As the scope of a business-owning family’s activities expand and the family grows across generations, the organic shift from a business-centric family to a family-centric enterprise or “family enterprise” begins. The family is faced with the issue of how to preserve the family wealth and well-being beyond the first generation. Contrary to popular belief, it isn’t the size of the fortune that determines a family’s ability to build a successful family enterprise. Instead, family members must have a shared outlook that is characterized by a long-term view and rooted in a common sense of purpose, together with a proven set of behaviors and practices that enable success.
In this session we:
- Explain what “taking the long-term view” means
- Document characteristics of a successful enterprise family
- Describe the Family Enterprise Framework and identify 24 corresponding building blocks
- Provide an assessment tool that can be utilized to develop an action plan to strengthen the family enterprise
Note: Register online or email Alexander Hayward.
Not a FOX Member? Inquire here to request an invitation to this event:
01.00 - 01:15pm Welcome and Introduction
01.15 - 02.15pm Presentation: Taking the Enterprise View
02.15 - 03.00pm Current Trends and Challenges
03.00 - 03.30pm Q&A and Peer Exchange
03.30 - 04.00pm Networking Coffee
Due to high demand, this meeting will be held both in Sydney (25 February) and in Melbourne (27 February)
Speaker: Alexandre Monnier, President, Family Office Exchange