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Governance, Challenges and Possibilities in Family Business

 

Program Description

Many family businesses are transitioning into the complex process of a new generation of leaders. Their success and continuity depend on the leadership effectiveness of those at
the top. This program is designed to address the multifaceted dynamics of a family business and establish a foundation for long term business success, that safeguards the legacy of
founders and family values.

The American University in Cairo (AUC) School of Business (BUS), Babson College and the International Finance Corporation (IFC) are jointly constructed this program to enhance family business leaders’ abilities to leverage the intrinsic strengths of their family enterprises and to implement practices that drive high performance and healthy family relationships.

  • We recommend that participants attend the program in teams of at least two to three members from the same family business. This may include non-family members.

    • Develop and strengthen corporate governance of family business to improve performance and access to finance, while increasing the odds of survival through generations
    • Reflect on family, business and entrepreneurial legacies that past generations have provided to current family members and imagine how they can lead to possible futures
    • Identify the characteristics of successful entrepreneurial families and explore ways for families to support and pursue entrepreneurship within and across generations
    • Discuss business model innovation in the family business and the impact on workplace dynamics
    • Understand common cultural traits and psychological aspects of family businesses and how they directly impact key decisions