Family Business
Description
Family businesses often outperform nonfamily businesses. One of the primary sources of success for business-owning families is their focus on ensuring continuity of both the business and the family. Enterprise Ireland has identified this area as particularly important in the West of Ireland and this module addresses many of the challenges associated with planning for family/small business and ownership continuity or succession planning.
Learning Outcomes
Assist in developing a vision to grow a family/small business in the Irish and International markets.
Explain succession planning and how next generation owners/leaders can preserve and enhance the family business.
Analyse the range of ownership and leadership options to prepare owners and leaders for meeting an identified vision
Discuss the business and family governance issues required for business success and effective family decision-making
Explain the role organisational culture plays in helping to ensure continuity(succesison)