Overview. Benefits. Who Should Attend GEL? July 10 24, 2016

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2 Overview Benefits July 10 24, 2016 Family enterprises represent a growing force in the economies of China and other emerging markets. With family-owned businesses expected to represent nearly 40 percent of the world s large enterprises by 2025, they also come with built-in challenges developing global leaders for the future of the enterprise and sustaining wealth into the next generation and beyond. Global Emerging Leaders in Family Enterprises (GEL) is a select leadership development opportunity for entrepreneurs from American, Chinese and global family enterprises. GEL prepares you for success as a next-generation business leader by connecting you with peers and innovators. Participants will be exposed to a select group of successful entrepreneurs and global business leaders who are eager to share their experience and wisdom to help you expand your business and your network globally. Taught by leading faculty from Cheung Kong Graduate School of Business and Cornell University, students will spend two weeks this July and transform their businesses, their families and themselves. Who Should Attend GEL? Next generation business leaders representing family enterprises from the US, China and elsewhere Young professionals working in global corporations Those seeking to network with high-achieving entrepreneurs and family business leaders Emerge as an entrepreneur, grow as a business leader and define your future in the global economy Develop succession strategies for sustaining your enterprise over generations Expand your global business network Explore the commercial and cultural differences between China and the US Peer-to-peer learning and exchange of best practices 1

3 Curriculum A key element of GEL is the opportunity to visit major US and Chinese companies and meet C-suite and senior executives. Read the Special Features section on page 7 to learn more. New York City and Ithaca, NY, USA July 10 16, 2016 Why Family Business? Family Enterprise Best Practices Role of The Next Generation Leading a Family Business The Legacy Dilemma: Succession Planning Business Creation, Growth and Sustainability New York City Fire Department Firefighter for a Day Team Challenge Developing Your Leadership Presence Design Thinking Lab Family / Business Case Competition Building Cross-Cultural Competencies Company Visits PLUS: Cultural Immersion NYC Broadway Play and Night on the Town Finger Lakes Wineries Cornell University Campus Tour Cross-Culture Peer-To-Peer Learning Beijing, China July 17 24, 2016 China s Transformation and Global Implications Strategies for Entering the Chinese Market US-China Family Business Collaboration Chinese Family Enterprise Environment 21st Century Innovation in China Strategic Marketing in China Leadership: West vs. East Reemergence of China: Causes, Effects and Prospects Problems Faced by Next Generation Leaders Transitioning to New Leadership Professional Management vs. Family Leadership Monetizing Enterprise Value Company Visits PLUS: Cultural Immersion Meet Successful Chinese Families Hi-Tech Incubator The Role of Tea in Society and Business Chinese Martial Arts Sporting Event Healthy Chinese Eating Sightseeing, Including a Forbidden City Tour and a Great Wall Visit Professional Masters Certificate Participants who complete both modules in good standing receive a Professional Certificate from CKGSB and the Johnson School at Cornell University. Tuition: $29,500 (including lodging, select meals, classwork, materials, company visits and US and China cultural activities) Special pricing is available as follows: Registration prior to May 1: $25,000. A 20% tuition reduction for CKGSB and Cornell University alumni. A 50% tuition reduction for the second sibling of the same family. A 25% tuition reduction for the second employee of the same company. Please direct inquiries to Alan Chen (CKGSB) at or alanchen@ckgsb.edu.cn, or Daniel Van Der Vliet (Cornell) at or daniel.vdv@cornell.edu. 2

