Managing Family Business Growth

A key challenge for family businesses in Nepal is developing their capacity to scale up and managing business growth. Hence, the course aims to provide conceptual and practical knowledge and develop skills and competence required for managing growth of family business firms. This 6 weeks’ vocational education and training course is designed for family business owners, next generation of family business leaders, and managerial level employees of family business. The course will also appeal to those who are interested in starting up their own business, as well as those interacting with small firms and family businesses as advisors, managers and policy-makers. Topics include family business characteristics and significance, developing a business plan, planning for growth and continuity, choice of organizational structure and implications, dynamics of family interactions, conflict resolution in family firms, preparing the next generation for entry into and management of family firms, succession strategies, professionalization, sales and promotion, financial analysis and planning, and human resource management. The course also focuses on strategic planning including different type of strategic choices for family business growth, innovation and internationalization.