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Overview
What you will learn
In the The Future Family Enterprise - Sustaining Multigenerational Success course offered by Massachusetts Institute of Technology (MIT) , through interactive classroom sessions, case discussions, exercises, exchanges across families, private discussions within families, and action planning, you and your family will better understand the following and more:
- How family enterprises evolve over generations, and how they succeed in a disruptive environment
- How to remain united as a family and agile as an ownership group
- How to articulate your family’s mission and core values, and how to reinvent them for changing times and the new generation
- How to engage, prepare, and partner with the next generation
- How to manage generational transitions of leadership, ownership, governance, and wealth creation
- How to construct and grow your portfolio of businesses and investments, within and outside of your family business and family office
- How to adapt your organization, ownership, governance, talent, and culture to meet the challenges and opportunities of the future
- How to decide among an array of ownership and capital options for your family company and other investments
- How to design governance of the family, the ownership group, the family company, the foundation, and other organizations in the family enterprise
- How to have a social impact throughout your family enterprise and family
- How to keep your family and family enterprise on the path of long-term success
Programme Structure
The program focuses on:
- How is technology shaping industries and companies, and how must family-owned businesses adapt?
- What are the emerging strategies for capitalizing, owning, and controlling family companies?
- What are the trends in governance of multigenerational companies, offices, ownership groups, and foundations?
- How are families themselves modernizing and remaining united in this mobile, globalized world?
- With Generation X assuming leadership roles and the emergence of the Millennial Generation, how are succession planning and next generation talent development more complex today? How do families prepare for generational transitions in this fast-changing environment?
- What are the latest strategies for steering and sustaining a complex, multigenerational family enterprise, for another generation or more?
Key information
Duration
- Full-time
- 6 days
Start dates & application deadlines
- StartingApply anytime.
- StartingApply anytime.
More details
- Qualified candidates are admitted on a rolling, space-available basis, and space is limited.
Language
English
Credits
5 alternative credits
Delivered
On Campus
Campus Location
- Boston, United States
Disciplines
Project Management View 91 other Short Courses in Project Management in United StatesWhat students do after studying Business & Management
This information is based on LinkedIn alumni data for graduates from 2018 to 2024 and may not fully represent all career outcomes
Total alumni
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Academic requirements
We are not aware of any specific GRE, GMAT or GPA grading score requirements for this programme.
English requirements
We are not aware of any English requirements for this programme.
Other requirements
General requirements
- This Future Family Enterprise program is designed for family teams of four or more individuals from enterprising families around the world.
- It is open to families who own some combination of one or more operating company, family office, private investment company, family foundation, or other organizations or investments controlled by their family.
- Participants include family members in various roles: those in and out of the family company or family office; owners and non-owners; board members; investment committee members; family council and owner council members; senior and next generation members; and lineal descendants and spouses.
- Teams can also include senior non-family executives or board members attending with family members.
Tuition Fees
Tuition fees are shown in and the most likely applicable fee is shown based on your nationality.
-
International Applies to you
Applies to youNon-residents13900 USD / full≈ 13900 USD / full - Out-of-State13900 USD / full≈ 13900 USD / full
-
Domestic
Applies to youIn-State13900 USD / full≈ 13900 USD / full
Living costs
Boston
United States
1560 - 3239 USD / month
The living costs include the total expenses per month, covering accommodation, public transportation, utilities (electricity, internet), books and groceries.
Funding
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