These are the slides for my session on Innovation in Family Business at Edaralab in Dubai (UAE).

1. CLEVER Innovation in
Family Business
A l e s s a n d r o L a n t e r i

2. Alessandro
Lanteri
speaker Professor of
Entrepreneurship
@ A L E S S A N D R O L A N T E R I https://goo.gl/LDTv9L
Professor of Entrepreneurship
Regular Contributor to HBR-A
Trainer, Advisor to Multinationals,
International Organizations,
Governments, Startups
Keynote & TEDx Speaker https://goo.gl/fAeTck

3. Faculty and adjunct locations
Hult campuses
Global expertise

4. no. 10
EXECUTIVE EDUCATION
CUSTOM PROGRAMS
Financial Times
A S H R I D G E , U K
http://rankings.ft.com/businessschoolrankings/ashridge/european-business-school-rankings-2018#european-business-school-rankings-2018

5. fuel efficiency
+45%
1980 2019

6. storage capacity
x1.5 million
1980 2019

7. no industry
‘left behind’
agriculture retail

9. Volatility
Uncertainty
Complexity
Ambiguity

10. “Many create a Family,
some create a Business,
but very few can create
a Family Business.”

11. source: A. Schuman, S. Stutz & J. Ward (2010). Family Business as Paradox. Palgrave Macmillan
BusinessFamily
CapitalisticSocialistic
Conditional AcceptanceUnconditional Acceptance
CompetitiveCooperative
Emotion / Affect Rationality
Risk-Averse Balanced Risk-Taker
Saving-Oriented Growth-Oriented
Tradition & Legacy Change
Private Open
Long-Term Perspective Discipline & Efficiency

12. A family business is, by its very nature, a living
contradiction. Successful, multi-generation
family businesses have figured out how to
manage these contradictions and in many cases
turn them into the secret of their success in a
world that is filled with dozens of paradoxes.
The family business edge is thus their learned
ability to operate in loose, uncertain
environments filled with contractions and
dilemmas.
Family Business as Paradox
source: A. Schuman, S. Stutz & J. Ward (2010). Family Business as Paradox. Palgrave Macmillan

13. A family business is, by its very nature, a living
contradiction. Successful, multi-generation
family businesses have figured out how to
manage these contradictions and in many cases
turn them into the secret of their success in a
world that is filled with dozens of paradoxes.
The family business edge is thus their learned
ability to operate in loose, uncertain
environments filled with contractions and
dilemmas.
Family Business as Paradox
source: A. Schuman, S. Stutz & J. Ward (2010). Family Business as Paradox. Palgrave Macmillan
Not every contradiction is ‘just’ a paradox
that can be creatively reconciled
Some are genuine conflicts
How do you handle those?

14. Divergent Goals
in Family
Businesses
succession
planning
family
legacy
family
support
grow
talent
family
assets
innovation
professionalisation
growth
intergenerational
harmony
Owners
BusinessFamily
Author’s elaboration on: Deloitte (2016). Next-Generation Family Businesses. Evolution keeping family values alive.

15. The Family System
The Business System The Ownership System
1. Startup
2. Expansion /
Formalization
3. Maturity
1. Controlling Owner
2. Siblings Partnership
3. Cousin Consortium
1. Young Business Family
2. Entering the Family Business
3. Working Together
4. Passing the Baton
source: K. Gersick, J. Davis, M. Hampton & I. Lansberg (1997). Generation to Generation: Life Cycle of the Family Business. Harvard Business School Press
The Three Axes of
Family Business

16. The Family Structure and the
Ownership Structure grow ‘naturally’.
To ensure continuity,
the business must grow too.

17. With the current speed of change, the question
is not ‘Why should we change what made us
successful,’ but ‘What would we do
differently if we started again.’

18. When does the
Future begin?

19. Source: Nagji & Tuff(2012)
An Innovation Portfolio

20. Source: Nagji & Tuff(2012)
An Innovation Portfolio
where to invest
where returns come from

21. What are the
deep drivers of
strategic success?
source: UNDP (2018)

22. © Alessandro Lanteri, 2017
systems
exponential
championship decision-making

23. How can family businesses
master the 4IR?
R E A D M Y B O O K !
W H E N I T ’ S P U B L I S H E D …

24. Thank you for your attention!
A l e s s a n d r o L a n t e r i
@ A L E S S A N D R O L A N T E R I https://goo.gl/LDTv9L