November 20-21, 2020

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The Monthly Barometer
Family Enterprise Foundation, and FBN Canada bring you the second edition of the Families Summit of Minds this November 20-21.

Families Summit of Minds:

  • Connects like-minded individuals: enterprising families and thought leaders
  • Draws on common wisdom, contrasting opinions and solution-driven ideas
  • Every participant is a contributor

In light of the coronavirus pandemic, the Families Summit of Minds 2020 will take place virtually on November 20-21. Expect the same thought-provoking content and interactive discussions, yet via online videoconferencing. Join us live. In safety. Online!


Program at a Glance 2020          Take a look at FSOM 2019

Quick jump to the Macroeconomic & Geopolitical Update Series 

The Entrepreneurial Family Update Series

Businesses are influenced by geopolitical events that range from tax policies, social norms, immigration emergencies to trade wars and international health catastrophes. Economic factors dictate our appetite for risk, our investment choices, and how we trade. We will explore:

  1. how to mitigate the risk of future crises;
  2. how to build organizational resilience;
  3. how our purpose guides our interactions.

The Family Enterprise
Meaning Making and Repurposing

There are families who believe their purpose is no less and no more than simply protecting their wealth. Others find meaning as contributors to economic development and employment. If purpose is the essential ingredient to entice next-gens to carry on the family business legacy, then a case could be made for its intangible value.

  1. Can a clear and stated “sense of purpose” bring value to an enterprise?
  2. Do family enterprises harbour more meaning than public business?
  3. Are businesses that embrace purpose on to something?

The Family Enterprise
Crisis Modes: Entrepreneurial Families and the New Social Contract

The manner in which a nation responds to a disaster is a reflection of its strengths and its weaknesses, and the “quality” of its social contract. As the pandemic unfolds, social contracts could alter drastically, leading to radical economic, political, and social change, a rise of statism and a massive transfer of resources. If governments lean harder on private enterprise, we ask:

  1. How will altered social contracts affect family-owned enterprises?
  2. Are entrepreneurial families enlightened leaders or laggards in crisis-management events?
  3. What governance tools favour entrepreneurial families amid the pandemic?
  4. Will increased statism work against the efficacy of family-owned enterprises?

Register for the Summit

There is no registration fee for FBN Canada and MB100 members.

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The Self
Fighting Entitlement

Some family-owned enterprises, in spite of governance mechanisms or commercial success (or perhaps because of), suffer at the hands of jealousy within their ranks. Blame entitlement? Successful families are fertile ground for this malaise, especially when there’s an expectation of automatic rewards. Entitlement is an unpleasant condition. How should families fight it?

  1. What are the warning signs of entitlement in a family enterprise?
  2. How best engage all family individuals in ownership decisions that affect them?
  3. How might “giving back” fight entitlement?

The Family Enterprise
Do Good Then Do Well

If a family takes care of its own, what does an enterprising family take care of? A family enterprise oriented towards profit is no worse nor better than one whose purpose is to do good. It is counterintuitive not to put shareholders first, and even the staunchest supporters of purposeful capitalism admit that hurdles exist. What comes first? Doing good or doing well?

  1. Does an understanding of purpose in relation to wealth have value in a family enterprise?
  2. Who has primacy? Shareholders? Employees? Communities? Families?
  3. Which matters more: profit before purpose or purpose before profit?
  4. What is the NxG view on this?

Quick jump to the Entrepreneurial Family Update Series 

The Macroeconomic & Geopolitical Update Series

Families Summit of Minds will act as your personal curator of “contextual intelligence” by holding at the Summit highly interactive workshops led by world experts on the most critical macro categories to better understand where the world is going.

To a great extent, the pertinence of the professional and personal decisions we make depend on:

  1. a sense of context;
  2. the ability to anticipate emerging trends;
  3. the capacity to “connect the dots.”

Society
Rethinking Education

If business must adapt to constant disruption, then business education must also evolve. Family enterprises are known for their long-term approaches, and few would reject the worthy objective of transgenerational longevity, yet many fail to fully commit to the learning paths required to attain such important goals. The question is why.

  1. What is the role of business in rethinking tomorrow’s business education?
  2. Can entrepreneurial families play a stronger role in business education?
  3. In family business spheres, do today’s business education options fall short?

Technology
The Pandemic Economy, Digital Uptake and Next Gens

The pandemic economy is pushing uptake of all things digital – AI, the internet of things, cloud computing and so on – in a reset of the tech economy. Some say family enterprises have not kept pace. As the need for efficiency grows, how can family enterprises adapt and capitalize? Logic dictates that this is where digital-native next-gens should shine.

  1. Are entrepreneurial families fully exploiting digital tools to improve resilience?
  2. Who are the laggards in our digital economy and why?
  3. If digitalization goes beyond e-commerce, how can families stay ahead of the digital curve?

Economics
Navigating the Markets’ “Endless” Exuberance

The world entered the Covid-19 pandemic amid pre-existing external economic imbalances. As the pandemic emerged globally, markets soon went off a cliff in a crisis that brought economic carnage. Capital flow reversals still loom large. Yet strangely, US stock markets have begun to reach new highs. Can it last?

  1. What are the priorities for internationally-focused entrepreneurial families?
  2. How will private market valuations be affected by financial markets?
  3. What are the most plausible scenarios in terms of the markets moving forward?
  4. How should capital-intensive family enterprises mitigate risks? 

Economics
Entering Frugality

Is frugality good? It could be imposed in the wake of reduced economic activity following new pandemic lockdowns. It’s an idea already entrenched in the circular economy and low-impact living, but could frugality become a strategic imperative for family enterprises? The younger generation has a desire for change that could make “frugality” the new normal.

  1. At what point does frugality work against economic growth?
  2. Long term, will the idea of frugality gain traction or will it remain a pipe dream?
  3. How might family enterprises embrace frugality and make it work?

Please fill out your participation form:

The Families Summit of Minds is an exclusive community event.
To participate, you must be a member of:

Members:

The participation fee is included in your membership.

Non-members:

The participation fee is CAD$700/person to attend.

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