Johnson’s Smith Family Business Initiative and Cornell Executive Business Education collaborate to offer executive education to family business leaders in Miami.
Johnson at Cornell University and the Family Business and Office School, a pioneer in providing educational services and training in Latin America and Miami, have partnered to create a unique, sophisticated platform to provide worldwide, open-enrollment executive education programs in Miami, Florida.
Led by the Smith Family Business Initiative and Cornell Executive Business Education, in collaboration with the Family Business and Office School, these custom executive education programs are designed to help business owners, business leaders, private investors, family office managers, C-suite executives, wealth management professionals, and advisors meet the unique challenges and global economic trends they face today.
Nine out of ten American and Latin American companies are family-owned firms, yet only 30 percent of these businesses survive to the second generation, according to research conducted by the Family Business and Office School®. “Major culprits that explain why family businesses do not thrive through successive generations include a lack of wealth succession planning, inefficient asset allocation, and insufficient training for corporate and family managers,” says Dann Van Der Vliet, executive director, Smith Family Business Initiative.
The new partnership’s first program, Mergers and Acquisitions, will be offered June 24-26, 2015, in Miami. Designed for middle to senior leaders in family offices and businesses, as well as investments bankers, private investors, CIOs, CFOs, portfolio managers and attorneys who want to be better equipped for potential mergers or acquisitions, the program will be taught by Johnson faculty and will focus on developing senior leaders’ ability and confidence in leading family businesses through key business transitions and milestones.
Devin Bigoness, executive director for Executive Education at Johnson, welcomes this partnership as well. “We are excited to be partnering internally with Johnson’s Smith Family Business Initiative and externally with the Family Business and Office School to execute these exceptional programs. We believe these programs will help leaders to develop capabilities critical for success in dynamic markets like Miami’s, which has so many connections to markets in South and Latin America. This will be the first of many offerings that we envision offering on an ongoing basis.”
The Samuel Curtis Johnson Graduate School of Management at Cornell University is a leader in innovative business education for the connected world. Consistently ranked as one of the top business schools in the world, Johnson offers six MBA programs spanning North America, Mexico, and China. Its two most recent innovations in MBA education are the Johnson Cornell Tech MBA in New York City, and a dual-degree MBA/FBA with Tsinghua University in Beijing. Johnson is home to the renowned academic journal Administrative Science Quarterly; its 59 full-time, tenure-track faculty members conduct award-winning research and educate some 650 MBA and PhD students each year.
Founded in 2014 with a generous gift from John Smith, MBA ’74, and his wife, Dyan, the Smith Family Business Initiative provides education, networking, and research for family business owners, successors, and students from across the globe.
For the last 60 years, Cornell Executive Business Education has been a front runner in providing dynamic programming to an impressive array of domestic and international clientele.
About the Family Business and Office School
Since 2006, the Family Business and Office School has been on a mission to train and provide valuable financial, investing, governance and leadership education to wealthy families, high net-worth individuals, private investors, C-Suite executives and wealth advisors in Latin America and Miami. The school is a pioneer in providing educational and networking opportunities to the founders, shareholders, next generation of family-owned businesses and private investors It also serves family office managers, private bankers, wealth advisors, portfolio managers, attorneys, trustees, estate planning advisors, C-suite, board members, and head hunters.