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Leading and Transforming Family Businesses—China

According to one Chinese proverb, “wealth does not go beyond three generations.” As family businesses in Greater China reach new growth stages, each leade renvisions a proud future: afirm with an expanded scope that succeeds in delivering value and creating wealth for many generations to come. But the strategies that helped to drive profits and mitigate risk in the past will not be sufficient to transform that future vision into reality.To overcome their challenges and sustain success, leaders must transform their family firms—strengthening governance, increasing innovation, and designing sound growth strategies that take advantage of local and global opportunities.
This new program—jointly offered by Guanghua School of Management, Peking University; SaïdBusiness School, University of Oxford; and Harvard Business School—will help you overcome the strategic and organizational challenges facing today’s family businesses in Greater China. Exploring best practices from family firms in China and around the globe, you will improve your ability to build competitive advantage, optimize organizational performance, execute smooth leadership transitions, and create a stronger family business. 
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  • Programme Information
MAR–JUL 2017
17-22 MAR 2017– Module 1 (Guanghua School of Management, Peking University, Beijing, China)
14-19 MAY 2017– Module 2 (Saïd Business School,University of Oxford, Oxford, UK)
9-14   JUL  2017– Module 3 (HBS, Boston, MA, USA) 
Who’s Right for the Program
Leading and Transforming Family Businesses—China is ideal for established Chinese family-run businesses from any industry that are reaching milestones in their growth and are seeking new strategies for long-term success. Individuals and teams from family-run businesses with Chinese origins, operating in Mainland China, Hong kong, Taiwan, or overseas, are encouraged to apply.
What You Can Expect
Leading and Transforming Family Businesses—China draws on the experience and expertise of faculty from three distinguished universities to explore the strengths of family businesses and best practices for growth in China and around the world.
Faculty with deep family business expertise will guide you through a comprehensive curriculum focused on strengthening Chinese family businesses. Through the program’s three-module format, you will have the opportunity to experience the best teaching from three universities in a truly global context.
The program has been carefully designed to help you build on past success, overcome obstacles, and develop strategies to ensure that your business prospers in the years to come. Specifically, you will develop your ability to:
• Recognize and address the specific challenges associated with family-owned and family-managed businesses in Greater China—from  governance to diversification to planning and executingfirst-time generational transitions
• Formulate effective strategies for achieving common goals, addressing conflicts within and across generations, and planning for the family’s future
• Implement structures and processes that lead to high-performance companies
• Respond effectively tovolatile and uncertain economic, political, and market conditionsin China and around the world
• Innovate to build competitive advantage in a global context
• Design growth strategies that take full advantage of the business’s strengths while minimizing its vulnerabilities
• Develop organizational leadership to meet the challenges facing today’s family businesses
Your Course of Study
Examining conditions at many levels—globally, in China, in your business, and in your family—the program expands your capacity to strengthen the foundations of your family business and to design effective growth strategies. 
Taught in both Chinese and English with simultaneous translation, the intensive curriculum blends case studies, faculty lectures, field-based learning, and guest speakers to illuminate the opportunities facing your family business. While the program includes concepts, issues, and solutions drawn from businesses around the world, the curriculum is specifically designed to address the needs of family firms in Greater China. 
Learning that Leads to Action 
While family businesses have a great deal in common, each business faces unique challenges that require tailored solutions. Working individually and with expert faculty and peers, you will identify the most important challenges facing your own family business, begin to formulate strategies for overcoming those challenges, and create a practical action plan you can implement immediately. 
Insights from Leading Universities Around the Globe 
The program is taught in three one-week modules in three different locations. 
Each module emphasizes certain aspects of the family business challenge.Key program themes woven throughout the three modules build on one another to expand your understanding of best practices. 
Module 1: Foundation for Success—Characteristics and Governance of Chinese Family Business
Guanghua School of Management, Peking University (Beijing, China)
During the past three decades, many family firms have become vibrant elements of the Chinese economy. In this first module, you will explore features of a typical family business, analyze issues that frequently arise, and begin to examine how successful family firms have addressed those issues. In the process, you will use insights from those explorations to assess your own company’s strengths and weaknesses, consider plans for stabilization and growth, and refine and articulate aspirations for the future.
The Essentials of a Family Business—Globally and in China
• Examining core characteristics of any family business
• Addressing issues of family versus professional management
• Understanding how China’s family firms are similar to and different from family firms elsewhere
Navigating Changing Political and Legal Environments in Today’s China
• Understanding the evolution of the family enterprise in China
• Responding to China’s new macroeconomic and political conditions
• Designing optimal strategies for growing a family business in the midst of a changing political and economic climate
Governance, Management, and Succession in Chinese Family Firms
• Developing constructive relationships and managing generational conflict
• Creating policies and plans for the family’s involvement with the business
• Building effective governance and management structures for business and family
• Balancing the financial needs of the business and the family
• Preparing for the predictable stages of the family business system
• Managing leadership succession: an introduction
Module 2: Innovating Across Borders: Growing the Family Business in a Global Setting
Saïd Business School, University of Oxford (Oxford, UK)
Family firms in China are entering a new stage of maturity as local and global economies undergo rapid change. This module examines how businesses innovate across borders, both organizational and geographic. You’ll explore how to increase success for your family firm by recognizing its intrinsic advantages and bolstering its capacity for innovation—within the firm and with partners—to build new market opportunities. 
Navigating the Market and Non-Market Environment
• Leveraging innovation opportunities and challenges for a family business
• Understanding how your business has been shaped by the geographies where you operate—and by your family
• Analyzing how the supporting institutional environment and ecosystem impact the resources of family firms
• Designing strategies that maximize the advantages of your home base while minimizing the weaknesses
• Serving existing markets versus building new market opportunities
Understanding and Innovating in Global Value Chains
• Capturing profits in global value chains
• Developing resources and organizational structures that foster competitive advantage
• Building and managing productive partnerships including mergers and acquisitions
Organizing for Global Expansion
• Developing effective strategies for going global
• Designing strategies for different markets—standardization versus adaptation
• Attracting and retaining talent
• Managing risk internationally
• Executing successful overseas acquisitions
Module 3: The Future: Transitioning the Family Business for Sustained Growth
Harvard Business School (Boston, Massachusetts, USA)
This module ties together many of the program themes to help you solidify your family business’s prospects for success. You’ll explore how to strengthen your organization’s leadership, structures, processes, and cultures; how to design effective growth strategies; and how to sustain success through generational transitions. Building on the work you’ve done in Modules 1 and 2—reflection, analysis, and strategic thinking—you will leave Module 3 with an action plan to guide your company into the future. 
Strengthening Leadership, Talent, and Organization Structure 
• Putting the right leadership and management team in place
• Designing structures and processes to sustain strong leadership over time
• Planning the education and training of rising generations
• Instilling values of honesty and integrity in the corporate culture
• Building an organizational culture that fosters entrepreneurship and innovation
Choosing Your Best Strategy for Sustaining Growth
• Making strategic use of technologies 
• Developing domestic and international branding with a global impact
• Choosing among vehicles for growth, including diversification, mergers, and acquisitions
• Improving corporate governance and accountability
Please note that attendance at all three modules is mandatory for successful completion of this program. We will not accept applications for a single module.
Module 1:
Li Jin  (Faculty co-chair)
Chair Professor of Peking University.Associate Dean and Finance Department Co-Chair, Guanghua School of Management.Director, National Center for Financial Research.Director, Peking University Case Research Center.Member of the board and member of the scientific committee, Global Corporate Governance Consortia.Taught at Harvard and Oxford for over a decade.Recipient of the "thousand talent plan" recognition of the Chinese central government.Recipient of "exceptional talent" recognition of the UK government.A specialist in emerging market finance. Researches and teaches corporate finance, corporate governance, capital markets and various related topics.
Se Yan
Research Professor of Economics, Guanghua School of Management. Deputy Director, Peking University Center for Economic Policy Research. Professor Yan’s research focus on macroeconomics and economic history, which has been widely recognized by international academia, including numerous awards and grants, such as the “Best Dissertation Prize” at the 15th World Economic History Congress. He serves as an associate editor of the Australian Economic History Review. Professor Yan teaches macroeconomics, economic growth, and Chinese economy to undergraduate, MBA, and PhD students and executives. He has won the “Teaching Excellence Award” of Peking University and “First Prize For Teaching Excellence” at Guanghua School of Management.
Module 2:
Eric Thun (Faculty co-chair)
Peter Moores Associate Professor in Chinese Business at the Saïd Business School and a Fellow of Brasenose College, University of Oxford. His teaching and research focus on the dynamics of competition in emerging markets, and the strategic challenges of global expansion.Eric worked extensively on multinational strategies in China, and the globalization strategies of Chinese firms.Eric has also spoken on his research at the British Foreign & Commonwealth Office and contributed to European Commission reports on development in China.Prior to coming to Oxford in 2005, he was on the faculty of Princeton University. 

