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.

PGD SCM
PGD SCM

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
PGD SCM
PGD SCM

Program Director

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)
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PGD SCM
  • 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

Download Brochure Apply Online

Workshops

  • People Management
  • Wealth Management
  • How to Build a Global Family Business Brand?
  • Managing Family Businesses (10 workshop Series)
PGD SCM
PGD SCM

According to research by the Family First Institute, only 12% of family businesses survive the course of three generations. In our experience, the most frequent requests for assistance fall in the following non-exhaustive list of categories:

  • Lack of a shared vision and values
  • Family conflict
  • Communication breakdown and clash of personalities
  • Succession Planning

In order for family managed businesses to effectively manage generational transition and complexity, a good governance structure needs to be in place. Good governance helps eliminate differing visions and objectives among family members and ensures cohesiveness. Absence of good governance mechanisms such as the 'family constitution' often results in crisis.

The IBA's FMB Team and the family business (or client of IBA) work in partnership to understand the needs and develop the best possible solution. The FMB Team are specialists who have served extensively as FMB Mentors and who publish on the subject as well. Their successful track record with FMBs is a proof of their resourcefulness and wisdom to handle complexities and difficult relationships that are prevalent in FMBs.

Collaborations

AIFMB

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.

Events

August 6, 2021: Designing a Family Business Contitution Details

April 10, 2021: Webinar on "Emerging Need for Governance in Family Managed Business" Details

February 19, 2021: Webinar on "Women in Family Business" Details

January 27, 2021: Workshop on "Wealth Management for Family Owned Businesses" Details

November 4, 2020: Workshop on "How to Build a Family Business Global Brand?" Details

October 24, 2020: CEE IBA Conducts a Webinar on "Succession Planning for Family Business" Details

Apr 18, 2020: The IBA CEE Family Managed Business Program webinar on "Family Business Governance" Details

Apr 11, 2020: Webinar on Facing Adversity, Thinking Ahead Details

January 25, 2020: Wealth Management for Family Owned Businesses Details

January 3, 2020: Sixth batch of Diploma in Family Managed Business Details

May 09, 2020: Webinar on Looking Forward for Family Business Details

December 13, 2019: Guest speaker Session on "Multi-modal transportation" for the participants of Diploma in Family Managed Business (DFMB) Batch 5 Details

November 19, 2019: Customized workshop on "Family Business Governance" for United King Details

November 14 to 15, 2019: Customized Training Program on Public Sector Report Writing Skills for Government of Balochistan Details

November 11 to 13, 2019: Customized Refresher Training Program on Monitoring Techniques Details

October 17, 2019: Guest speaker Session on "Managing transitions and creating a legacy in family business" Details

October 15-16, 2019: The IBA CEE Family Managed Business Program organized a seminar titled "Managing a Family Business During Tough Economic Times" Details

August 5, 2019: Open House 2019 & Introductory Lecture Diploma in Family Managed Business Details

July 13, 2019: Diploma Awarding Ceremony of Diploma in Family Managed Business for Batch 3 & 4" Details

February 2, 2019: Disruptive Innovation: Preparing Family Business for the Future Details

January 5, 2019: Industrial Tour for participants of Diploma in Family Managed Business Batch III Details

Sep 28, 2018: IBA-CEE commenced third batch of Diploma in Family Managed Business Details

Jul 28, 2018: Diploma Awarding Ceremony of Family Managed Business & Strategic Marketing Programs, Center for Executive Education (CEE), IBA Details

Aug10, 2017: CEE hosted Seminar on Growth & Opportunities for Family Businesses for Dawoodi Bohra Community Details

Aug 4, 2017: IBA-CEE completed the 3rd series of workshops in Lahore on Managing Family Businesses Details

Greetings!

Want to know more about the Family Managed Business Program , please book an introductory call with our team.

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