Growth & Continuity in Family-Run Businesses

Application Deadline:
Oct 01, 2019
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 program 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 formalizing systems and procedures related to ownership, business and family.


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

  • The interrelationship between ownership, business and family
  • Key challenges related to growth, professionalization, internationalization 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 program is designed for family members (including children, siblings & spouses) and non-family executives of family businesses.


“This program 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


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

* Program fee includes tuition cost, reading material, tea and lunch served during the program. 

If you wish to avail accommodation at LUMS, there will be additional fee. It includes accommodation, breakfasts and dinners for the duration of the program. 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 program and check out the morning after the program 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.

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

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

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 program. Space in the program 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
Opposite Sector "U", DHA, Lahore - 54792
Tel: +92-42-35608119-8243

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

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

If you are unable to attend a registered course, we will accept a substitute until 2 working days before the program. Substitute candidates will be subject to the same selection process as the original one. If you wish to cancel your name from a program, please notify in writing or on call at least 5 working days before the program. 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 enrollment program within 3 years. Transfers should be notified at least 5 working days before the program. In case the participant or sponsoring organization fails to utilize the funds within 3 years, the deposited fee will be forfeited.

Note: REDC may cancel or postpone a program due to insufficient enrollment 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 program or any other program as an alternate to refund. The university reserves the right to make changes in its program policies and fees at any time.