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Tsinghua – Harvard Global Family Business Program Taught at Harvard

Time: 2014-12-19 11:40 Print

In November of 2014, the week-long "Tsinghua –Harvard Global Family Business Program”, which attracted over 40 family business owners from Greater China and their family members, was taught at Harvard Business School.

The program is led and designed by Prof. John A. Davis, Senior Lecturer of Business Administration, who has been recognized as a leading figure in the field of family business and family wealth. The faculty team includes well-known Harvard Business School professors such as William Kirby, Spangler Family Professor of Business Administration, and Deepak Malhotra, Professor in the Negotiations, Organizations and Markets Unit.

Special topics are designed for this program, including " Family Business Strategy and Succession ", "Family Constitution and Family Office", "Family Council and Family Governance", "Family Business Specialization and Board Structure Design", "Family Business Conflict and Negotiation", and "Family Wealth Inheritance and Family Trusts".

The program started with the lecture delivered by Dr. Hao Gao, Director of Tsinghua PBCSF Family Business Program and Executive Director of China Finance Case Center, analyzing with a global perspective the challenges China's family businesses face.

Ms. Carolyn Greenspon, Director at The New York Times Company and a fifth-generation member of the family that controls the company, shared her experience about family governance and succession. The over one century evolution history of the Ochs Sulzberger Family Trusts allowed the students to see the complexity of family business succession.

Attendees also visited the Bloomberg L. P., Malkin Family and Estee Lauder Family’s private art museum, learning about the “six capitals” for family business succession - industrial capital, financial capital, human capital, family capital, social capital and intellectual capital.
The program marks the first cooperation between Tsinghua PBCSF and Harvard Business School, and the two sides will further expand cooperation on family business research and teaching, including case-writing and curriculum development in this area.