Family businesses often outperform nonfamily businesses. One of the primary sources of success for business-owning families is their focus on ensuring continuity of both the business and the family. Enterprise Ireland has identified this area as particularly important in the West of Ireland and this module addresses many of the challenges associated with planning for family/small business and ownership continuity or succession planning.
Assist in developing a vision to grow a family/small business in the Irish and International markets
Identify and discuss the opportunities and challenges of succession planning
Explain what is needed to prepare the next generation of owners and leaders in a family/small business
Analyse the range of ownership and leadership options to prepare owners and leaders for meeting an identified vision
Discuss the business and family governance issues required for business success and effective family decision-making
Explain the role organisational culture plays in helping to ensure continuity(succesison)