Family Business: Ensuring Longevity in Good Times and Bad
This session addresses the following questions on Family Businesses:
- How can family businesses settle family conflicts to realise desired harmony and productivity?
- How can family businesses overcome the challenges involved in the transfer of leadership r from one generation to the next?
- How can family businesses safeguard their values and overcome the “rags to riches” syndrome.
This session will equip you with the knowledge and skills to:
- Effectively address the unique issues faced in the operations of a family business.
- Understand and appreciate how family businesses in the past navigated through an economic downturn to be able to deal with future economic declines effectively
- Restructure and reorient your family business to meet management standards to compete successfully.
Instructor: Dr. Annette Rahael
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Dr. Annette Rahael is a Family Business Advisor. Annette has built on her years of personal experience in a family business by pursuing more structured training in the United States, where this has been recognised as an area in need of specialised expertise. She is uniquely equipped to advise families in business on strategies and structures to ensure that their business is meeting the professional standards required to compete successfully. She helps family businesses address the challenges peculiar to family companies such as smooth transitions from one generation to the next. She brings to the table a profound understanding of the commercial realities faced by businesses of all sizes in the Caribbean.
Prior to founding her practice in 2004, Annette Rahael held a senior position in her family’s Trinidad based business for eighteen years. She has lived through resolving issues that affect family businesses while being responsible for key functions in a rapidly growing company. She took charge of developing and initiating structures to guide the entry of a third generation into the business.
Annette obtained her doctorate from George Washington University. Her doctoral dissertation on Co-CEOs in Family Business was awarded the international Best Dissertation Prize 2012 by the Family Firm Institute. Annette is a Fellow of the Institute and carries the designation ACFBA–Advanced Certificate in Family Business Advising. She is the first person in the Caribbean to have achieved that status. She has recently been awarded a research grant from the Family Owned Business Institute to conduct further research in the area of Co-CEOs in Family Business and her poster presentation on that research has won a prize at the 2015 Family Enterprise Research Conference.
She has written on the topic of Family Business and has presented at family business conferences. She has designed and conducted Family Business workshops in Trinidad, Jamaica and the Cayman islands. She works directly with family businesses throughout the Caribbean in areas of Family Business Governance, Succession Planning, Next Generation Coaching and Organization Development.
Dr. Rahael has written columns on Family Business for the Trinidad and Tobago Business
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