Asian Family Businesses: Can they Transition from Entrepreneurs to Entrepreneurial Families
Luncheon Presentation by Randel Carlock, Chaired Professor in Entrepreneurial Leadership, INSEAD
Families are about caring and businesses are about money—not the most natural of bedfellows. Family businesses around the world have found that parallel planning for these two, often conflicting, systems is the key to family harmony and business success. How should business strategy be aligned with family ties? How can effective planning and communication help business families address growth challenges? How can small family businesses become and thrive as high performing multi-generation family enterprises?
Randel Carlock is the Berghmans Lhoist Chaired Professor in Entrepreneurial Leadership and founding Director of the Wendel International Centre for Family Enterprise at INSEAD. He has over 25 years of management and leadership experience, initially as an executive with a NYSE family business, Dayton-Hudson (now Target Corporation) and then as CEO and Chairman of four companies he founded, including a NASDAQ-listed firm. Carlock has written extensively on running and managing family businesses, including When Family Businesses Are Best: The Parallel Planning Process for Family Harmony and Business Success. Carlock has an M.A. in education and training, an Executive M.B.A. in strategic management and a Ph.D. from the University of Minnesota. Book sale after program.