Program Description Gain a critical understanding of the important elements of global business, a cultural orientation to Canada, and the language and communication requirements to be effective in a global family business setting. Mohawk College has launched a new 2 year graduate program to address the specific needs of a family enterprise with a global reach, looking to support the skill development of one of their delegates. The launch is planned for January 2017 and is open to a mix of 15 students from around the world, sponsored by a family enterprise. The task is to gain a global cultural understanding of the nuances of international trade keeping in mind the specific family business perspective. Changing technology, demographics, and social values have disrupted traditional education. This program provides opportunities to foster professional agility and versatility through a mentoring process along with a post graduate opportunity to work for up to three years. Family business across the world continues to be a major part of any country’s economy. In Canada Family Business represent ~ 65% of all business. Unfortunately, 70% do not make it to the second generation and 90% do not make it to the third generation. Understanding the compromises of what is good for the family and good for the business along with family health, and the relationship between the generations is critical to the future of a family business. This focus will be embedded into a Global Business Management program that will support those with and interest to connect with North American markets and the world. Students in Mohawk’s two year, Global Business Management – Family Enterprise Program will learn the dynamics of management in a global business environment with an understanding of how to deal with the unique challenges of operating a family business. They learn how to research potential international opportunities, develop an international market entry strategy for a service or product, and create an international business plan to support the global strategy of a company. Students will be mentored by Canadian entrepreneurs and given the opportunity to candidly discuss issues unique to family business. It is important that the next generation are equipped to effectively deal with and understand inter-generational dynamics, sibling relationships, managing conflict, succession planning, and strategic management of family firms. Communication, problem solving and teamwork are part of every course in the program. A considerable amount of emphasis is dedicated to the development of effective communication skills as English language skill is considered a critical skill requirement for transition to work effectively in international trade. Program Highlights: Focus on English communications, Canadian business culture and international business to support and connect your family business with Canadian markets and the world, or develop new business opportunities. Mohawk College is located in the midst of the Toronto- Waterloo Innovation Corridor, home to more than 15,000 tech companies and thousands of start-ups that require talented people to help them turn their research strength into global commercial success. What You'll Learn:
Evaluate the impact of various world matters when managing a global business. Use information technology to increase business efficiency and/or effectiveness. Importing and exporting functions of a business to facilitate international trade. Human resources development and management to meet strategic goals. Practices in management of conflicts, complex family structures, diverse personalities and difficult relationships. Develop sound business strategies to facilitate trading in the global marketplace and apply financial principles in all business operations. Gain insights into the psychological dynamics of family leadership, business management, and family and business governance to ensure smooth and effective functioning of businesses. Conduct business in compliance with ethical, professional and corporate responsibilities in a global business environment. Entrepreneurial strategies to maximize the effectiveness of international business initiatives.
