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Who
You are a member of a business-owning family or a senior non-family executive or board member.
What
- Understand family business challenges and how to manage critical issues
- Probe key issues facing family businesses: growth, governance, succession and culture
- Benchmark best practices and network to broaden your understanding of successful family businesses
Duration
Leading the Family Business is offered in two formats:
- 6 days as part of the Orchestrating Winning Performance program (OWP/LFB)
- 4.5 days as a stand alone Leading the Family Business program (LFB)
Dates 2012
June 24 - June 29, 2012
October 21 - October 25, 2012
Dates 2013
June 23 - June 28, 2013
October 20 - October 24, 2013
If you wish to sign up for the OWP/LFB session (June 24 - June 29, 2012), please go to www.imd.org/owp
Fees 2012
June session: CHF 12,000; CHF 9,500 for alumni and each additional participant from the same team. Includes participation in OWP.
October session: CHF 10,500; CHF 9,250 for alumni and each additional participant from the same team.
Our participants
The Leading the Family Business program is for:
- Members of business-owning families - active and inactive
- Senior non-family executives and board members
- Spouses and next generation family members
We recommend team attendance for ideal learning benefits:
- Two or more generations
- Siblings
- Cousins
- Key non-family managers attending with family members
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“The LFB program is the best program
Bernd Karstedt, President |
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"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 |
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“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
Saadi Rais, Director |
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“Family Businesses are different.
William Lees-Jones, Director |
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"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 |
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"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 |
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"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 |
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"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 |
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"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 |
What
Leading the Family Business (LFB) is the longest-running family-business program in the world. The program broadens your understanding of successful family firms and helps you to better understand challenges and manage critical issues in your own family business. We probe the key issues facing family businesses: growth, governance, succession and culture.
- Are your current strategies and governance systems operating effectively?
- Do you have the right succession plans in place?
- Is the next generation prepared for ownership and leadership?
- Do you focus more on your strengths or weaknesses?
LFB 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 business dilemmas. Learn from each other and tap into IMD’s long-standing history with some of the most successful family businesses in the world.
By attending LFB, you will discover:
- 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 to add value over generations, by family members, non-family managers and board members
- How to benchmark: Are you doing the right things and doing things right?
How
Leading the Family Business program is offered in two formats:
OWP/LFB June
For those who wish to combine the benefits of Leading the Family Business with an overview of the latest thinking on a wide spectrum of general management and personal development issues, LFB is offered as part of IMD’s renowned Orchestrating Winning Performance (OWP) program. In the mornings there are sessions exclusively for family business participants; in the afternoons you will attend sessions with other OWP participants.
LFB October
For those who want to focus entirely on the family business, an intensive and comprehensive 4.5 day program is offered in October.
Best practice
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.
The coursework will be demanding, engaging, relevant and fun.
The process
IMD has been working with family businesses for over two decades, so we know how families learn best, individually and as a group. Classes are highly interactive and our Faculty stimulates and leads meaningful, relevant discussions among participants.
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. They divide their time between teaching, research and acting as consultants to 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.
Joachim Schwass |
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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 LFB program fee (which is mentioned 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.
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. |
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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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Your next step
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Call program advisor: +41 (0)21 618 0700 |
