Growth & Continuity in Family-Run Businesses

Date:
Oct 11 - 12, 2019
Application Deadline:
Oct 01, 2019
Venue:
Rausing Executive Development Centre, LUMS

Our business landscape is rich with inspirational accounts of entrepreneurs single-handedly, or in collaboration with siblings, building large business empires in the course of a lifetime. And most of these success stories face major challenges, during transition to the new generation.

This intensive programme is developed for progressive large families aspiring to understand and address the underlying complicated, sometimes sensitive causes of disruption in family owned and family managed business. Experience has shown that family business can lead to sustainability by formalising systems and procedures related to ownership, business and family.

 

During the programme, the participants will develop an understanding of;

  • The interrelationship between ownership, business and family
  • Key challenges related to growth, professionalisation, internationalisation and sustainability of family business
  • Succession and generational transition
  • How to develop the family into a cohesive group with shared vision
  • How to develop procedures, policies and mechanisms for management control and financial oversight
  • Understand and control factors that hinder the performance of professional managers in family business with focus on good governance

 

This programme is designed for family members (including children, siblings & spouses) and non-family executives of family businesses.

 

Programme Directors
Assistant Professor
PhD, Lahore University of Management Sciences
Research Interests:
Supply Chain Management; Technology and Innovation in Supply Chain Relationships; Social and Environmental Compliance in Supply Chain Relationships; Operations Management
Professor
PhD, Stanford University
Research Interests:
Information Systems Development Methodologies; Global Software Development; Information Technology Utilisation Effectiveness; Management of Technology

“This programme is an eye opener for all family business owners. With all this knowledge, they can anticipate the future problems they could face and can make arrangements that would help sustain the future of their family and their business. A step towards a sustainable future!”

Faizan Qadri - Qadri Group

 

Programme Fee PKR 70,000
Residential Fee PKR 28,500

* Programme fee includes tuition cost, reading material, tea and lunch served during the programme. 

ACCOMMODATION
If you wish to avail accommodation at LUMS, there will be additional fee. It includes accommodation, breakfasts and dinners for the duration of the programme. However, any extra charges such as telephones, extra meals etc should be paid on departure. You may check-in on the evening preceding the start date of the programme and check out the morning after the programme ends. You are, however, requested to inform us of the time of your arrival and departure.

We offer single bed accommodation at the Rausing Executive Centre. Each bedroom with attached bathroom is equipped with mini-fridge, writing desk and direct dial STD/ISD telephone and cable TV. All bedrooms at REC are internet-ready. Please note we do not provide accommodation for drivers accompanying participants.

ADMISSION PROCESS
Applications will be screened with regard to their suitability for each programme. Kindly ensure that your complete online application form reaches the office by the deadline. Incomplete application forms will not be entertained.

*Seat in the programme will be reserved on a first-come, first-served basis.

PAYMENT
Payment is due upon receipt of the acceptance letter along with the invoice. Please ensure that the payment reaches the office BEFORE the start of the programme. Space in the programme may only be ensured after we receive the fee.

Our preferred mode of payment is by cheque/banker’s draft payable to Lahore University of Management Sciences. However, the program fee can also be paid via bank transfer. Personal cheques will not be entertained. 

Please send the cheque to:
Marketing Manager
Rausing Executive Development Centre
Lahore University of Management Sciences
Sector "U", DHA, Lahore Cantt. Lahore - 54792
Tel: +92-42-35608119-8243

* LUMS is a non-profit organisation under the Income Tax Ordinance 2001. Accordingly, the income of LUMS is not tax deductible/collectable.

DISCOUNT POLICY
If more than one executive from the same organisation participate (up to a group size of 5 participants) in a programme, each additional participant after the first one gets a 10% discount on the programme fee.

SUBSTITUTES/TRANSFERS AND REFUNDS
If you are unable to attend a registered course, we will accept a substitute until 2 working days before the programme. Substitute candidates will be subject to the same selection process as the original one. If you wish to cancel your name from a programme, please notify in writing or on call at least 5 working days before the programme. In 
case of late cancellation, course fee will be refunded after deducting an application processing fee of PKR 20,000.

It is possible to transfer deposited fee to any open enrolment programme within 3 years. Transfers should be notified at least 5 working days before the programme. In case the participant or sponsoring organisation fails to utilise the funds within 3 years, the deposited fee will be forfeited.

Note: REDC may cancel or postpone a programme due to insufficient enrolment or unforeseen circumstances. In this case, university will refund registration fee but will not be responsible for any other related charges/expenses including cancellation/change charges by airline and travel agencies.

In case of postponement, the fee may be transferred to the rescheduled offering of that programme or any other programme as an alternate to refund. The university reserves the right to make changes in its programme policies and fees at any time.