4 Faculty Faculty subject to availability and design modifications. New York City and Ithaca, NY, USA July 10 16, 2016 Professor Allan Filipowicz is Clinical Professor of Management and Organizations at the Samuel Curtis Johnson Graduate School of Management at Cornell University. His research focuses on how emotions drive or impede leadership effectiveness, at both the intrapersonal and interpersonal levels. His work has been published in the Journal of Personality and Social Psychology, Journal of Behavioral Decision Making, Journal of Operations Management, International Journal of Forecasting and Creativity Research Journal. He has taught executives across the globe, from Singapore to Europe to the US, with recent corporate clients including Medtronic, Bayer, Google, Pernod Ricard and Harley-Davidson. He received his Ph.D. from Harvard University. He holds an MBA from The Wharton School, an MA in International Affairs from the University of Pennsylvania, and degrees in Electrical Engineering (M.Eng., BS) and Economics (BA) from Cornell University. Steven Gal is a career entrepreneur and professor. He currently teaches entrepreneurship and innovation at Cornell Tech and Cornell University s Johnson Graduate School of Management, and serves as Vice Chairman at HangIt, an early-stage mobile technology company where he was the startup CEO. He has spent more than two decades as a technology entrepreneur and board director, serving as a senior operating executive or CEO at seven venture-backed technology companies. Three of these firms he co-founded, leading to over $100 million in venture financings, five successful sales and a NASDAQ IPO. He holds a Doctor of Jurisprudence degree from University of Southern California School of Law and a Bachelor's degree from Cornell University, where he serves as Chair of the Entrepreneurship@Cornell Advisory Council. 3 Risa Mish teaches courses in team leadership and critical and strategic thinking, in addition to serving as Faculty Director of the Johnson Leadership Fellows program. Professor Mish also runs a management consulting and training practice providing strategic advice and training to senior executives and human resources teams on a wide range of human capital issues, including effective team leadership; leading organizational culture change; critical thinking and problem solving; persuasion and influence; employee recruitment, motivation and retention; employee assessment, coaching, and performance management; resolving employee and team conflicts; and minimizing employment litigation risk. Before returning to Cornell, Mish was a partner in the New York City law firm of Collazo Carling & Mish LLP, where she represented management clients on a wide range of labor and employment law matters. Mish earned a BS with Distinction from Cornell University and a JD cum laude from Cornell Law School.

5 Professor Wesley David Sine is the Director of the Entrepreneurship & Innovation Institute and Professor of Management and Organizations at Cornell University, Johnson School of Management. His research focuses on the emergence of new economic sectors and entrepreneurship. His research context includes the United States, Latin America and the Middle East. He explores issues related to institutional change, industry and technology evolution, technology entrepreneurship, and new venture structure and strategy. He has examined diverse economic sectors ranging from the electric power industry to the emergence of the Internet. His teaching interests include entrepreneurship, commercializing university technology, and new venture growth. He has consulted and taught executives in Latin America, Asia, and the Middle East. Mary Wadsworth Darby joined CKGSB in 2016 and is Senior Director of CKGSB Americas, helping to identify CKGSB Americas strategic initiatives and build brand awareness in both North and South America. Previously, Mary worked for Morgan Stanley in Firm Management and headed the Asia and China Desks. She also worked as head of MSIM (Morgan Stanley Investment Management) in Hong Kong. Mary has worked extensively in China and Asia for more than 25 years. She founded Peridot Asia Advisors, a strategic transactions advisory firm. She also worked closely with Henry A. Kissinger and the late Cyrus Vance. Mary earned her B.A. degree from Princeton University. A fluent Mandarin speaker, she also holds an M.B.A. from Columbia Business School and an M.P.A. from Columbia School of International and Public Affairs. She is the Chair of the Hong Kong Association of New York; serves as a Senior Professional Fellow at the Chazen Institute at Columbia Business School; and was for many years a Trustee of Princeton in Asia. She serves as an Independent Director of the Industrial and Commercial Bank of China (ICBC, USA). She is also a member of the Council on Foreign Relations. Daniel G. Van Der Vliet is Executive Director of the Smith Family Business Initiative at Cornell University. Launched in 2014 and housed on the S. C. Johnson Graduate School of Management, the Smith Family Business Initiative at Cornell is developing programs, courses and content for students, business owners and next-generation thinkers in today s global economy. As director of the Family Business UVM (University of Vermont) from , Mr. Van Der Vliet worked with owners and their successors to find solutions that work for both family and business. He developed and taught Leading and Managing the Family and Closely Held Business, a course at UVM from Previously, as founding Director of the Vermont Business Center from , Mr. Van Der Vliet oversaw the launch and growth of the executive education curriculum and management development seminars at UVM. 4

