Family Business Executive Program

Strathmore Business School

How long?

  • 3 days
  • online

Strathmore Business School

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Who should attend

The Family Business Program is reserved exclusively 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.

About the course

“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.

Programme Objective

The programme aims to impart on participants practical skills and best practice insights needed to sustain family businesses through generations.

Key Focus Areas

This 3-day programme will equip you in answering:

  • What is a family business strategy? How can it be linked with corporate business policies?
  • What is the foundation for a truly viable multi-generational family business?
  • What elements will keep harmony and balance in the family, and the business afloat through economic changes and generational changes?
  • What are the dynamics and links that affect the family, the business and ownership?
  • Has your family set up the policies and structures that guide the family and the business?
  • Has conflict been anticipated? Is there a conflict management policy?
  • How will the family entrepreneurial spirit be maintained as the family grows?
  • What risks does the family business face with family values in a rapidly changing society?
  • What is the family business succession plan? Is it documented?
  • As a leader how do I make siblings work together, hold the dream and maintain the legacy?
  • What drives and supports the sustainability of family-owned businesses?
  • What are the legal structures for succession planning?
  • What is proper governance and structuring in family-run businesses?

Program Delivery

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 3-day programme will end in an interactive and exclusive roundtable session with top family business leaders and practitioners.

Experts

Paul Ouma

Paul Ouma is an executive education leadership and management trainer, business consultant, coach and business school faculty member. He has a wealth of local and international senior management and board of directors level experience acquired in blue-chip multinational companies in the region sp...

Videos and materials

Family Business Executive Program at Strathmore Business School

From  $700

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Disclaimer

Coursalytics is an independent platform to find, compare, and book executive courses. Coursalytics is not endorsed by, sponsored by, or otherwise affiliated with any business school or university.

Full disclaimer.

Because of COVID-19, many providers are cancelling or postponing in-person programs or providing online participation options.

We are happy to help you find a suitable online alternative.