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Course Description

The relationship between family governance and business governance can get complicated in family businesses. The family businesses that operate at an optimal level are typically the most cohesive, enjoy a high degree of trust between members, and are not afraid to tell the truth to one another. How can you build these systems into your business?

In this course, you will be introduced to ways to optimize your family business governance. You will analyze your family’s mechanisms for holding people accountable, addressing risk, and setting expectations. As you explore boundary setting, you will assess your business’s process for addressing risk and boundary management. You will also design an action plan to address misalignment among family values, goals, levels of maturity, and business practices. Finally, you will identify where your board of directors, or another leadership group, could be more effective then create an action plan to move it closer to its ideal state of functioning. By the end of the course, you will have experience with a variety of strategies that will enable you to better support healthy interaction between the family and the business, ultimately setting the business up for success for generations to come.

Faculty Author

Joseph Astrachan

Benefits to the Learner

  • Assess your family’s mechanisms for holding people accountable, addressing risk, and setting expectations
  • Optimize your business’s process for addressing risk and managing boundaries
  • Create an action plan to address misalignment among values, goals, and business practices
  • Identify where your leadership group could be more effective

Target Audience

  • Family members employed in running a family-owned business
  • Non-family employees involved in running a family business (key leaders, management)
  • Individuals interested in broad-based family business dynamics
  • Consultants
  • Lawyers
  • Accountants

Applies Towards the Following Certificates

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Enroll Now - Select a section to enroll in
Type
2 week
Dates
Jul 10, 2024 to Jul 23, 2024
Total Number of Hours
10.0
Course Fee(s)
Contract Fee $100.00
Section Notes

IMPORTANT COURSE INFORMATION

  • Note that as part of your required course activities, you will be asked to arrange an interview with a family member.
  • This course includes a year of free access to Symposium! These events feature live, highly participatory virtual Zoom sessions with Cornell faculty and experts to explore today’s most pressing leadership topics. Throughout the year, you may participate in as many sessions as you wish. Attending a Symposium is not required to successfully complete the certificate program.
Type
2 week
Dates
Sep 18, 2024 to Oct 01, 2024
Total Number of Hours
10.0
Course Fee(s)
Contract Fee $100.00
Section Notes

IMPORTANT COURSE INFORMATION

  • Note that as part of your required course activities, you will be asked to arrange an interview with a family member.
  • This course includes a year of free access to Symposium! These events feature live, highly participatory virtual Zoom sessions with Cornell faculty and experts to explore today’s most pressing leadership topics. Throughout the year, you may participate in as many sessions as you wish. Attending a Symposium is not required to successfully complete the certificate program.
Type
2 week
Dates
Nov 27, 2024 to Dec 10, 2024
Total Number of Hours
10.0
Course Fee(s)
Contract Fee $100.00
Section Notes

IMPORTANT COURSE INFORMATION

  • Note that as part of your required course activities, you will be asked to arrange an interview with a family member.
  • This course includes a year of free access to Symposium! These events feature live, highly participatory virtual Zoom sessions with Cornell faculty and experts to explore today’s most pressing leadership topics. Throughout the year, you may participate in as many sessions as you wish. Attending a Symposium is not required to successfully complete the certificate program.
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