Massachusetts Institute of Technology (MIT) Multiple locations
Boston , Massachusetts , United States
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Featured byMIT Professional Education
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
Disciplines
Project Management Business Administration View 298 other Short Courses in Business Administration in United StatesAcademic 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.
Student insurance
Make sure to cover your health, travel, and stay while studying abroad. Even global coverages can miss important items, so make sure your student insurance ticks all the following:
- Additional medical costs (i.e. dental)
- Repatriation, if something happens to you or your family
- Liability
- Home contents and baggage
- Accidents
- Legal aid
We partnered with Aon to provide you with the best affordable student insurance, for a carefree experience away from home.
Get your student insurance nowStarting from €0.53/day, free cancellation any time.
Remember, countries and universities may have specific insurance requirements. To learn more about how student insurance work at Massachusetts Institute of Technology (MIT) and/or in United States, please visit Student Insurance Portal.
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 Fee
To always see correct tuition fees
-
International
42000 USD/fullTuition FeeBased on the tuition of 42000 USD for the full programme during 6 days. -
National
42000 USD/fullTuition FeeBased on the tuition of 42000 USD for the full programme during 6 days.
- $8,000 for each additional person beyond the 4-person team.
Living costs for Boston
1560 - 3239 USD /month
Living costs
The living costs include the total expenses per month, covering accommodation, public transportation, utilities (electricity, internet), books and groceries.
Funding
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