Singapore University of Social Sciences

Dates: 29 & 30 October 2024
Level: Intermediate
Duration: 2 days
Venue: Singapore University of Social Sciences

Synopsis

The 2-day workshop in Singapore aims to provide a comprehensive framework and actionable tools for immediate implementation, addressing key challenges and decision-making processes. It combines the shared experiences of facilitators who have worked with business families as family advisers with insights into legacy planning and succession matters for business families.

The workshop emphasises the importance of gaining invaluable insights from seasoned professionals in the family business field and reflecting on the learnings and insights gained from the workshop.

Course Objective

This workshop aims to empower participants with critical knowledge, capabilities, skills and insights to manage and elevate family offices operations. 

Who Should Attend

• Family business founders
• Active generation – currently engaged in the family business
• Aspiring generation – seeking to join the family business
• Family members not participating in the business
• Non-family member senior employees within a family business

Topics

• Evolution of the Family Business
• Understanding the Family through a Genogram
• Family Conflicts and Conflict Resolution Techniques
• Family Capital and Balance Sheet
• Development of Family Policies, Councils and Relationships.
• Responsible Ownership: Shareholders, Legacy Planning and Family Office

A. Knowledge and Understanding (Theory Component)

By the end of this course, you should be able to:

• The workshop, led by practicing family advisors and consultants, centers on identifying actionable takeaways for immediate implementation and long-term planning in family businesses. It incorporates a blend of well-documented research and practical insights.
  
• Emphasis is placed on tools for sustaining a healthy family, such as the Family Balance Sheet and qualitative capital assessment, to preserve and enhance family wealth across generations.

B. Key Skills (Practical Component)

By the end of this course, you should be able to:

• Highlighted are strategies for improving family relations and communication, along with understanding and implementing governance structures, for continuity and unity within the family business.
  
• A key component of the workshop insights is responsible ownership, including educating family owners and addressing ownership succession challenges.
  
• The workshop provides strategies for reflecting on learnings, navigating complex family dynamics, and developing implementation strategies within the family business.

Schedule

Time	Agenda
Day 1
09:00 - 10:30	Understanding the framework of successful family businesses and aligning family values with business goals for continuity and success.
10:30 - 10:45	Break
10:45 - 12:00	Managing family conflicts and implementing tools and techniques for conflict resolution within the family business
12:00 - 13:00	Lunch
13:00 - 15:30	Developing family policies, conducting family meetings and councils to foster cohesion and unity, and sketching out the family and business tree to understand roles and relationships.
15:30 - 15:45	Break
15:45 - 17:30	An assessment of the qualitative family capital of the business family with participants.
Day 2
09: 00 - 09:30	Gaining insights from facilitators  in the family business field and identifying actionable takeaways for immediate implementation and long-term planning.
09:30 - 10:30	Strategies for tackling challenges and making informed decisions for family business success, including wealth transition and legacy planning.
10:30 - 10:45	Break
10:45 - 12:00	Learning from peer experiences and insights on ownership and succession.
12:00 - 13:00	Lunch
13:00 - 15:30	Developing implementation strategies within the family business based on workshop insights.
15:30 - 15:45	Break
15:45 - 17:30	Planning for the legacy of family ownership and business continuity Assessment
16:30 - 17:30	Assessment, Feedback, & Review

Networking Dinner - details to be confirmed

*SUSS reserves the right to change the course dates, topics and trainers.

Assessments

• Short Answer Questions
• Case-study with Questions

.

Requirements

• Participants with basic knowledge and experience or keen in the field of managing various functions within the family business.

 

Certification

Participants who successfully complete the workshop will be awarded with “SUSS-Deloitte Family Business” certification.

Logistics

Overseas participants to bear the flight tickets, insurance, accommodation, airport transfer and meals.

Course Fee

• Participants are required to achieve at least 75% attendance and pass any prescribed examinations/assessments or submit any course/project work (if any) under the course requirement.

• Participants are required to complete all surveys and feedbacks related to the course.

• The course fees are reviewed annually and may be revised. The University reserves the right to adjust the course fees without prior notice.

• Singapore University of Social Sciences reserves the right to amend and/or revise the above schedule without prior noti

 

For clarification, please contact the SUSS Academy via the following:

Telephone: +65 6248 0263
Email: [email protected]