program advisors.
Fee
The program fee (which can be found on the overview page) includes tuition, teaching materials, and lunch on weekdays. Travel or living expenses are not covered. You must settle your own hotel bills, both when in Lausanne and on off-campus assignments, as well as all dinners and lunches on weekends when applicable. IMD reserves the right to modify the program fee at any time.
Tentative reservation
To make a non-binding reservation, send us a completed tentative reservation form. This carries no obligation and is not a substitute for the formal application form.
Application & invoicing
Your application is forwarded to the Program Director who will evaluate it to ensure that the program corresponds to your objectives and profile. This can take approximately 1 week.
The Information & Registration office will notify you of the outcome of your application. If you are accepted, they will send your acceptance letter and invoice fee together by priority mail. From this point, your enrollment will be considered firm by both you and IMD.
Please pay the program fee within 30 days of the invoice date and no later than the commencement of the program. If you register within 1 month of the start of the program, you must settle the invoice immediately without exception.
Payment can be made by bank transfer or credit card.
Up to six weeks before the program start date, a program coordinator will contact you with information on hotels and pre-program preparation. Please note that IMD reserves enough rooms for each participant on the program.
If accepted, you understand that you must be completely free of professional duties while attending this program and that you must attend all scheduled sessions and activities.
| Cancellation & Transfer Policy |
| IMD must be notified in writing of all cancellations and transfers. If you are admitted to a program, but find that you are unable to attend, you have the following cancellation and transfer options: Up to six weeks before program start:
Note: IMD programs tend to be fully booked well in advance. Space may not be available in a later session. |
From six weeks to up to 11 days before program start:
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Within 10 days before program start:
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Substitution
A participant can be substituted on the same program session without incurring any fees. The substitute needs to apply and be admitted.
Note: Once you have paid the program tuition fee, if you do not attend another program within 24 months, the program fee will be forfeited.
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| Cancellation and transfer policy |