Leadership Programme Provides Next Generation With Platform For Success
7th March 2016
The next generation of family business leaders are set to benefit from an award winning programme designed to ensure their companies continue to thrive.
The Institute for Family Business’ (IFB) Next Generation Leadership Programme is the only course of its kind in the UK and has been developed to help prepare future owners of family enterprises for their new roles.
Divided into three modules, the IFB will teach up-and-coming leaders about the complexities and demands placed on those in positions of leadership in business families, providing in depth training, support and guidance on how to grow their enterprises while overcoming an array of challenges.
The programme, which received the Spear’s Wealth Management Next Generation Award 2014, will provide a varied mix of business theory, peer learning, mentoring and structured learning. Participants will also receive a business mentor – all of whom hold senior positions in their own family business –who may have faced similar challenges and concerns.
Elizabeth Bagger, IFB Programme Director, said: “As a business leader, seeing multiple generations of hard work and trusted family values flourish as a successful enterprise is a truly rewarding experience. It can also be an incredibly personal journey too which is not without its challenges. Learning how to better manage and overcome such challenges is extremely important and the Next Generation Leadership Programme provides in-depth training and support for individuals and teams – regardless of how big or small a role they play within their organisation.
“Past participants have seen a real surge in confidence after completing the course – from those who are just forging their career within their family business, to those who have been involved for many years. It is a fantastic opportunity to meet with like-minded individuals and learn practical skills that can make a big difference to the day to day running of a business.”
Juliette Johnson, the course director, said: “This unique course provides a fantastic trusted space for next generation family members to come together, learn from the experience of others and build their support networks. There will be the opportunity for next generation family business leaders to map out their own bespoke journey towards leadership, under the guidance of the programme and a mentor from a leading family firm. It’s challenging and requires real buy-in from all participants, but it’s an invaluable opportunity which certainly pays dividends in the future.”