$250 – $299

NYCFEC Elective: Building a Rising Generation Family Team

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Midtown Manhattan

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This NYCFEC Elective is designed for the business founders, and especially members of the “rising” generation who expect to inherit ownership and oversee or manage a family enterprise. It is open to business families from NYC area that work together as family members in the business, as shareholders, board members, family council members or family member trustees.

After a family enterprise is successful, the challenge for the founders, and members of the next generation, is to prepare and create a team of family members who are ready, willing and able to continue the business. The responsibility of this team also involves expanding the business through subsequent generations, diversifying into other areas, and sustaining alignment and harmony in a growing family. It is certainly a challenge, and one that is quite different from that faced by the founding generation!

One of the keys to sustainability of family businesses and strengthening healthy family relationships is learning how family members can work together. Building effective teams within or across families in the next generations, whether it is part of the management of the business, serving on the board or as a trustees or part of a family or ownership council, requires special considerations, practice, tools and some thoughtful approaches.

This session will ask members of the older and younger generations to look at what they can do to create this working partnership together and to begin early to develop clear expectations, values, and commitment from both generations.


WHO SHOULD ATTEND:

Family members from family businesses:

  • Whose Family Business is based in the NYC area, or
  • Whose Family Business is based elsewhere, but live in the NYC area



FACULTY:

Dennis Jaffe has helped families overcome personal and organizational challenges to enable successful and fulfilling transfer of businesses, wealth, values, commitments and legacies across generations for over 40 years. As both an organizational consultant and clinical psychologist, he is one of the architects of the field of family enterprise consulting. He works with multi-generational families to develop governance practices and capability of next generation leadership, and to develop the capability of financial organizations and family offices to serve their family clients.

As a member of Wise Counsel Research Associates, he is conducting a study of long-term family enterprises, resulting in working papers, Good Fortune: Building a Hundred Year Family Enterprise, and Best Practices of Successful, Global, Multi-Generational Family Enterprises. He is also part of the Polaris team, which is working with the Family Business Network to create a roadmap for family and business sustainability.

With his global focus, he has taught at Hult University in Dubai, helped the Pacific Asia chapter of Family Business Network develop a program to empower next generation family members, and is on the Advisory Board of Chinese University of Hong Kong, and Stetson University.

As a member of the Family Firm Institute since it was founded, he has presented at annual conferences, served on their board, designed and delivered continuing education courses in Family Governance and Family Wealth Advising, written frequently for their journal Family Business Review, and was received the Richard Beckhard Award for his contribution to practice.

Dr. Jaffe has written a trio of books that guide members of family enterprises, including the 2010 book Stewardship of Your Family Enterprise: Developing Responsible Leadership Across Generations, as well as Working with the Ones You Love: Building a Successful Family Business and Working with Family Businesses: A Guide for Professional Advisors. He received his B.A. in Philosophy, M.A. in Management and Ph.D. in Sociology from Yale University. For 35 years, he was Professor of Organizational Systems and Psychology at Saybrook University in San Francisco, where he is now Professor Emeritus. In 2010, he was a visiting Professor at the undergraduate family business program of Stetson University.

Seating is limited and advance registration is required.

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