In the economy of any country, family-owned businesses occupy a very special place. They are to be found in all sizes and organizational forms. A family business may be anything from a medium-sized business to a multinational corporation. Similarly, family businesses may be found in any sector and range from workshops and small service providers to hotels and tourism-related institutions, as well as any kind of industrial businesses. The main differences between businesses run by a family and companies run by a manager are illustrated by the so-called magical triangle of family, business, and ownership.
The Certificate Family Business program tackles the peculiarities of family-run businesses. It discusses their strengths and opportunities as well as the challenges and risks linked to them. The aim is to strengthen the participants’ role as entrepreneurs and secure their companies’ success in the future.
Participants are enabled to actively engage in the systematic planning of their family businesses’ future and learn how to take the necessary steps. The course in particular draws attention to the critical event of a business takeover, as this bears the largest challenge in the life cycle of many family-owned businesses.
After compelting the certificate course you will
be familiarized with the characteristic features of family-owned businesses and enabled to derive internal as well as external requirements and challenges,
learn how to identify the requirements and needs of individuals handing over or taking over a business as well as the conditions for the successful continuation of a company,
acquire application-oriented knowledge on how to successfully manage procedures in critical situations
learn how to apply appropriate methods and instruments to analyze and systematically master new challenges and conflicts.
The compact certificate course is particularly appropriate for owners of a family business or family members in a leading position eager to learn how to develop a successful future for their company, to prepare for the process of company takeover or succession, and to secure the company’s assets.
In cases where a company is preparing for takeover, it is highly recommended that both the person who is handing over and the person who is taking over participate.
Of course, individuals who are currently planning to take over an external business or have already completed takeover of an external business are also welcome to enroll.