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“Familiness” is a resource that can create uniqueness and a critical source of competitive advantage to a business. Almost all companies start out 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 have the capacity to 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 Family Business Programme will draw together a cross-cultural team of lecturers and practitioners, and will focus on the African context of Family Business 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 3 day program will end in an interactive and exclusive roundtable session with top Family Business leaders and practitioners. The Family Business Programme will be held at SBS’s brand-new, state-of-the-art Nairobi campus.