The 3rd dailyEXPRESS BREAKFAST SERIES scheduled for Wednesday January 31, 2007 will provide answers, discuss and share personal experiences on the SUSTENANCE OF FAMILY & ONE-MAN BUSINESSES.
As one generation makes way for another in a family-owned and managed business, there are issues around leadership, the business future, ownership, who will manage the business after the founder is no more, and how it will evolve.
Indeed relationship between suppliers, customers and financers are built around a personality instead of systems and structures.
In Ghana now, there are a lot of what can be described as family businesses by virtue of their ownership structure and day to day management, and increasingly these businesses continue to evolve around the one man or woman who started it, and/or s/he and the children.
The critical issue however is how the business can operate effectively with a strategic plan for the future, an effective management team, and a board that allows appropriate ownership involvement.
There are a few success stories, like Mechanical Lloyd, but a lot others have not succeeded for various reasons, and it is common to hear views been expressed about how “the children could not continue what their father struggled to build.”
Organised by the dailyEXPRESS Newspaper, the dailyEXPRESS BREAKFAST SERIES is a monthly discussion platform for policymakers, decision makers, captains of industry, corporate & business executives, politicians, academics etc to share ideas, learn, disseminate a policy decision or engage in a healthy morning debate.
Join us at the Alisa Hotel on Wednesday January 31, 2007 at 9am. Call James or Pearl on 021-325254/5 or email [email protected] for details.