It is widely recognized that business families tend to orient decision making around maintaining the control of their firms, which may result in a range of suboptimal decisions. But consider, for example, the Waltons, the Kuoks, or the Queks…Clearly, some business families can amass substantial fortunes, carefully coordinate family wealth, and sustain entrepreneurial vitality across generations.
This course sheds light on the key forces leading small family firms to evolve into some of the most iconic, complex, and diversified organizations in countries around the world. Participants will learn how family businesses can get ready for and navigate today’s and tomorrow’s business and family challenges.
You and your family will better understand the following and more:
- How to set up your goals and establish priorities
- A framework to map family businesses’ growth and its underlying drivers
- How the integration of next-generation members in decision making can foster family businesses’ transformation and growth
Prof. Ambra Mazzelli’s research and teaching focuses on the causes, dynamics, and consequences of organizational change in family firms. Her work has recently appeared in the Academy of Management Review – the most influential business journal worldwide. The article describes the forces driving the evolution of small family firms into some of the most iconic, complex, and diversified organizations in countries around the world.
Assistant Professor of Management and Organizations
International Faculty Fellow at MIT
AREA OF EXPERTISE
Organizational Change, Family Business Management
This course is designed for teams of three (or more) individuals – including family owners, family and non-family executives, and top managers – to allow participants to have crucial conversations together and collaborate on goal setting and long-term planning.