Importance of Family Managed Business Program
In most economies, family businesses account for two thirds of businesses with an estimated 70 to 90% contribution to Global GDP (Family First Institute). 33% of the Fortune Global 500 are linked to family managed businesses (Deloitt¬e). Family businesses create 50 to 80% jobs worldwide. With contributions to national income, growth and employment, family businesses truly serve as the bedrock of any economy. In addition, family businesses the world over have a significant share in philanthropic efforts.
Only 3% of all family businesses worldwide remain in business for more than three generations
Family firms differ from other businesses as they combine family and business. This distinctive feature is an asset but may turn into a liability if not managed effectively as family managed firms evolve they become complex. The transition from first generation (founder) to the second (Sibling partnership) and third (Cousin Confederation) generation presents a number of questions related to governance and continuity. Research indicates if a structured approach is not employed during each transition there is a high likelihood that the family business may not achieve its full potential and succumb to competition as a result of infighting.
"Most critical issues facing family businesses are family based issues more than they are business based issues"
About IBA CEE Family Managed Business Program
The Family Managed Business Program was conceptualized to focus on the unique needs and challenges faced by family businesses. The program is led by Ms. Aysha Anas Iftikhar, Family Business Expert & Academic Director.
The CEE-IBA has the distinction of introducing family managed business education in Pakistan. Since 2012, the Center for Executive Education has hosted workshops in Karach, Lahore, Islamabad, Gujrat, Gujranwala, Sialkot, Faisalabad and Multan.
Family business owners, employees working for family businesses, spouses and next generation family members have attended these workshops. Each of them, without exception, is looking forward to the future with great optimism.
Family Managed Business Program has also hosted programs for leading communities and associations including Karachi Chamber of Commerce & Industry (KCCI) Lahore Chamber of Commerce & Industry (LCCI), Pakistan Gems & Jewelry Development Company (PGJDC), Small and Medium Enterprise Development Authority (SMEDA), Pakistan Association of Automotive Parts (PAAPAM), Bohra & Khoja Community and Delhi Saudagran Youth Forum.
Program Theme
- Navigate challenges of family, management, and ownership unique to family business
- Build alignment of family members through a shared vision
- Structure family business governance for growth and multigenerational transitions
- Benchmark business functions to drive overall performance
- Create a wealth management strategy for the family and the business
- Nurture harmonious relationships through mindful communication and conflict resolution
Program Director's Message
Greetings! From the Family Managed Business (FMB) Program at IBA.
A pioneer of family business education in Pakistan, the FMB program partners with family businesses to scale and secure their legacy for generations. Our unique model leverages matchless family business insights to help businesses overcome challenges and gear up for opportunities.
Aysha Anas Iftikhar
Program Director
Family Managed Business Diploma Theme
- Only dedicated program for the next generation of family managed business
- Curriculum includes Governance, Family Constitution, Succession Planning, Family Business Continuity
- Faculty with insights on Pakistani and internationally managed family businesses
- Involvement of family business mentor during design of profit and process improvement plan (PPIP)
- Experiential learning through industrial visit
- Guest speaker sessions with eminent local Life persons and international experts
- Application of on campus learning through continued immersion into the family business
- Lifelong Networking with faculty, peers and alumni spread across the globe
Workshops
- People Management
- Wealth Management
- How to Build a Global Family Business Brand?
- Managing Family Businesses (10 workshop Series)
Welcome! to our Family Business Governance Advisory Services, where we provide expert guidance and support to family-owned businesses seeking to establish effective governance structures and processes. As a team of trusted advisors, we understand the unique dynamics, challenges, and opportunities that arise in family businesses, and are committed to helping you build a strong foundation for sustainable growth and success across generations.
Whether you are looking to create a family constitution or establish a family council, develop a succession plan, or enhance communication and decision-making processes, our bespoke advisory services are designed to meet your specific needs and aspirations, empowering your family business for generations to come.
Contact us
Aysha Anas Iftikhar
Program Director Family Managed Business Program
Tel: (021) 38104700 (Ext: 1821)
Email: aaiftikhar@iba.edu.pk
Abdur Rehman
Senior Executive
Tel: (021) 38104700 (Ext: 1812)
Email: marehman@iba.edu.pk
Collaborations
The Center for Executive Education (CEE) has entered into a partnership with the Asian Institute of Family Managed Business (AIFMB), a 'not for profit' center working to promote the growth of Family Business Entrepreneurship. The center works with leading faculty and family businesses within the region to promote family business education.
Chamber and Trade Associations
The Family Managed Business works with Chambers and Associations to create awareness on challenges and their possible solutions related to family business.
