17 July 2020
Family Business and Governance
In this course, we will explore the multiple factors that determine the long-term success of family businesses. Businesses owned and operated by families constitute the majority of firms around the world and may be found in all industrial segment, from retail to heavy manufactures. Family-owned businesses are the backbone of many economies around the world and it is estimated that the total economic impact to global GDP is over 70%. To understand how family culture effects business and management, we will have a deeper look at the ‘Silent Power of Family Business’ – the DNA.
Together we will analyse the family business DNA, built on trust, traditions, informality and family values, to understand how these characteristics help companies identify with and support their business, becoming an anchor for employees and external relations alike. We will see that this DNA can have a positive effect on the vitality of the business but can also destroy the company. Generation changes, lack of suitable successors, different core values, family relations, confidence and trust, personal ambitions and drive can all drive a wedge in the lasting success of a family owned business.
Kees van den Hombergh
Interested in family business, entrepreneurship, leadership, marketing and communication and organisational science.
This course will explore:
• The relationship between family values and family business.
• What makes family businesses so powerful?
• Rhineland versus Anglo-Saxon system.
• The next generation: the succession process.
• Who’s in charge?
• Entrepreneurship and innovation.
• Why would you like to work in a family business?
EUR 598: €598 per programme