Formue Responsible Ownership Program

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Unique education preparing next generation owners

Formue has developed a research-based educational program to prepare responsible owners. The program offers a unique understanding of the key concepts of family business and responsible ownership, and will provide next-generation owners a higher possibility to successfully manage their wealth and businesses and ensure their long-term success.

Builds on long-term cooperation

The program is a collaboration between Formue and the Center for Entrepreneurship and Ownership (CeFEO) at Jönköping International Business School and is aimed at present and prospective owners.

Meet digitally and physically

The program is created around 3 digital modules and 3 physical events from lunch-to-lunch over approximately 6 months starting autumn 2023.

The content focuses on knowledge and skills of:

  • Family Ownership
  • Ownership with a purpose
  • Governance
  • Family Dynamics
  • Family wealth and entrepreneurship
  • Self
  • Relationship
  • Community and Society

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Practical information

Price

70,000 SEK/NOK exclusive VAT
Additional costs for hotel and travels

Program start

November 2023

Last date for applications

30 september 2023

Program manager

Helena von der Esch
Senior Family Advisor Formue
E-mail: helena.vdesch@formue.se
Phone: +46703301635

helena

Secure the family business – educate the next generation

We have listened to our clients and their request for a research based family ownership based education program. Better understanding and skills help foster stronger family relationships and create a legacy that can be passed down to future generations.

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Professional program with researchers from all over the world

The unique education program has been made possible thanks to a long-term collaboration Formue entered into with the Center for Entrepreneurship and Ownership (CeFEO) at Jönköping International Business School, with researchers from all over the world. JIBS is the No.1 research center in Europe for Family Business Studies.

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Program content

Module 1 - Introduction

Today, more than ever, is important to make an impact. To value the resources and act responsibly.

A responsible owner is a person that acts today thinking about tomorrow. The world needs a new generation of responsible owners who actively engage in shaping a better future, that embrace an entrepreneurial spirit in facing the challenges of sustainability.

Scandinavia is the context where this change started. Let’s make it stronger together.

massimo Massimo Baù, PhD
Senior Associate Professor in Family Business and Ownership, Director of CeFEO

  • Meanings of ownership
  • 3 circle and familiness
  • Economic and non economic goals
  • Legacy and longevity

We are in an unprecedented moment for humanity, where the economic, ecological, and social systems are all under stress. We see signs of a new stage of business ownership and leadership, conscious and engaged. This means moving from a reductive, mechanistic hierarchical mindset to a systemic, living, innovative, diverse, and regenerative one.

Ownership with purpose will bring a new logic and dynamic perspective for responsible and transformative ownership anchored in deep awareness, responsiveness, collaboration, synergy, and renewal.

carla Carla G Machado, PhD
Assistant Professor in Sustainable Supply Chain, JIBS Director of Societal Engagement

  • System thinking
  • Regenerative businesses
  • Purposeful leadership
  • An embedded view on sustainability
Introduction workshop Lunch-to-Lunch in Oslo

1.3

Module 2 - Technical skills

The governance session is designed to provide you with a concise and effective picture of the key aspects of ownership in connection to company governance. In the session you will discover what different forms of ownership look like, understand what it means to have an active role as an owner, learn how to manage the relationship between owners and a company’s board of directors, including insights into board meetings agenda setting; and discuss how to set up appropriate family governance solutions can improve the family's role as an active owner.

daniel Daniel Pittino, PhD
Professor in Strategy and Entrepreneurship, JIBS Associate Dean of Research

  • Family governance
  • Active owner and the board
  • Agenda setting
  • Ownership forms (inc. foundations, b-corps)

We will provide insights on different options regarding succession to enable you to take informed decisions about your own involvement.

We will discuss alternative ways to transfer ownership and leadership between generations. And we will raise awareness on how to regulate ownership changes today to control for unwanted changes in the future.

To do so, we will also bring up important considerations regarding marriage and divorce, testaments, and gifts.

carla Kajsa Haag, PhD
Assistant Professor in Business Administration with a focus on Family Business JIBS Associate Dean of Faculty

  • Family structure (and genogram)
  • Succession
  • Pre-nup, marriage, and divorce
  • Testament, will, and gift

In most families the origins of wealth are connected to early actions of entrepreneurship that became part of the family legacy. Research shows however that entrepreneurship is important well beyond those initial moments typically associated with new ventures, it also plays a central role in stablished organizations.

