Passing on the Baton in Family Business

ABOUT THIS COURSE

This course will teach you how running a family business is rooted in fostering a culture of empathy, patience, respect, and trust between the founder and the successor, i.e., the first-generation leader and the second-generation leader, and so on. This is the means for continuity in the family business – by passing on the baton.

It will offer you an insight into the creative tensions involved in managing a family business and why
defining a purpose and values matter in ensuring its success for years (and generations) to come.

Learning Outcomes
-Develop strategies for successfully navigating family business succession
-Analyze the factors influencing family business succession planning
-Evaluate the potential outcomes of family business succession plans
-Navigate complex family business and personal relationships

SESSIONS

Why Do Family Businesses Struggle?
How to start a family business successor’s journey
Successful Family Business Successions
Estuary Model – The Co-Existence of the Older
Generation & the Younger Generation
The Relationship between the Founder & the Successor
Vision, Values & Actions

Sessions

Minutes

Mr. Albert Teh

Founder, Loongsyn Sdn Bhd

Mr. Abel

Founder, Loongsyn Sdn Bhd

Mr. Albert Teh

Loongsyn started as a handling agent for fertilizers of ICI Agriculture Malaysia in Sabah. They then became an associated of IJM Plantations BHD when its management company invest in LSB. They then began to manufacture their own range of NPK in Sandakan. Majority of the shares were brought back from IJMP. Abel Teh, Albert Teh’s eldest son subsequently became managing director of LSB and together with other competent professionals, continue to serve more planters in Sabah.

Mr. Abel Teh

Abel loves to grow things! He manages two companies – a fertilizer business in Sabah called Loongsyn Sdn Bhd (loongsyn.com) and a hair growth business called Ooosh! (ooosh.my). He’s a husband of one wife, Krystina and a father of one son, Elliott. His life verse is Matthew 11:28-30 (MSG).

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Mr. Albert Teh

Mr. Abel Teh

Sessions

115

Minutes

ABOUT THIS COURSE

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SESSIONS

My Journey as a Dad
Practicing Self-Care as a Dad
Being a Single Parent
Challenges as Dad
Starting Dads for Life Movement

ABOUT THE COURSE MASTER

In 2004, Jason Wong initiated the Yellow Ribbon Project and chaired the Organising Committee for two years. He was awarded the Public Administration Medal (Silver) in 2002. In 2009, he helped conceive and launch the Dads for Life movement in Singapore. Today, he is actively involved in volunteering with causes that champion the family, mentoring fathers and young men. He is married with two adult children.

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