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Who should attend

The Next Generation (TNG) is for young family members, those already involved, and those who have been identified as potential next leaders in the management, ownership or governance of their family business.

Program benefits

Lead and ensure the success of your family and family business in the future:

» Get ready to move into an active role in your family business, family governance or family office
» Develop your leadership skills
» Explore best practices and understand how global businesses operate
» Feel confident about your contribution to your family institution


Two modules of two weeks each, one at IMD Lausanne and one at IMD Singapore. You may start with either module. Pre- and post-program support is included.


Fee 2017

CHF 30'000.-
This fee includes both the Lausanne and Singapore modules.

Not available

The Next Generation is for young family members between 28 and 40 years old, those who are already involved, and those who have been identified as potential next leaders in the management, ownership or governance of their family business. Prior work experience is required. If you would like to join the program, and have relevant experience but fall outside of this age range, please contact the Program Directors.

Sometimes we need to step back from day-to-day work and come back to the classroom. The Next Generation from IMD provides great business knowledge, delivered by excellent Faculty, and case studies we can relate to for future decision-making. Madhavkrishna Singhania Special Executive | JK Cement Ltd | India
Great experiences don't happen every day, but when they do, they stay with you forever. That's what The Next Generation program at IMD brings you. Saad Al Rajhi Partner | Al Rahji Holdings | Kingdom of Bahrain
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Are you a next generation young person stepping into a leading role in your family's own:

» business?
» business board?
» owners' board?
» family council?
» family foundation?
» family office?

Are you looking for an opportunity to develop your potential as a future global leader in the specific and complex environment in which family organizations operate? The Next Generation (TNG) addresses the needs of young people who will lead and ensure the success of their families and family businesses in the future. The program prepares you to take on a senior role in any part of the governance system - ownership, business or family.

A general management program geared to the needs of the next generation of families in business

Building on IMD's joint expertise in global leadership and family business, the program provides you with a comprehensive overview of business management best practices from the perspective of family businesses. We delve into leadership, strategy, marketing, finance, entrepreneurship, philanthropy, and emphasize - personal development and the application of what you learn to your personal context - throughout the program.

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Program structure

The program is structured round four main pillars:
- Family business
- Entrepreneurship
- Innovation
- Leadership

You participate in two on-campus modules of two weeks, one at IMD Singapore which focuses on your business from the board perspective, and the other module at IMD Lausanne, which focuses on your business from the management perspective. You can start with either module. In between modules you work on an individual or family team project to apply your learning with the support of a personal mentor. Pre- and post-program support ensure you get the most out of your experience both during and after the program.

Program topics include:
The program employs a range of teaching methods, all grounded in real-world experience and hands-on research: classroom learning, group discussions, (live) case studies, debates, guest speakers, action learning and coaching.

Leading from the Board - IMD Singapore
» Governance and strategy
» Family office and family council
» Philanthropy and ethics

Leading from the Core - IMD Lausanne
» Strategy and industry analysis
» Finance and competitiveness
» Marketing and branding

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.

TNG Program Co-directors

Denise H. Kenyon-Rouvinez Swiss - American The Wild Group Professor of Family Business Ph.D., HEC Lausanne

Benoit F. Leleux Belgian Stephan Schmidheiny Professor of Entrepreneurship and Finance PhD INSEAD

TNG Faculty

Arturo Bris Spanish
FinancePhD in Management INSEAD, MS in Finance, law and economics
Universidad de Madrid

Albrecht Enders Strategy and Innovation
PhD Leipzig Graduate School of Management

Charles Dhanaraj American and Indian
Strategy and Global Leadership PhD, Ivey Business School, Western University

Martha Maznevski Canadian
Organizational Behavior and International Management PhD University of Western Ontario

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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.


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:

  • Cancellation: You receive a full refund of the program fee.
  • Transfer: You may transfer to the next available session with no transfer fee.

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:

  • Cancellation: You incur a 50% cancellation fee.
  • Transfer: You incur a 20% transfer fee.

Within 10 days before program start:

  • Cancellation: You incur a 100% cancellation fee.
  • Transfer: You incur a 100% transfer fee.


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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The Next Generation

Developing young leaders in family business and governance

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The Next Generation