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Succession Planning and Regeneration In family businesses for New Growth through an innovative training programme

Funder: European CommissionProject code: 601117-EPP-1-2018-1-IT-EPPKA2-KA
Funded under: ERASMUS+ | Cooperation for innovation and the exchange of good practices | Knowledge Alliances for higher education Funder Contribution: 999,874 EUR

Succession Planning and Regeneration In family businesses for New Growth through an innovative training programme

Description

"“Family firms have been the invisible giants of the European economy for far too long. It is time to stand up and fulfil their true potential in Europe! Family firms are crucially important for Europe. They make a significant conribution to Europe's GNP and employment, and tend to be great innovators, with a longer-term vision.""Jose Manuel Durao Barroso, Former President of the European Commission (EC) Scope and Benefits: Around 14mln EU companies (65-85% of all EU businesses) are family businesses, contributing 50% to Europe’s GDP and more than 60 mln jobs (60% of all jobs). Our project, SPRING, aims to help EU family businesses to fulfil their potential, by offering them a complete package with the necessary training, mentoring, support and guidance in the following areas:A. Smooth succession and business continuity, accounting for multi-dimensional factors (leadership, management, governmance, ownership, legal issues), through failed and successful casesB. Strategy for growth and internationalisation, built on innovation and regeneration.C. Development of entrepreneurship, intrapreneurship and interpreneurship across generations, converging the entrepeneurship and family business training content, promoting a start-up culture and an enterprising and innovation-based growth mindset within family businesses and considering other strategies besides succession (exit strategies, external investors in the company, etc.)D. Inclusive and responsible family business acts to ensure they adopt not only CSR practices but the full cycle (circular economics), to maximise value creation for all involved stakeholders, promoting inclusive entrepreneurship among the next generation members and female leaders.Main activities and outputs: Design and pilot an innovative and practical SPRING Training and Consultancy programme, jointly offered by renowned EU universities and adult training and consulting companies. This will be the first of its kind in Europe."

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