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.