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The traditional manufacturing business model is changing. Industry 4.0 – the next phase in the digitization of
the manufacturing sector – promises to reshape every aspect of the factory and the supply chain.

Family business research and practice suggests that, compared to their non-family counterparts, family-owned businesses tend to be slower to adopt digital technologies.

How can family firms break away from the constraints of decision-making and become early adopters of technology i.e. pathfinders?

In the workshop, we will invite a selected group of delegates (either two or four members per firm) from medium-sized family-owned companies operating in the manufacturing industry to identify and reflect upon the long-term implications of Industry 4.0 and the actions that need to be taken.

The objective of this workshop is to think about how we should prioritize investments into Industry 4.0 technologies for a long-term future. Here, long-term means 20 years. Since forecasting these trends for 15-20 years is extremely difficult, we will provide you with the necessary tools to aid your thinking, “engineer” choice contexts, deal with uncertainty, and enact change effectively.

We will use the causal modelling toolkit to examine complex decision making situations involving multiple and interrelated cause-effect relationships;

We will use the scenario planning toolkit to think of multiple – and very different – plausible scenarios of the world that will be likely to affect the manufacturing industry.

TAKEAWAYS

You will better understand the following and more:

  • How to deal with decision making in contexts characterized by uncertainty.
  • How the traditional manufacturing business model is evolving, and what actions can be taken to prepare to future changes.

TESTIMONIALS

“The workshop has generated a more profound understanding of what is coming down the pike and how to prepare“

“We hope scenario planning will become integral part of our planning process that drives our decisions and investments”

Scenario Planning workshop organized by MIT Center for Transportation and Logistics

AGENDA AT A GLANCE

1#

Industry 4.0 Transformation and Family Firms

2#

Uncertainty Mitigation: Causal Modelling, and Scenario Planning

3#

Create your causal model & make your strategic investment decision

4#

Introduction to Scenario Planning

5#

Revise your causal model and strategic investment decisions

6#

Collective decision-making

Asia School of Business,
Sasana Kijang

Register Today
Programme Fee
MYR 5600 (FOR TWO PARTICIPANTS)
MYR 8800 (FOR FOUR PARTICIPANTS)

Please contact our Client Strategists for special discounts or customisations*.

Talk To Us

Or contact any of our Client Strategist:

Adeline Jayasuria:
+603 2725 9044
Cecilia Chan:
+603 2725 9050
Charmaine Augustin:
+603 2725 9042
Leona Wong:
+603 2725 9049
Lily Wong:
+603 2725 9052
Family-Owned Business Workshop
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