6 Beijing, China July 17 24, 2016 Professor Li Wei is a CKGSB Professor of Economics and Director of the school s Case Center. He formerly served as a professor at the Darden Graduate School of Business, at the University of Virginia. Previously, he was a research associate at the University of Michigan s Institute for Social Studies and taught at Duke University s Fuqua School of Business. Professor Li s research has been published in the Journal of Political Economy, American Economic Review, Rand Journal of Economics, Journal of Law and Economics, Journal of Public Economics, and the Journal of Comparative Economics. He wrote the book Investing in Emerging Markets, published by the CFA Institute (formerly the Association for Investment Management and Research). His research insights have been featured in Foreign Affairs, The New York Times, The Los Angeles Times and CNN. He received his Ph.D. from the University of Michigan. Professor Li Yang is Assistant Professor of Marketing at CKGSB. He received his Ph.D. from Columbia Business School and had taught undergraduate and MBA classes before coming back to China. His research focuses on big data marketing analytics, with an emphasis on pricing, consumer choice and competitive strategy. Professor Li has published in leading academic journals such as Management Science and Journal of Marketing Research, and provided reviews for Operations Research and Management Science. Professor Li teaches marketing management, marketing research, managerial statistics for MBAs, big data marketing and Internet marketing for Executive Education. Professor Li earned a Bachelor s degree in electronics science from Peking University, a Master s degree in biomedical engineering from Columbia University, and worked for the United Nations in New York. He has consulted for Tencent, Baidu and Yonghui superstores. 5 Professor Sun Baohong is the Dean's Distinguished Chair Professor of Marketing and the Associate Dean of Global Programs. She also directs CKGSB's Customer Information Management Center. Prior to joining CKGSB in 2011, Professor Sun was Carnegie Bosch Professor of Marketing at the Tepper School of Business of Carnegie Mellon University. Professor Sun received her Ph.D. from the University of Southern California in 1997 and her B.A. from Renmin University of China. Her research focuses on rational and strategic consumer choices and dynamic structural models; dynamic and interactive marketing mix and customer information management; and, most recently, on modeling dynamic and inter-dependent consumer decisions on e-commerce and social media platforms.

7 Professor Teng Bingsheng is Associate Professor of Strategic Management at CKGSB and the Associate Dean of CKGSB s European Campus. He formerly served as a tenured Associate Professor of Strategic Management at George Washington University (GWU), where he was a doctoral advisor and lead professor of the departmental doctoral program. Professor Teng has published more than 20 articles in academic journals, including Academy of Management Review and Organization Science. His research is included in most textbooks on strategic management. An authority on strategic alliances, he has been interviewed by media such as The Wall Street Journal and The Washington Post. Professor Teng is a member of the Academy of Management and serves on the editorial board of the International Entrepreneurship and Management Journal. He has received many rewards for his research, including the Wendell and Louis Crain Research Scholar at the GWU School of Business. His biography appears in Who's Who in America and Who's Who in American Higher Education. Professor Xiang Bing is the Founding Dean and a Professor of China Business and Globalization at Cheung Kong Graduate School of Business. Prof. Xiang s research interests at CKGSB include the relationship between state and business, the reform of state-owned enterprises, innovation and the role of the private sector in China. He is a leading authority on Chinese business, innovation in China, the globalization of Chinese companies and the global implications of China s transformation. His writings and cases on these subjects are considered among the most influential in China. Prof. Xiang received his Ph.D. in business administration from the University of Alberta in Canada and his Bachelor s degree in engineering from Xi an Jiaotong University in China. Zhou Li joined CKGSB in July 2010 as an Assistant Dean. He is primarily responsible for the school s global programs and operations. He is also in charge of more than 10 research centers, including the Humanities and Business Ethics Center, China and the World Economic Center as well as the school s Knowledge Center and Case Center. He serves as the Chief Editor for CKGSB Knowledge, the school s English-language China business magazine. At CKGSB, Mr. Zhou has built and led a multicultural team that includes former executives of leading business schools in Asia, the US and Europe. He has initiated and participated in CKGSB s collaboration with leading global educational institutions, such as Harvard Kennedy School and Johnson School at Cornell University. Prior to joining CKGSB, Mr. Zhou worked in the corporate world for more than 20 years at various positions, including CEO, in telecom, IT, investment and consulting companies in Canada, Hong Kong and mainland China. Mr. Zhou received his Bachelor s Degree in Economics at Renmin University in China and his MBA degree at McGill University in Canada. 6

8 Special Features Company Visits Program participants will visit the sites of leading American, Chinese and multinational companies to learn, collaborate, and network with C-suite and senior executives. Site visits will be tailored to program participants and availability of select executives. Some potential locations: Google is a US-headquartered multinational corporation specializing in Internet-related services and products. The world s largest online businessto-business trading platform for small businesses. Bloomberg is a privately held financial software, data, and media company headquartered in New York City. Industrial and Commercial Bank of China is a Chinese multinational banking company and the largest bank in the world by total assets and by market capitalization. Team Building Experiential learning is a key component of GEL. Participants will tackle the New York City Fire Department (FDNY) Firefighter for a Day Team Challenge. This extraordinary day will include various drills requiring teams to work together as they enter the world of emergency response. Participants can enhance their teamwork and problem-solving skills, particularly trust-building, communication, performance under pressure and adaptability in the face of new situations. 7 Image Courtesy of FDNYFoundation.org

