The Center offers educational opportunities for family businesses and executives. Our programs differentiate from others by:
- Significant family business owners and professional managers are invited to share their experience in leading their enterprises and their insight into next generation development. These heavy-weight speakers tell the ‘untold’ stories inside the family business under careful facilitation by our faculty members. International scholars and advisors with practices in Asia are also engaged to lead in-class discussions as necessary.
- Programs are planned around cases. These cases are specially written for Asians and by Asians, mostly with an ethnic Chinese background. They have been test-run in various classes to ensure they are pitched at the right level.
Currently, the Center offers the following:
- EMBA and MBA electives
- Open and custom programs for family business members and executives
EMBA and MBA Programs
HKUST offers premium Executive MBA and MBA programs for owners and executives from both family and non-family firms. The Center contributes to courses equipping participants with a necessary understanding of family businesses in the Asian context. The EMBA module on family businesses investigates the characteristics of both family and non-family firms, and analyzes the key differences between the two with emphasis on management, capital structure, governance, board structure, employment policy, and financial performance. The course also discusses key success or failure factors of a family business, and roles played by family and non-family executives.
The MBA program provides a dedicated career track on entrepreneurship and family business. The course on ‘Family Business’ is specifically designed for individuals who are currently working or are contemplating to work in a family business either as a family or non-family members. The material covered also gives greater understanding of the dynamics of family businesses for current or future private and investment bankers, accountants, and legal professionals.
Custom and Open Programs
The Center tailors custom and open programs for family business members and their service professionals to sharpen their understanding of Asian family businesses. Family businesses will learn good practices in managing their business and their family from leading academics and family panelists through interactive sessions tailored to address the specific needs of the participants. Professionals serving family businesses will acquire tools necessary for their practice of family business advising.
The Center works with family businesses and professional firms to tailor programs for their members. Drawing on research and experience, the Center identifies the needs of the families or the professional firms. A designated faculty member and a program manager will work with the family or the company to prepare a preliminary program design. The programs will be taught by our faculty members, supplemented by seasoned practitioners as necessary. After the program, our Center will evaluate the program effectiveness and arrange necessary follow-ups.
The Center offers a select list of family business programs over the year. The programs cover a wide range of current topics including but not limited to characteristics of Asian family businesses, transition planning, family wealth management, family and corporate governance, professionalization, family dynamics, and entrepreneurship. The following program(s) is/are currently recruiting participants: