Succession in Family Business

Small steps for bigger sucess

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?

Faculty

News

“The European Commission support for the production of this publication does not constitute endorsement of the contents which reflects the views only of the authors, and the Commission cannot be held responsible for any use which may be made of the information contained therein.”