Succession in Family Business

Small steps for bigger success

About Project

Succession in Family Business

Small steps to bigger success – foster successful succession in the family business (SiFB)“ is an Erasmus+ project addressing KA2 Collaboration partnership in vocational education and training. SiFB aims to build a microlearning program for entrepreneurs to foster better and more successful succession in the family business.

Five esteemed institutions are collaborating on the project, including Luxembourg School of Business (Luxembourg) as a project leader, EDHEC Business School (France), Jonkoping International Business School (Sweden), Zagreb School of Economics and Management (Croatia), and WHU Otto Beisheim School of Management (Germany).

 
MODULE 1

IDENTIFY

Transgenerational Entrepreneurship
How can we preserve and renew?
 
Gap Analysis (Skills and competencies)
How can we map skills and competencies?
Purpose
and Goals
How can we define goals and purpose?
MODULE 2

MOTIVATE

Value
creation
What opportunities can I have on my Family Business?
Next-generation involvement
How can I get involved?
 
Selection
process
How can I prove my legitimacy?
 
MODULE 3

DEVELOP

Ownership development
What does it take to be a Family Business owner?
Leadership development
What does it take to be a leader in a Family Business?
Emotional Development
How can I deal with emotions?
 
MODULE 4

ONBOARD

Communication
 
How do we communicate within the family?
Doing business together
How do we make decisions together?
Professionalizing
the family
How can we better use governance structure?

Partners

Participants of the project are 5 universities from Luxembourg, Germany, France, Sweden, and Croatia.

Faculty

Massimo Baù

Jönköping International Business School

Ivija Bernatović

Zagreb School of Economics and Management

Fabian Bernhard

EDHEC Business School

Matea Hanžek

Zagreb School of Economics and Management

Nadine Kammerlander

WHU - Otto Beisheim School of Management

Rania Labaki

EDHEC Business School

Simone Møkster

Jönköping International Business School

Nikol Njavro

Luxembourg School of Business

Rolf Wilmes

WHU - Otto Beisheim School of Management

GO to the course!

The main deliveries from this project are 12 learning videos and 4 cases displayed below
 

Identify

 
Transgenerational Entrepreneurship
Gap Analysis (Skills and competencies)
Purpose and Goals
Case 1
 

Motivate

 
Value creation
Next-generation involvement
Selection process
Case 2
 

Develop

 
Ownership development
Leadership development
Emotional Development
Case 3
 

Onboard

 
Communication
Doing business together
Professionalizing the family
Case 4

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