2015 research from Sauder School of Business uncovered the key concerns of family business members in terms of core needs in learning:
1 - Core business knowledge
2 - Leadership
3 - Family business dynamics
4 - Relationship management
It is enlightening to see that those involved with and seeking to become future leaders of family firms recognise the need to understand broader relationship issues in order to manage successfully as well as the need for the basics - core business acumen and understanding as well as appreciation of leadership too.
Governance and succession, topics that many would place highly on a list in terms of challenges, ranked much lower down the list, possibly as a result of these areas being well documented and written about. Nevertheless they both remain key to the progression of the family business model going forward.
A useful insight into what family business members perceive as areas they need to address.
Market Research Spotlight - What Family Business Members Most Want to Learn Comprehensive business knowledge. Individual leadership development. Improved understanding of family business dynamics. A recent study by the Business Families Centre (BFC) at the University of British Columbia’s Sauder School of Business has uncovered these as the top concerns of today’s family firms.