Avoid Dysfunction in Your Family Business
Monday, April 24, 2017
Family businesses abound but are fragile. Two telling facts:
- About two-thirds of all businesses in the world are family run. Family businesses are the backbone of economies and the lifeblood of job creation.
- Most family businesses don’t last long. The average life span of a family firm is 24 years.
Many family businesses fail because they become emotionally dysfunctional. Older generations struggle to share power, relationships become strained, conflicts arise, and the business suffers. But it is possible to prevent emotional dysfunction—and help family businesses survive and prosper.
On April 24, in a live, interactive Harvard Business Review webinar, INSEAD professor Manfred F.R. Kets de Vries—author of “Saving a Family Business from Emotional Dysfunction”—provides a framework and practical advice that family businesses can use to avoid business-killing conflicts.
please register to view the recording
Kets de Vries will discuss concrete actions that families can take to avoid dysfunction and improve business success. These key steps include:
- Focusing on the future
- Focusing on fairness
- Writing a constitution
- Building a strong board
If you are part of a family business that you want to see survive and thrive for generations to come, join HBR and Manfred F.R. Kets de Vries on April 24 to learn how to avoid emotional dysfunction and improve the chances of long-term continuity.
About the Speaker
Manfred Kets de Vries brings a different view to the much-studied subjects of leadership and the dynamics of individual and organizational change. Bringing to bear his knowledge and experience of economics (Econ. Drs., University of Amsterdam), management (ITP, MBA, and DBA, Harvard Business School), and psychoanalysis (Canadian Psychoanalytic Society and the International Psychoanalytic Association), Kets de Vries scrutinizes the interface between international management, psychoanalysis, psychotherapy, and dynamic psychiatry. His specific areas of interest are leadership, career dynamics, executive stress, entrepreneurship, family business, succession planning, cross-cultural management, team building, coaching, and the dynamics of corporate transformation and change.
The Distinguished Professor of Leadership Development and Organizational Change at INSEAD, Kets de Vries has been the Founding-Director of INSEAD’s Global Leadership Center, one of the largest leadership development centers in the world. In addition, he is Program Director of INSEAD's top management program, "The Challenge of Leadership: Creating Reflective Leaders,” and Scientific Director of the Executive Master’s Program “Consulting and Coaching for Change (and has received INSEAD's distinguished teacher award five times). He has also held professorships at McGill University, the Ecole des Hautes Etudes Commerciales, Montreal, the European School for Management and Technology, Berlin, and the Harvard Business School, and he has lectured at management institutions around the world.