Some Useful Resources

EXECUTIVE EDUCATION ON FAMILY BUSINESS

Most family-controlled businesses in Nigeria suffer premature death no sooner than the original owner/founder dies. Lack of succession plans or inadequate succession plans is a major sustainability challenge of family controlled businesses in Nigeria. Unlike Nigeria, several family owned businesses have existed for over 100 years in the United States and E.U, some of which are but not limited to; IBM, Ford Motors, Coca-cola, General Electric, Nestle, etc.

Download Resource here....

___________________________________________________________

FAMILY BUSINESS IN ITALY

Located at the centre of the Mediterranean Sea and with 40 major ports and 42 airports, Italy is a strategic gateway for trade between Europe, Africa and the Middle East. • Thanks to highly attractive destinations for tourists, more than a billion passengers are served annually by the Italian infrastructure system.


Download Resource here...

____________________________________________________________

FAMILY OWNED BUSINESS:   GAINING COMPETITIVE EDGE THROUGH POSITIONING, MULTIPRENEURING AND INTERPERSONAL SKILLS.

Entrepreneurial decision process entails a movement from something to something – a movement from a present lifestyle to forming a new enterprise. The implications of this is that;

• Several Businesses are born in a year in the country.
• Some of them only live and die as ideas in the Memo and Article of Association.
• Some only live for the first year and fizzle out.
• Others live for a couple of years while
• Others continue to be, against all odds.

 Download Resource here..

____________________________________________________________ 

LEGAL CHALLENGES AND MANAGING CONFLICTS IN FAMILY BUSINESSES
The Institute for Family Business, UK reports that family firms account for a quarter of the United Kingdom’s Gross Domestic Product; employ about twelve million people; and contribute 125 Billion Pounds Sterling to the United Kingdom’s government through tax revenue.1 The Family Firm Institute INC. also reports that family firms account for two thirds of all businesses around the world; and that an estimated 70-90% of global Gross Domestic Product is created by family businesses.2

In the United States alone, family firms represent about half of the businesses, and it is estimated that just over half of all publicly listed companies are family-owned.3 Family firms range from small and medium sized entities to the large conglomerates that operate in multiple industries and countries. However, most family firms have short life spans, and it is noted that about 95% of family firms do not survive the third generation of ownership.4

This paper seeks to explain the family firm concept, advise on the legal structure and framework within the Nigerian Legal System, describe the evolutionary stages in the life cycle of a family firm, discuss some peculiar challenges faced by family firms and advise on ways to reduce conflict among its stakeholders.

Download Resource here ....

___________________________________________________________________

SUCCESSION PLANNING - PREPARING FOR THE NEXT GENERATION
What exactly IS Succession Planning? How can it help you to ensure your business outlives your tenure as CEO?

Succession planning is the preparation to ensure continued quality leadership of an organization from one generation to another.

The founder ensures succession planning is prioritized within the organisation - Develops a robust, effective talent management program - Sets timelines for own exit and determines the nature of transition