By: Vector Consulting Vector Consulting, in partnership with the
Congress of Business and Economics (CBE), is hosting its second
international conference,entitled The DYNAMICS OF SUCCESSION IN
FAMILY-OWNED BUSINESSES. This informative event will be held on 7
March 2020 at The Palm Continental Hotel, JOHANNESBURG. Led by
renowned businessman and author, Ahmed Seedat, the aim of this
conference is to address key concerns and challenges in Southern
Africa regarding the blurred lines of control within FAMILY-OWNED
BUSINESSES. The conference will also address issues around the lack of
structure and governance; the impact of generational conflict, as well
as how to grow shareholder value within FAMILY-OWNED BUSINESSES, among
other agenda items. “I belonged to a FAMILY BUSINESS GROWING UP AND
NOTICED THE DYNAMICS OF BOTH SUCCESS AND FAILURE,” explained Seedat,
“I have identified many avoidable trends that negatively impact
successful BUSINESSES, creating a downward spiral. In an economy that
cannot afford a higher unemployment rate and knowing that increased
entrepreneurship supports employment growth, I wanted to share
practical tools to uplift business owners and members of FAMILY-OWNED
BUSINESSES. The objective is to help them understand all the
underlying factors that have a bearing on their daily challenges,”
said Seedat. The keynote speaker for this year’s conference is
Marius Ungerer, a professor and core faculty member at the University
of Stellenbosch (USB). He currently teaches Strategic Management,
Leadership and Change Management programmes such as the MBA, MPhil in
Management Coaching, and PGD in Leadership at the institute. Since
2009, Professor Ungerer has served as an annual visiting professor at
the NUCB Business School’s International MBA Programme based in
Nagoya, Japan, and was a visiting faculty member of the University of
JOHANNESBURG from 2011 to 2016. His publications include 11
co-authored books, 21 peer-reviewed journal publications and 20
publications in popular business magazines. He completed a BAdmin
(1978) and an Honours Degree in Industrial Psychology at the
University of Stellenbosch in 1980; an MCom (1986) and a DCom (2004)
at the University of JOHANNESBURG (formerly RAU); and an MBA (1984) at
Potchefstroom University. The niche topic of FAMILY-OWNED BUSINESSES
AND SUCCESSION HAS NOT BEEN SUFFICIENTLY ADDRESSED IN OPEN PUBLIC
SETTINGS AND WILL FINALLY ACCORD ATTENDEES, who wish to increase their
success rate within this sector, access to expert advice on the
subject. “Partnering with Vector Consulting on this very important
seminar, which focuses on the ‘perennial’ problem of FAMILY
BUSINESS SUCCESSION, the Congress of Business and Economics recognises
the importance of SUCCESSION, especially in the current economic
climate,” said Executive Director of the Congress of Business and
Economics (CBE), Yusuf Moosajee. “There is an urgent need to connect
and mobilise FAMILY BUSINESS LEADERS IN THEIR CAPACITY AS A DRIVING
FORCE OF, and a major contributor to, the global economy,” he
continued. “Smart SUCCESSION PLANNING IS IMPORTANT IN THAT THE
TRANSITION HAS TO BE RELATIVELY SMOOTH TO ENSURE THE COMPANY SUSTAINS
ITS PROGRESS. The problem is that few FAMILY BUSINESS OWNERS ARE
EQUIPPED TO TURN THEIR ENTERPRISE OVER TO THE NEXT GENERATION,” he
added. Ahmed Seedat has a strong academic and entrepreneurial
background, with his expertise in the subject spanning three decades.
He currently holds a Diploma/Certificate in Management, as well as a
Master of Business Administration (MBA) Degree exploring the same
topic. Drawing on this experience, he has authored two renowned books
on the subject called, Profits Progeny Politics on the Challenges and
How to Overcome Challenges in FAMILY-OWNED BUSINESSES (2017). His
recent follow-up edition is entitled, The DYNAMICS OF SUCCESSION IN
FAMILY-OWNED BUSINESSES (2019).\n
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08/03/2020 Last update