AI for Family Businesses
The unprecedented speed of deployment and adoption of artificial intelligence in all business sectors in 2023 has raised the question of how AI will affect traditional family businesses. Some of these new products may increase efficiency and productivity, but others may pose a clear threat to entire business sectors and roles within companies. Thunderbird School of Global Management's AI for Family Businesses program delves into the ways families are challenged to make decisions on resource allocation to investigate and invest in new AI-based technologies. Learn about the repercussions of AI adoption in company culture, core business differentiation, employee safety, and intergenerational dynamics.
- Where to start, and which specific AI solutions are ripe for application for their family businesses?
- What are the requirements for AI adoption in terms of staffing, infrastructure, and capital?
- Who should lead the transition to the AI era?
- How and can family members and employees best train and upskill to reap the efficiency gains provided by AI?
- How can employees and organizations be best protected from the threats posed by AI in terms of privacy and displacement?
Who should attend?
Members of family businesses and enterprises, family offices and executives in charge of strategic decisions on innovation and adoption of new technology. Participation by multiple generations and members of each family is encouraged.
"Artificial Intelligence is the most consequential disruption in the world of technology since the invention of the internet. It will change every business sector and every job description in the next decade. The question is not how AI will affect our core business; instead, the question is how will we use AI to serve our purpose?"
- Rebeca Hwang, professor of practice at Thunderbird School of Global Management
In person session:
May 13, 2024
Breakfast and 1:1 coaching with faculty
10-11: 30 a.m.
Introduction to AI and its repercussions in family businesses
11:45 a.m.-1:15 p.m.
AI as the most significant disruptive innovation of our generation
1:15- 2:45 p.m.
Creativity, tools, and Skills for the AI generation
AI in practice. How to adopt AI today in your family business
May 14, 2024
|Breakfast and 1:1 coaching with faculty
|The newest trends on AI, VR, and AR
|11:15 a.m.-12:30 p.m.
|Armando Viteri and Nissim Ozer
|Preparing for the AI transition:
|12:30- 1:30 p.m.
|Peer to peer
|Working lunch. Peer-conversations on applicability of the tools and strategies in their businesses.
|Interactive workshop. Creativity and innovation under pressure during the AI era
|Staffing your AI transition team: HR considerations in building your dream team
|Wrap up and final exercise: putting together your blueprint for your organization’s AI transition.
1:1 Coaching Session:
50 mins each on March 1, 2024 in Los Angeles
Participants can also choose to take part in this personalized 1:1 coaching session, with renowned AI experts, that equip them with the knowledge and strategies to prepare their family business for the transformative power of Artificial Intelligence. The cost of this 1:1 coaching session is $500.
2 Days from May 13-14, 2024 at the Thunderbird Headquarters in Phoenix, AZ.
Participants will take the virtual session and participate in the in-person program on May 13-14, 2024 with industry experts at the Thunderbird headquarters located in Phoenix, AZ. The cost of this module is $3,500.