Webinars
The Family Managed Business Program at Institute of Business Administration regularly organizes webinars on topics impacting family businesses.
March 18, 2022: Creating a Successful Multigenerational Family Business 
August 6, 2021: Designing a Family Business Contitution 
April 10, 2021: Webinar on "Emerging Need for Governance in Family Managed Business" 
February 19, 2021: Webinar on "Women in Family 
October 24, 2020: Webinar on Succession Planning for Family Business 
May 21, 2020: Webinar on Induction of Next Gen into the Family Business 
May 09, 2020: Webinar on Looking Forward for Family Business 
April 18, 2020: Webinar on Family Business Governance
April 22, 2020: Webinar on Mindful Communication for Family Business Harmony 
April 11, 2020: Webinar on Facing Adversity, Thinking Ahead With Hiten MuchhalaEvents
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March 17, 2023: The IBA CEE Family Managed Program hosted the inaugural session of the "Family Business Next Gen Forum" Details |
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November 24th, 2022: Industrial visit of Diploma in Family Managed Business Batch 9 Details |
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November 19th, 2022: Guest speaker Session for the Participants of Diploma in Family Managed Business (DFMB) Batch 9 Details |
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November 12, 2022: Guest speaker Session for the participants of Diploma in Family Managed Business (DFMB) Batch 9 Details |
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June 8, 2022: Guest speaker Session for the participants of Diploma in Family Managed Business (DFMB) Batch 8 Details |
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May 2022: DFMB Alumni Spotlight Details |
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May 07, 2022: Guest speaker Session for the participants of Diploma in Family Managed Business (DFMB) Batch 8 Details |
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March 26, 2022: Batch 8 of Diploma in Family Managed Business visits International Industries Limited as part of Industrial tour Details |
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March 18, 2022: Creating a Successful Multigenerational Family Business Details |
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January 22, 2022: Orientation Ceremony Batch 9 Diploma in Family Managed Business Details |
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August 6, 2021: Designing a Family Business Contitution Details |
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April 10, 2021: Webinar on "Emerging Need for Governance in Family Managed Business" Details |
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February 19, 2021: Webinar on "Women in Family Business" Details |
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January 27, 2021: Workshop on "Wealth Management for Family Owned Businesses" Details |
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November 4, 2020: Workshop on "How to Build a Family Business Global Brand?" Details |
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October 24, 2020: CEE IBA Conducts a Webinar on "Succession Planning for Family Business" Details |
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Apr 18, 2020: The IBA CEE Family Managed Business Program webinar on "Family Business Governance" Details |
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Apr 11, 2020: Webinar on Facing Adversity, Thinking Ahead Details |
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January 25, 2020: Wealth Management for Family Owned Businesses Details |
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January 3, 2020: Sixth batch of Diploma in Family Managed Business Details |
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May 09, 2020: Webinar on Looking Forward for Family Business Details |
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December 13, 2019: Guest speaker Session on "Multi-modal transportation" for the participants of Diploma in Family Managed Business (DFMB) Batch 5 Details |
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November 19, 2019: Customized workshop on "Family Business Governance" for United King Details |
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November 14 to 15, 2019: Customized Training Program on Public Sector Report Writing Skills for Government of Balochistan Details |
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November 11 to 13, 2019: Customized Refresher Training Program on Monitoring Techniques Details |
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October 17, 2019: Guest speaker Session on "Managing transitions and creating a legacy in family business" Details |
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October 15-16, 2019: The IBA CEE Family Managed Business Program organized a seminar titled "Managing a Family Business During Tough Economic Times" Details |
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August 5, 2019: Open House 2019 & Introductory Lecture Diploma in Family Managed Business Details |
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July 13, 2019: Diploma Awarding Ceremony of Diploma in Family Managed Business for Batch 3 & 4" Details |
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February 2, 2019: Disruptive Innovation: Preparing Family Business for the Future Details |
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January 5, 2019: Industrial Tour for participants of Diploma in Family Managed Business Batch III Details |
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Sep 28, 2018: IBA-CEE commenced third batch of Diploma in Family Managed Business Details |
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Jul 28, 2018: Diploma Awarding Ceremony of Family Managed Business & Strategic Marketing Programs, Center for Executive Education (CEE), IBA Details |
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Aug10, 2017: CEE hosted Seminar on Growth & Opportunities for Family Businesses for Dawoodi Bohra Community Details |
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Aug 4, 2017: IBA-CEE completed the 3rd series of workshops in Lahore on Managing Family Businesses Details |