We show how the next generation, thanks to their new mindsets and capabilities, can entrepreneurially contribute to reinvigorate and - why not - create the family legacy that is so crucial to innovation and the creation of both financial and social value.

joa Joaquin Cestino, PhD
Assistant Professor in Business Administration with a focus on Entrepreneurship and Environment, CeFEO Head of Outreach

  • Family capital and patient capital
  • Transgenerational entrepreneurship
  • Legacy and innovation (incl. Innovation through tradition)
  • Corporate entrepreneurship (financing innovation & family spinoff)
Lunch-to-Lunch workshop in Oslo

1.3

Module 3 - Personal skills

A healthy self is essential for being a responsible owner. Although the question, “How are you?” may seem simple enough, personal well-being is a complex matter that concerns how people experience their lives and the degree to which a person is fully functioning. We will shed light on different dimensions of well-being and discuss how we can overcome difficulties, achieve our goals in life, reach self-realization, a sense of meaning, and happiness.

Sarah Sarah Fitz-Koch, PhD
Assistant Professor in Business Administration with a focus on Entrepreneurial Identity CeFEO Faculty Member

  • Self-actualization (incl. wellbeing)
  • Self-efficacy (confidence)
  • Self-discipline
  • Emotions

We as humans are inherently social beings, and social relationships are of crucial importance. Having shared ownership means conflicts and emotions will arise that have the potential to damage not just our financial wealth, but our personal goals and social relationships. This is even more visible when we - as a family - own together.

We look at how relationships work, the dynamics and types of social conflicts and emotions, the roles of justice and fairness, and how we can navigate this difficult terrain.

carla Markus Plate, PhD
Assistant Professor in Business Administration with a focus on Organizational Psychology and Family Business CeFEO Faculty Member

  • Emotional intelligence
  • Conflicts
  • Negotiation and conflict management
  • Justice and fairness

We want each participant to engage in Conscious Reflection about how their personal selves can influence investments as well as ownership decisions, and how – in the end – this can have an impact on the surrounding community and society.

We will consider the notion of “Impactful Ownership” and intrinsic drivers – such as Values, Spirituality, and Ethics.

We also take a look at Impact Investing, as an example of how personal principles can be combined with strategic investments.

Anna Anna Blomback, PhD
Assistant Professor in Business Administration with a focus on Corporate Identity, Values, and Social Responsibility JIBS Associate Dean of Education

  • Ownership with an impact
  • Spirituality, values, and ethics
  • Diversity and inclusion
  • Philantropy and impact investing
Lunch-to-Lunch workshop with Examination in Oslo

1.3

Faculty members

Massimo Baù

Massimo Baù

PhD

Senior Associate Professor in Family Business and Ownership, Director of CeFEO

Read more
Joaquin Cestino

Joaquin Cestino

PhD

Assistant Professor in Business Administration with a focus on Entrepreneurship and Environment, CeFEO Head of Outreach

Read more
Carla G Machado

Carla G Machado

PhD

Assistant Professor in Sustainable Supply Chain, JIBS Director of Societal Engagement

Read more
Daniel Pittino

Daniel Pittino

PhD

Professor in Strategy and Entrepreneurship, JIBS Associate Dean of Research

Kajsa Haag

Kajsa Haag

PhD

Assistant Professor in Business Administration with a focus on Family Business JIBS Associate Dean of Faculty

Read more
Sarah Fitz-Koch

Sarah Fitz-Koch

PhD

Assistant Professor in Business Administration with a focus on Entrepreneurial Identity CeFEO Faculty Member

Markus Plate

Markus Plate

PhD

Assistant Professor in Business Administration with a focus on Organizational Psychology and Family Business CeFEO Faculty Member

Anna Blomback

Anna Blomback

PhD

Assistant Professor in Business Administration with a focus on Corporate Identity, Values, and Social Responsibility JIBS Associate Dean of Education

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