InnoBiz Association Announces Recruitment for 2nd Generation Next-Generation Executive Academy Trainees

A Company Built by Founders, Nurturing Next-Generation CEOs to Lead the Path of Growth

The Inno-Biz Association (Small and Medium Business Technology Innovation Association) is stepping up to support Inno-Biz companies and member firms in preparing for the future and strengthening their capabilities to respond to the business environment.

The Inno-Biz Association announced on the 9th that it will hold the "2nd Next-Generation CEO Academy," attended by about 40 second-generation business owners and early-stage startup CEOs, starting from the 26th.

The completion ceremony of the 1st Next-Generation Executives Academy held on July 11. In the front row center of the photo is Jeong Gwangcheon, President of the Innobiz Association.
[Photo by Innobiz Association]

The average business age of Inno-Biz companies is 19 years, with about 79% still managed by their founders, and 42% of all CEOs are aged 60 or older, making systematic succession planning urgently needed. Accordingly, the association newly launched the "1st Next-Generation CEO Academy" in April this year, operating it in an action-learning format where participants present and discuss real-world problems they face in their work alongside lectures to find solutions.

Godonghwan, CEO of Jeil FA Co., Ltd., who completed the first course, said, "As a second-generation business owner, this program was like an oasis in the middle of a desert, offering new paths at a time when I was contemplating learning, communication, and other changes."

Park Kyung-geun, manager at Ilgwang Co., Ltd., shared, "It was a time to receive new energy for life through fellow participants, and in applying what I learned directly to my work after completion, I feel that if I had encountered this program earlier, both I and my company could have grown much more."

With such high satisfaction among graduates and continuous requests from Inno-Biz companies and members, the association has prepared the "2nd Next-Generation CEO Academy" additionally.

The main training contents include △Management Strategy Module (crisis management, motivation, organizational culture formation, communication, etc.), △Leadership Module (practical solutions applicable to companies), △Innovative Growth Module (inter-company cooperative R&D, M&A, digital transformation, and new leaps), △Networking Module (providing opportunities to share mutual understanding and camaraderie among participants), and a generational empathy training session with founders.

Jung Kwang-cheon, chairman of the Inno-Biz Association, said, "We prepared this training course to provide answers to the difficulties of continuing second-generation management amid rapidly changing economic environments such as AI and digital transformation," adding, "We hope that next-generation leaders who have inherited the founders' DNA will create a future vision for their companies' new leaps."

Meanwhile, the 2nd Inno-Biz Next-Generation CEO Academy will be held every Thursday from 2 PM to 6 PM for 12 weeks starting on the 26th, with about 40 participants selected. For detailed information, please refer to the notices on the association’s website or contact the association directly.

This content was produced with the assistance of AI translation services.