Most family-controlled businesses in Nigeria suffer premature death no sooner than the original owner/founder dies. Lack of succession plans or inadequate succession plans is a major sustainability challenge of family-controlled businesses in Nigeria. Unlike Nigeria, several family-owned businesses have existed for over 100 years in the United States and E.U, some of which are but not limited to; IBM, Ford Motors, Coca-cola, General Electric, Nestle, etc.

In recognizing the importance of family-owned businesses in the development of national economies, Rome Business School Nigeria-RBSN offers a 2-weeks short Executive Education on Family Businesses and Inter-Generational Successions.

On completion of the program, participants will be able to:

• Provide an understanding of ‘family business’ within the context of the Nigerian/African Culture with respect to the corresponding economy
• Develop strategies that will help them start, run and grow a family business with international networks, that lead to high-performance companies, loyal shareholders, and healthy families.
• Play a key role in the Nation’s economy as family business owners.
• Establish the family business culture among Nigerians; promote cross-cultural communication and diverse management cultures between Nigerians and other countries 
• Identify different types of family businesses in Italy and the globe for benchmarking global networking and partnership.

Executive Education on Family Business is aimed at:

• Employees and Entrepreneurs across all professional fields aspiring to retire with a sustainable business of their own for their family and generation unborn.
• People running a family business and wishes to learn better strategies to expand and sustain their business generationally.
• A family member or a representative from an already established firm that wants to convert the business into a family business model.

The program will take place in at the following locations:

• Rome Business School Nigeria
• Rome Business School, Italy

• The programme is organized at two times a year with at least 90 days of previous information.

Family Business Management includes:

1. Three days of Lectures in Nigeria
2. One Week Study Visit to Rome, Italy
3. Meetings with Family Business Owners
4. Investment Pitches and Business Networking
5. Visits to Family-owned Business Firms
6. Accommodation, Travels
7. Services

In-Country Session (Choose your modules)

A. Strategies and Visioning – 3 Days (N175, 000)

• Entrepreneurship in Family Firms
• Strategies in developing a Sustainable Family Business
• Family Team Building
• Visioning and Competitive Differentiation
• Formulating, Implementing and Maintaining Family Protocols

B. Leadership and Succession Planning – 3 Days (N175,000)

• The Family’s Dynamic Role Within Family Business: Managing for the Long Term – Leadership and Inter-generational Succession
• Preparing and Moving Smoothly through a transition
• Ownership Structure and Corporate governance
• Fostering a culture of Stewardship
• Family Firm Values

C. Conflict Resolution in FB – 2 Days (N150,000)

• Legal Challenges and Managing Conflicts in Family Business – Change Management and Patterns of Development
• Coping with Risks and Uncertainty – Family Business Life-Cycle: the Patriarchal System – Dealing with Cultural Barriers

D. Family Business Finance and Financing – 2 Days (N90,000)

• Resolving financial and Ownership issues
• Capital and Assets – Fostering Fiscal Prudence

• Visitations to companies owned by Italian Families
• Meetings with family business owners
• Round Tables and Investment Pitches
• Family Business Networking and Mentoring
• How to Access over 500,000 SMEs in Italy
• Cultural Programs: Understanding the entrepreneurial cultures in Italy and Nigeria
• Networking with the Italian Association of Family Firms
• Next Generation Group – FBN Xchange

In order to increase the knowledge of the Italian/European Family owned Business Models, participants will be given the opportunity to meet:

• Family Business Owners
• FOB Associations
• Family-owned Firms
• United Nation’s organizations

The cultural program includes:

1. Rome guided tour
2. Social dinner
3. Final party

Participants can be housed in apartments with the following features and facilities:

• central Rome location
• single or double rooms with ensuite bathrooms
• breakfast
• wi-fi internet access
• cleaning

The Rome Business School’s program includes;

• Transportation: Transportation from and to the airport or railway station on arrival and departure.
• Tutoring: Students can always count on the assistance of professional tutors. 
• Learning Materials: Students will be provided with a wide variety of useful slide presentations, case studies, articles, videos and internet links.
• Assistance for VISA procedures: When needed for visa procedures, students will be sent an official invitation letter and will be given all the necessary bureaucratic.