“Familiness” is a resource that can create uniqueness and a critical source of competitive advantage to a business.
Almost all companies start as family businesses, but only those that master the challenges intrinsic to this form of ownership endure growth, maintain collegiality and harmony as a family and achieve success in the business.
In the process, they transition successfully across generations and proceed to prosper and diversify into multi-location and multi-industry businesses.
Family-owned firms can be top-performing companies in their respective industries while nurturing the common identity and care within a family. But at the same time, they are at the risk of family hazards that can overspill and engulf them. Family relationships are a double-edged sword for the family business.
The strong network of family relationships, the clear and shared objectives among family members are key benefits, as they enable the family business to forge a strong identity and common purpose. Yet the closeness of family relationships can also lead to disaster, due to conflicts between family members, and the difficulty in managing the relationship between the family, the business and the ownership.
The programme is for family business founders, 2nd, 3rd and successive generation family members who are currently executive directors, non-executive directors and board members of their respective family businesses.
Chief executives and board-level senior managers of family businesses may also attend if accompanied by family members who are directors of the family business.
The Family Business Executive Programme will draw together a cross-cultural team of lecturers and practitioners and will focus on the African context of family businesses with best practice insights from world-renowned family business societies and countries.
The teaching style is modern, lively and engaging, deploying brief knowledge sessions, videos, topical cases and interactive dialogue sessions.
The programme will end in an interactive and exclusive roundtable session with top family business leaders and practitioners.
Due to the COVID-19 pandemic, following the Ministry of Health guidelines and measures, we have switched the mode of delivery for the Family Business Executive Programme to be virtual/ online.