In Pakistan (as in the rest of the world) most businesses are Family Managed Businesses (FMB). As anyone familiar with the business landscape would know; Family can be an asset, as well as a liability for the Business, and vice versa. The course sheds light on Why and How a Family can be an asset for Business; and at the same time the Business can be an asset for Family, as well.
By the end of the program, participants will be able to understand:
- Why a Family is an asset for a Business, and When does it become a liability?
- What are the different Family Business Typologies, and the challenges a Family Business faces during transition between them?
- When is it better for the family to stick together during a family transition, and when to undergo a strategic split?
- How, What and When should a family plan for successful succession?
- What Professionalizing a Business and a Family mean, and How to go about doing it?
- How to begin drafting a Family Constitution?
- Introductory Session
- Terms & Definitions in Family Managed Business
- Strengths of Family Managed Businesses
- Ownership Dimensions
- Take-home Readings
- Managing Professionals
- Succession Planning
- Tacit Knowledge vs. Scale Economics
- Strategic Split
- Governance and Family Constitution
- Family Constitution Exercise & Presentations
Family Managers, Family Members (siblings, children, and spouses), as well as Senior Non-Family Managers of Family Managed Businesses. Multiple participants of the same Family Business are encouraged, to help build consensus on important issues, and initiate the process of Family Constitution Development.
IBA CEE Cancellation Policy for Open Enrollment Programs:
In the event of participant's cancellation, the following schedule will apply:
- 5 days before start of workshop - No cancellation
- Within 4 to 2 days prior to workshop Half program fee forfeiture
- Within 1 day and No Shows - Full program fee forfeiture
Cancellation notification must be made in writing to CEE.
Postponement
Due to any unavoidable circumstances, the workshop may be postponed by the institute. In case of postponement, the institute will refund full fee of the program or the participant may opt to defer his/her registration to the next program.
Substitute
Substitutes will be taken at least 2 days prior to the workshop. Should we be unable to accept your application for any reason, your payment (cheque/draft) will be returned to you.
Deferrals
All registrations deferrals must be requested in writing at least 2 days prior to the workshop. Send a note to the Program Registration Team indicating that you wish to have your registration deferred to another session of the same program within one year. The deposited fee will be carried forward. Please note that only one transfer is permitted. After one year, the deposited fee will be fully forfeited.
Dr. Rameez Khalid
Dr. Arif Iqbal Rana