Future Family Enterprise Program
MIT Sloan School of Management
Oct 7-12, 2018
The Future Family Enterprise program leads multigenerational families through a stimulating week-long conversation that produces clarity on the path ahead for each participating family and its enterprise. Your family will learn practical concepts and tested practices—organized around examples of multigenerational success and failure—to aid your thinking, improve your long-term planning and alignment, and shape the roadmap of your family enterprise system.
In this six-day program (Sunday afternoon to Friday at noon), faculty explore the opportunities, challenges, and future trends for owning, governing, and managing a family company and a broader family enterprise organization over multiple generations. Conversations and class sessions focus on the distinct issues faced by multigenerational families that have survived beyond the founder-stage. The program views the family enterprise through the lens of ownership, helping you to understand the important decisions that are yours to make as well as how to govern and plan for the longevity of your family’s enterprise activities.
In addition to interactive classroom work and exchanges among families from around the world, your family will have daily, private, facilitated discussions with an experienced family enterprise advisor to focus on your interests and agenda. Families should attend in teams spanning two or more generations. Each family team will leave the program with a tailored action plan built together over the course.
Important questions addressed include:
- How is technology shaping industries and companies, and how must family-owned businesses adapt?
- What are the emerging strategies for capitalizing, owning, and controlling family companies?
- What are the trends in governance of multigenerational companies, family offices, ownership groups, families, and foundations?
- How are families themselves modernizing and remaining united in this mobile, globalized world?
- With Generation X assuming leadership roles, and the emergence of the Millennial Generation, how are succession planning and next generation talent development more complex today? How do families prepare for generational transitions in this fast-changing environment?
- What are the latest strategies for steering and sustaining a complex, multigenerational family enterprise, with a growing number of family owners, for another generation or more?
The combined experience of faculty and participants produces deep understandings and even profound transformations for participating families. Your family will have conversations you never anticipated and will leave the program feeling closer and more aligned about your future as a result.
The Future Family Enterprise program is led by MIT Sloan Senior Lecturer John Davis, a pioneer in the family enterprise field and a globally recognized authority on family enterprise, family wealth, and the family office. Davis joined MIT Sloan after leading the family enterprise area at Harvard Business School for more than 20 years. He is an award-winning teacher and researcher and is the creator of some of the field’s most impactful conceptual frameworks. Davis is also Chairman of Cambridge Family Enterprise Group, a global advisory and research organization.
John A. Davis is a Senior Lecturer in the Family Enterprise Executive Programs at the MIT Sloan School of Management. He is a globally recognized pioneer and authority on issues related to the family enterprise, family wealth, and the family office. Since the 1970s, he has been a leading researcher, professor, author, advisor, and speaker on family enterprise, and is the creator of some of the field’s most impactful conceptual frameworks. His insights help to develop leaders, strengthen families, professionalize businesses and family offices, grow shareholder value, and pass sustainable enterprises to the next generation.
A renowned academic and shaper of the family enterprise field, Davis teaches family business and family office management, and strategies for family enterprises to position themselves for the future.
Trained in management, psychology, and economics, Davis has advised multigenerational family enterprises in more than 65 countries, including a number of the world’s leading enterprising families. He advises on sustaining long-term success; governance; family wealth; family office; ownership strategies; developing next generation talent; succession transitions; life and career planning; conflict resolution and family unity; selling the family business; and adapting to disruptive change, among others. He is founder and chairman of the Cambridge Family Enterprise Group, a global organization he created in 1989 that is devoted to helping enterprising families achieve long-term and lasting success for their families, enterprises, and financial wealth.
Davis is an award-winning teacher and researcher, and lifelong creator of innovative education courses and teaching materials. He is on the Advisory Council of the Inclusive Capitalism Programme on Purposeful Ownership at the Said Business School at the University of Oxford—a research study that explores current family ownership issues. During his 21 years on the faculty of Harvard Business School, Professor Davis founded and led Harvard’s family business management area and was founding faculty chair of the Families in Business program. He created and led the MBA course, Management of the Family Business, to explore the management, career, and personal issues found in family-owned companies, and taught family business management and leadership in the Owner/President Management executive program, as well as in other programs and courses.
An early founder of the family business field as an academic discipline, Davis has written significant works explaining family enterprise dynamics and success. In 1978, with HBS Professor Renato Tagiuri (now deceased), he co-created the Three-Circle Model of the Family Business System, the fundamental paradigm in the family business field. He developed the Family Enterprise framework to help families map their collection of meaningful activities and assets that unite and define them, and the Family Enterprise Sustainability framework which distills the three essential ingredients needed for the successful longevity of a family enterprise. He is coauthor of the book, Generation to Generation: Life Cycles of the Family Business, a preeminent work. He has published an extensive body of educational materials—case studies, articles, and diagnostic worksheets—that are used by graduate schools of business across the globe. He is coauthor of the book Next Generation Success and author of Enduring Advantage, 2nd Edition. His theories and observations are regularly cited in publications such as the Wall Street Journal, New York Times, Financial Times, Economist, Bloomberg, NPR, Forbes, and Fortune.
Davis speaks at conferences and workshops for enterprising families around the world, such as the World Economic Forum, Harvard Business Review, YPO and WPO, Cambridge Institute for Family Enterprise, and Family Business Network, as well as for financial institutions, private member networks, and individual family companies.
Davis earned his Doctorate in business administration from Harvard Business School, his MA in economics from the University of Wisconsin, and his AB in economics with high honors from Kenyon College. He tweets @ProfJohnDavis.
Jake Cohen is Senior Associate Dean for Undergraduate and Master’s Programs and a Senior Lecturer in Accounting and Law at the MIT Sloan School of Management.
He oversees MIT Sloan’s portfolio of degree programs, as well as the Offices of Admissions, Student Life, and Career Development. Jake is responsible for setting strategy for the undergraduate and all Master's programs, including the new Master of Business Analytics program. He teaches Financial Accounting to Master of Finance and Executive Education students, as well as Israel Lab, the newest addition to MIT Sloan’s portfolio of Action Learning programs. Jake is a member of the Dean’s Leadership Council, and MIT’s Title IX officer for MIT Sloan.
Jason Jay is a Senior Lecturer at the MIT Sloan School of Management and Director of the Sustainability Initiative at MIT Sloan.
He teaches courses on leadership, strategy, and innovation for sustainable business. Jason engages students and alumni in hands-on projects with leading companies and organizations. These efforts help build a community of innovators for sustainability that includes MIT students and alumni, faculty and researchers, with partners in business, government, NGOs, and hybrid organizations.
Jonathan Ruane is a Lecturer in the Global Economics and Management group at the MIT Sloan School of Management and a Digital Fellow at MIT’s Initiative on the Digital Economy (IDE). His interests are at the intersection of technology, entrepreneurship, strategy and international markets. He also is an Adjunct Professor at Trinity College Dublin and a Fulbright recipient.
Ruane cofounded the ‘Global Business of Artificial Intelligence and Robotics’ graduate course with Prof Simon Johnson in addition to faculty teaching positions across MBA, EMBA, and Executive Education courses at MIT. He worked closely with Andrew McAfee and Erik Brynjolfsson on “Machine Platform Crowd.”