9 Testimonials Please find a number of testimonials from student participants from our previous program. Cornell and CKGSB were two of the primary partners. The program is a priceless experience... Within 30 minutes, I knew this program was worth everything and the relationships I have made will last a lifetime. The program is really helpful because it makes us understand how to deal with China, the way to collaborate with businesses in China and how marketing is viewed in China. Calvin Smith Head of Business Development at Eastern America Trio Products, Second Generation Family Business Leader The program offers a unique cross-cultural experience and prepares students to become future global business leaders. Faculty from two world-class schools Cornell and CKGSB come together and offer unparalleled expertise and education. There is no other program that has such high-caliber faculty, participants and networking opportunities. This is a once-in-alifetime opportunity. Nathan Young Master s Student at Cornell University, Columbia University 2014

10 It was unbelievable to me how everyone came together in this program. Through all of us being involved in the same intense, intellectually satisfying program at the same time, we had an amazing group experience. We moved beyond being friends and became a family. I am not exaggerating when I say there is only one way to describe this program. To put it simply, it is the best program ever. James Wan Fordham University Student, Majoring in Mathematics and Economics, Second Generation Entrepreneur Perfect! That s how I would describe this program: Just perfect. It s a perfect program for those who want to go into business and law. And the personal bonding that took place was unforgettable. The friends I made here I look forward to doing business with them. Eric Ding JD Candidate at Northwestern University, Founder of VisCorps Leadership Group I just made 20 new global friends. As we all grow and start different companies and head off in different industries, we will be able to rely on each other and have the great memories we are making right now. The most helpful aspect of the program were the connections I made, but the knowledge is amazing also. I thought I knew how I would one day do business with China but that has completely changed. 9 Stephanie Ball Recruiting Operations Coordinator at Bridgewater Associates, Third Generation Family Business Leader

11 Notable CKGSB Alumni It is a daunting challenge for a business school to bring so many truly A-list business leaders together, but CKGSB has managed to hit another home run. Jack Ma Founder and Executive Chairman, Alibaba Faculty (Chinese) entrepreneurs now have realized that there is nothing to be ashamed about in having a family business, and passing the business down through generations should be something they feel proud of. More and more entrepreneurs have realized they can keep their companies within the family. Teng Bingsheng Associate Dean, CKGSB One of the things that makes this program so unique and that excites me the most is that it is geared to such a diverse audience; people from different kinds of family businesses being taught by expert faculty who will tailor the learning to the needs of the participants. Elizabeth A. Mannix Associate Dean, Johnson Graduate School of Management at Cornell University 10

12 CKGSB JOHNSON at Cornell University Established in Beijing in November 2002 with support from the Li Ka Shing Foundation, CKGSB is China s first faculty-governed and independent business school. CKGSB boasts more than 40 full-time professors, who have earned their PhDs or held tenured faculty positions at leading schools such as Harvard, Wharton and Stanford. Their research has provided the basis for over 300 case studies of both China-specific and global issues. CKGSB also stands apart for its unmatched alumni network. More than half of CKGSB s 8,000+ alumni are at the CEO or Chairman level and, together, their companies accounted for one sixth of China s GDP in Headquartered in Beijing, CKGSB is also located in Shanghai, Shenzhen, New York, Hong Kong and London. The school offers the following innovative courses: MBA; Finance MBA; Executive MBA specializing in Finance, Healthcare or the Arts; Dual- Degree EMBA with IMD; Korean EMBA; Doctor of Business Administration; and Executive Education programs. The Samuel Curtis Johnson Graduate School of Management at Cornell University was founded in 1946 and named in 1984 after Samuel Curtis Johnson, founder of S.C. Johnson & Son. Johnson s location and connection to Cornell University, its collaborative environment that celebrates limitless thought and the ways in which it combines rich theory and real-world practice are what make the school and its thousands of students and loyal world-wide alumni one of the top business programs globally. For the last 60 years, Cornell s Executive Business Education has been a leader in providing dynamic programming to an array of domestic and international clients. The Smith Family Business Initiative, launched in 2014, is developing programs, courses and content for students, business owners and next-generation thinkers in today s global economy. Alan Chen CKGSB Tel: alanchen@ckgsb.edu.cn Daniel Van Der Vliet Cornell Tel: daniel.vdv@cornell.edu