Hiram Samel
Associate Professor of International Business at the Saïd Business School and a Fellow of Lady Margaret Hall, University of Oxford. His current research examines how entrepreneurial firms compete in global technology markets. He brings extensive management experience to his research, having been an entrepreneur for 25 years before receiving his PhD from Massachusetts Institute of Technology (MIT) in 2013. His research has been presentedat the World Bank, and to senior advisors in the White House. He joined the Saïd Business School in August 2013.
Module 3:
William C. Kirby (Faculty co-chair)
William C. Kirby is T. M. Chang Professor of China Studies at Harvard University and Spangler Family Professor of Business Administration at the Harvard Business School.  He is a Harvard University Distinguished Service Professor.  Professor Kirby serves as Chairman of the Harvard China Fund and Faculty Chair of the Harvard Center Shanghai.  At Harvard he has served as Director of the Fairbank Center for Chinese Studies, Chairman of the History Department, and Dean of the Faculty of Arts and Sciences.  His latest book is Can China Lead? co-authored with F. Warren McFarlan and Regina Abrami. His current research focuses on Chinese companies and consumer markets in the Xi Jinping era, the leadership potential of Chinese universities, and business, political, and cultural relations across Greater China.
John A. Davis
John A. Davis is faculty chair of Families in Business: From Generation to Generation, and also teaches in the Owner/President Management and Key Executive programs at Harvard Business School. A Fellow in Executive Education, he teaches and researches in the family business, family wealth, and life planning fields. Davis consults and speaks globally to family companies on the topics of family and corporate governance, strategic and succession planning, professionalizing the family business, next generation development, and partner relationships. He has been recognized as one of the world’s leading thinkers and advisors on these topics.

FOR MORE INFORMATION, please contact:
Ms. Judy Zhu
Project Manager, Open Programs
Executive Education
Telephone: +86-10-6274 7230
Fax: +86-10-6276 8266