definition for: #FamilyBusiness101

#FamilyBusiness101 hosted by #IFFB is the premier family business course in Kenya and East Africa Region. The program actively help you expand your knowledge of successful family firms and better understand, and navigate specific challenges and critical issues in your own family business. Target Participants: Owners-Managers, Business-Owning Family Members, Non-Family Managers, Board Members.

#FamilyBusiness101 hosted by the Institute For Family Business (IFFB) Nairobi #IFFB_Kenya is the premier family business course in the region. The program actively helps you expand your knowledge of successful family firms and better understand and navigate specific challenges and critical issues in your own family business. Target Participants: Owners-Managers, Business-Owning Family Members, Non-Family Managers, Board Members. #FamilyBusiness101 will give you insights into:  The best strategies and governance structures to preserve and grow your family business and wealth.  How to optimize communication and strengthen team spirit amongst family members.  How family members, non-family managers and board members can add value over generations.  How to develop and implement various business strategic, governance and practical legacy action plans. The program helps you analyze your business today and reshape it for tomorrow. It is an opportunity to network, share and benchmark with other family firms, all with similar dilemmas. Learn from each other and tap into the #IFFB_Kenya has long-standing experiences with some of the most successful family businesses in Kenya and the region. The curriculum has been carefully built from actual real life scenarios with a rich variety of case studies, selected articles, videos and relevant exercises.A carefully selected team of industry experienced faculty, professionals and guest speakers from various expert fields form part of the team during the course. The program has 4 modules to be covered in 4 months. The first two modules focus on the soft psychological, social and cultural family business matters and the second two modules focus on the technical business and governance family business matters. Participants will be required to attend the 2 days or 3 days as per the specific module. There will be one-on-one executive coaching and industry visits between the modules. The modules will have personal assignments to be done to ensure that the concepts learned are put to practical application and that progress is continuously being made in developing a personal and family business plans. Expected Learning Outcomes Analyse your family business today and reshape it for tomorrow: 1. Better understanding of the family business model and dynamics. 2. Learn how to leverage the strengths of family business management and successfully implement practices that drive high performance, shareholder loyalty—and healthy family relationships. 3. Navigate specific challenges and critical issues in your family business. 4. Probe key issues facing family businesses: growth, risk, governance, investments, projects, succession, sibling rivalry, wealth and culture. Institute For Family Business (IFFB), Landmark Plaza,13th Floor, Hurlingham P.O. Box 16776-00100, GPO Nairobi. Tel; + 254 732 998 655, + 254 722 259 855, Landlines: +254 791 695 511/ 12/ 14 info@institutefamilybusiness.co.ke www.institutefamilybusiness.co.ke 5. Learn to manage conflict, complex family structures, diverse personalities and difficult relationships 6. Benchmark best practices to broaden your understanding of successful family businesses 7. Get concrete take-home value to drive overall performance 8. Develop a concrete action plan for career planning, talent development, family meetings, family agreements and governance.