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Managing and Developing Family Businesses

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About this course

Family businesses come in all shapes and sizes. In the UK alone, they contribute £460 billion to the economy and employ over 12 million people *Institute for Family Business Research Foundation Report. However, running and working in a family business is not without its challenges. This short course explores some of the key issues faced by family businesses. It provides course delegates with the confidence and strategies to ensure they can develop and embed a positive culture, underpinned by effective working practices and remain forward-looking and inventive in their outlook.  

Delegates attending this course will explore succession, wealth planning and communication, offering new ways of managing long term challenges. The course will provide opportunities for networking and assimilation of best practice.

Learn from the Best

Dr. Anthony Devine gained a PhD in the area of family business and governance, with a particular focus on understanding ways to overcome succession challenges. He holds certificates in Family Business Advising (CFBA) and Family Wealth Advising (CFWA) from the Family Firm Institute (FFI) based in Boston, MA. He is also currently a faculty member for the FFI Global Education Network programme where he teaches family enterprises courses to family business members, aspiring family business advisors and those working with family firms at companies such as Wells Fargo, EY and RBS. He is currently working on research that explores how education in family issues impacts business practices.

Teaching and Assessment

Delivered through a series of highly interactive workshop sessions, the Managing & Developing Family Businesses - succession challenges and family wealth planning course does not include any assessments.

Learning Environment

This course is based at our City Campus East where you will have access to cutting-edge facilities with technology embedded through all aspects of your short programme. 

Research-rich Learning

Northumbria is a research-rich, business-focused, professional university with a global reputation for academic quality. We conduct ground-breaking research that is responsive to the science & technology, health & well-being, economic & social and arts & cultural needs of the communities.

Newcastle Business School (NBS) is the 8th most improved Business School in the recent 2014 Research Excellence Framework (REF) National Assessment.

Over 40% of our publication outputs and 60% of our impact case studies have been assessed as internationally excellent or world leading (3* or above).  NBS is a vibrant and research rich Business School with a history of applied research demonstrating strong engagement with the local economy, public and voluntary  sectors.

 

Course info

Award Type Certificate of Attendance

Delivery Method In person

Sector Leadership and Management, Financial and Legal Services

Study Mode 5 x 2 hour sessions

Location City Campus East, Newcastle Business School

Start Dates to be confirmed

Duration 10 hours

Session 1: Understanding your family: Getting to grips with genograms

In this session we will look at family enterprises through the lens of a family genogram. Whether you are a family member or working with a family, this session will show you how to construct a genogram and use it to help inform decision making. Understanding the nuanced relationships between family members (in family enterprises) is vital to understand the dynamics that exist between groups and individuals.

Session 2: Family enterprise dynamics: Gender, sexuality, outsiders and hierarchy

In this session we will build upon the previous one to explore the roles of gender and sexuality can impact on the family enterprise. Moreover, we will investigate the powerful influence of ‘outsiders’ namely: non-family members, most-trusted advisors and external services.

Session 3: Conflict management in family enterprise: Exploring some tools

This session focuses on understanding conflict within family enterprises. Using the previous two sessions we will explore how having an understanding of the family relationships, within a family enterprise, can help in the resolution of conflict. The session will utilise and explore some tools to help facilitate conversations in the resolution of conflict.

Session 4: Family Wealth: Managing wealth for generations to come

This session will explore how family enterprises manage wealth. It focuses on the management structures within family enterprises and the challenges that are faced by professionals working with and within family firms. This particular session will give the group the opportunity to share best practice given industry, location and generational influences.

Session 5: Communication, play and interaction: overcoming challenges in family groups

This interactive session will demonstrate how play can help to facilitate interaction and communication in groups. It is particular useful for family enterprises, but could also be used with any group that wants to improve communication. This innovative approach to facilitation is currently popular in East Asia, and has some excellent success in family retreats and business groups.

There are no minimum entry requirements

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Please register your interest for this course and we will be in touch once we have confirmed dates.

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