Unique course to help family businesses this summer at UWE

Issue date: 19 July 2010

University of the West of England Generation2Generation
16 to 20 August 2010 Bristol Business School, UWE

Please note - due to illness, this course has been rescheduled for March/April 2011.

The decision to sell; pass on or simply carry on and do nothing; is an issue facing many of the UK's family owned and run businesses. If the decision is to pass on the business to the next generation, this process can often be complex and difficult.

To address this extremely important issue at an early stage in the process of transition, a unique five day residential course aimed at family businesses is being held this summer by experts from Bristol Business School at the University of the West of England, The International Centre for Families in Business and Veale Wasbrough Vizards, Lawyers.

Generation2Generation(G2G) will present a chance to explore the unique and complex nature of the family business with a particular emphasis on succession planning.

Dr Lorna Collins explains, “The course draws on the experience and expertise of leaders in family business education, research, training and consultancy from across the UK.

“Research has shown that 34% of businesses transcend two2 generations but by the time the third generation gets a foothold this figure falls to a mere 9% business survival rate. The three pillars of family business survival are succession planning, governance and family dynamics.

“We will look at the 'how' and 'why' of the unique challenges experienced in managing a family owned or managed business. We will develop the skills needed to be a successful manager and gain a better overall understanding of business from a multi-faceted and
entrepreneurial perspective.

“The course will suit recent students or graduates who expect to have or who are thinking of a management career in their family owned or managed business. Next generation family business owners who have little or no knowledge of business and who are considering whether a career in the family business is right for them will also find this course useful.”

The course leaders include Dr Lorna Collins, Dr Sonia Davies and John Tucker, Directors of The International Centre for Families in Business and Nicholas Smith, Head of the Family Business Team at Veale Wasbrough Vizards.

For more information on the course see: Generation2Generation

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