Rania Labaki, Head of EDHEC Family Business Centre introduces the centre’s mission, objectives, education and research programmes.
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"Emotions flow from the family to the business, and vice versa, affecting both the family and the business. The family business should be viewed in a holistic perspective to account for the interaction between the emotional dynamics and the entrepreneurial, financial, governance, and succession decisions."
Director, Associate Professor, EDHEC Family Business Centre
The EDHEC Family Business Centre (EFBC) offers a holistic approach of the family business focusing on Business and Socio-Emotional dimensions at each level of our Research, Educational Programmes and Dissemination activities.
EFBC supports family businesses to deal with the challenges stemming out of their unique characteristics and the increasingly complex global business world. As such, EFBC offers new perspectives and innovative solutions on the following dimensions of the family business: succession, legal, financial and fiscal, social and entrepreneurial.
As such, EFBC seeks to :
We also seek to serve as a platform for generating academic insight into management and governance practices and to foster the family business entrepreneurial model. In doing so, EDHEC seeks to recognize and respond to the specificities of family business and support them to grow in an increasingly complex global business world.
The EDHEC Family Business Centre aims to support the family business communities: family members who are active in their family's business, non-active family members, non-family executives and managers working within family businesses, as well as consultants and practitioners working with family businesses (business advisors, lawyers, finance and wealth managers…). Whether on the national or international levels, the EDHEC Family Business Centre will achieve its mission through:
The EDHEC Family Business Centre’s objectives are to:
1-Become a leading reference on family businesses in terms of management training, research and international benchmarking. This will be achieved by:
Developing educational programs on the BBA and Master levels for EDHEC students;
Offering executive education courses at the EDHEC EMBA level as well as short programs (open enrolment seminars or customized training) for family-businesses.
Gathering data on family businesses in France and making the EDHEC Family Business Observatory a centre of reference.
Undertaking quantitative and qualitative research on the major research axes: Succession, Legal, financial and fiscal issues, social impact, intrapreneurship and entrepreneurship.
Publishing and disseminating this research (articles, books, case studies, participation in conferences and seminars).
Organizing events for the family business communities on the national and international levels (The EDHEC Family Business Conference, Academic conferences in collaboration with major dedicated organizations, family business and practitioners’ workshops and seminars…)
2- Exert a strong impact on SMEs and Intermediary Size Enterprises (ETI) in the regions where EDHEC’s campuses are located, in terms of the transfer of knowledge and expertise.
3- Raise awareness of family businesses especially for the next generation of young managers (in terms of career opportunities, management and governance approaches, and transmission) notably via case studies, training, interventions by family-business members and conferences.
An international team with various expertises allowing an holitistic approach of Family Business.
Management, Family Business
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The Family Business Centre provides custom solutions to meet the needs of family business executives and future executives.
The course offers students the opportunity to familiarize themselves with the organization of a family business and its challenges and have more specific exposure to family businesses in France and worldwide.
It allows students to understand the particularities of key topics when they relate to family businesses, such as ownership and managerial succession, strategic management, financial policies and business valuation, human resource management, governance, family dynamics and internationalization.
The goal is to enable students to study the problems and advantages of family businesses from a multidimensional perspective in a way that enriches their knowledge on family businesses and develops their analytical skills.
This elective offers fundamental knowledge on family business specificities as well as a method of family business diagnosis and development of an action plan, intended to prevent and solve the critical issues these businesses face.
As compared to other organizations, the family is the unique characteristic of family businesses representing their major strength. The managerial practices, financial policies and strategic orientation of family businesses are distinct, primarily due to the interaction of the family with the management and ownership. This often translates into higher levels of performance of family businesses than non-family businesses. However, the family can turn into a major weakness that threatens the survival of the business in the family’s hands.
Participants to the elective will develop a critical thinking on the advantages and major issues of family businesses. They will learn how to diagnose the family, business, and ownership systems that encompass the family business, and identify the solutions allowing to leverage the strengths while addressing the challenges towards improving the family business performance and chances for survival.