Successful family enterprises – often encompassing both a family business as well as a family office - play an integral role within the entrepreneurial and funding ecosystems. They are the backbone of economies globally, with more than 5 million family firms in the UK alone employing over 13 million people. In the Middle East, family-owned businesses contribute 60% of the GDP and employ more than 80% of the workforce. It is the purpose of family enterprises that marks their distinction, with their longevity across multiple generations being their driver.
Successors to the helm are custodians of the entity for future generations and are charged with creating a stronger organisation than the one they have inherited. They strive to make an ongoing difference, through the creation of income, jobs, and wealth, often reflecting and embracing their original location to safeguard their role as part of the fabric of their community.
Whilst all businesses need to change over time, to meet challenges, expand into new markets or products, seize new opportunities or simply to make an existing product more relevant for the prevailing market, family enterprises must balance their ongoing evolution with the same inherent traits that make them unique.
To address these challenges, the consolidation of family businesses and family offices as ‘family enterprises’ within the Institute of Entrepreneurship and Private Capital (IEPC) reflects the scope of our reach across all aspects of entrepreneurship and private capital. We regard the relevance of our world-class research and teaching, as well as our activities and resources available to family enterprises across the world as being fundamental to preserving and supporting this exceptional genus of businesses.
Family Office Conference
The Family Office Conference at LBS brings together principals and senior executives in a confidential setting without interference from service providers and exposes them to leading academic and practitioner insights while engaging in joint learning and knowledge sharing.
The CFO Private Business Forum is an exclusive event organized by the Institute of Entrepreneurship and Private Capital (IEPC) at London Business School aimed at family business or privately held company CFOs.
The Family Business Club brings together the family business community at LBS and inspires the desire to have a profound impact on the way the world does business.
Educating the executives and next generation of a family enterprise equips them for leadership and ownership to ensure that they become true assets of the business. At London Business School we offer a variety of lifelong learning options, whether through an MBA program to develop individuals into well-rounded executives, or through executive courses and open programs that are more focused. The following is a portfolio of topics available from the School that are most typically relevant to those working in a family business.
MBA Electives
A selection from an inspiring choice of more than 80 electives
Family Business: A Guide for Owners, Managers and Advisors
Strategic Innovation
Intro to corporate governance and board effectiveness
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