INSTITUTE OF ENTREPRENEURSHIP AND PRIVATE CAPITAL
Successful family enterprises – often encompassing both a family business as well as a family office - play an integral role within the entrepreneurial and funding ecosystems. They are the backbone of economies globally, with more than 5 million family firms in the UK alone employing over 13 million people. In the Middle East, family-owned businesses contribute 60% of the GDP and employ more than 80% of the workforce. It is the purpose of family enterprises that marks their distinction, with their longevity across multiple generations being their driver.
Successors to the helm are custodians of the entity for future generations and are charged with creating a stronger organisation than the one they have inherited. They strive to make an ongoing difference, through the creation of income, jobs, and wealth, often reflecting and embracing their original location to safeguard their role as part of the fabric of their community.
Whilst all businesses need to change over time, to meet challenges, expand into new markets or products, seize new opportunities or simply to make an existing product more relevant for the prevailing market, family enterprises must balance their ongoing evolution with the same inherent traits that make them unique.
To address these challenges, the consolidation of family businesses and family offices as ‘family enterprises’ within the Institute of Entrepreneurship and Private Capital (IEPC) reflects the scope of our reach across all aspects of entrepreneurship and private capital. We regard the relevance of our world-class research and teaching, as well as our activities and resources available to family enterprises across the world as being fundamental to preserving and supporting this exceptional genus of businesses.
Related Programmes
Educating the executives and next generation of a family enterprise equips them for leadership and ownership to ensure that they become true assets of the business. At London Business School we offer a variety of lifelong learning options, whether through an MBA program to develop individuals into well-rounded executives, or through executive courses and open programs that are more focused. The following is a portfolio of topics available from the School that are most typically relevant to those working in a family business.
MBA Electives
A selection from an inspiring choice of more than 80 electives
- Family Business: A Guide for Owners, Managers and Advisors
- Strategic Innovation
- Intro to corporate governance and board effectiveness
- Wealth Management
- Financing the Entrepreneurial Business
In-Person Executive Courses
Short courses of (4-5.5 days) offered at the London Campus.
- Finance for Non-Finance Executives
- Leading Teams for Emerging Leaders
- Developing Strategy for Value Creation
- Leading Businesses into the Future
- Masterclass in Private Equity
- Mergers and Acquisitions
- Executing Strategy for Results
Online Executive Courses
An immersive learning experience designed and led by world-class faculty.
- Building Resilience & Agility: Revitalise your Organisation
- Negotiating and Influencing Skills for Leaders
- Innovation Through Design Thinking
- Women in Leadership
Executive Programs
Over 100 hours of faculty-led learning and coaching with industry experts.
Leading the Family Office Programme
Building sustainability and preserving legacy. Learn the latest thinking, approaches and skills to manage succession planning, governance and wealth management.
Develop inspiring and practical strategies to serve the needs of ownership, families and their businesses, face-to-face with world-leading academics and practitioners. This course is targeted at families of wealth considering setting up, or in the process of setting up a single family office, and those wanting to identify the best practices for an existing single family office. The programme is exclusively open to family members.
Family Business Case Studies
Associate Professor of Strategy and Entrepreneurship Ioannis Ioannou, a leading expert on sustainability, has published new case studies on family businesses, including the Flakk Group, Pentland Brands and Hasslacher Group. These case studies explore sustainable practices within these firms and offer valuable insights into responsible business strategies. Discover more about his latest work and its impact on family businesses.
