Description

Family businesses are unique organizations in which family ties and entrepreneurial goals come together. This special dynamic can bring both opportunities and conflicts arising from the areas of love, money and power. This course teaches how to manage such conflicts through clear communication and leadership rules, defined compensation structures and thoughtful legacy planning. You will learn how a strong, practiced value system can serve as a foundation for success in a family business. The concept of governance, which ensures that the company remains stable in the long term and continues to develop, is also highlighted.

The course addresses common challenges faced by family businesses, such as achieving independence from banks or avoiding strategic stagnation. Using examples of successful family businesses, you will learn how they implement their long-term perspective, cultivate their corporate culture and overcome strategic rigidity. The course will help you to understand and strengthen the “DNA” of your own company in order to ensure future success across generations.

Learning objectives:

• Understanding the challenges and opportunities associated with combining family values and entrepreneurial goals.

• Learning methods for conflict resolution and creating stable structures in family businesses.

• Identification and analysis of weaknesses that could jeopardize long-term success.

• Developing a robust strategy and a sustainable organization.

• Learning from the best practices of successful family businesses.

• Understanding the importance of governance and succession planning to secure the company for future generations.