This post is from IE’s recent blog launch about learning experiences. It illustrates non-traditional teaching methods beyond case studies and lectures which are more and more used at IE Business School across all programs. Professor Angel Díaz simulates a production line with Lego in his MBA Supply Chain Management class. The exercise teaches the essentials…Details
The world has changed and family businesses must change with it if they are to avoid high mortality rates. But this transformation has to come from the top, from the company leader.
Millionaire grandfather, spendthrift son, beggar grandson, or so the Spanish saying goes. In other words, grandfather founds company, comfortable son rests on his laurels, and by the time the third generation comes along thereâ??s nothing left. This particular saying describes the problem facing family businesses on a daily basis.
Only 30% of family businesses reach the second generation and only 15% carry on to the third. The statistics are universal and the phenomenon is repeated everywhere in the world despite cultural differences. Why do family businesses disappear? Problems related to the lack of understanding between members of the family who own the business, the companyÂ´s incapacity to adapt to environmental changes, the lack of professionalization and/or the lack of commitment of subsequent generations are some of the most frequent reasons mentioned by family entrepreneurs and researchers. Behind all these reasons lies one common denominator: an inappropriate substitution of leadership which means there is no effective leader to help the company successfully overcome the transitions it is faces. Hence, if leadership is a critical factor for any companyÂ´s success, the evidence points to its being even more important for family businesses.Details
Some of you might already been curious about the result of IE’s long summer break and the construction side in which IE Business School converts itself in August. The biggest remodelation and contruction has been done at the IE University on the Segovia Campus. IE will invest 14 million Euros (around 20 million USD) into…Details
IE Business School will be in Kuala Lumpur on October 21 to explain more in detail its academic portfolio but also give an overall introduction into IE. Participants can learn about the reason why IE is one of the leading business schools of the world. Flip through the presentation and sign up directly in our…Details