Family Business' Chair at the University of Valencia has successfully completed the 12th Edition of its course "Family Business: Key Aspects for its Competitiveness and Durability".
This edition has been different from the previous ones, since its development was altered by the coronavirus crisis, which forced to pause, rethink and reorganize the course. Thus, after 7 sessions held at Tarongers Campus, the course had to be completed through webinars, with the support of the University of Valencia. Despite the effort made, the Chair was forced to suspend one of the most successful activities in the previous editions, a visit to a family- run Business.
The course has had, as every year, speakers comming from business' sphere and university teaching, allowing students to obtain a broad vision based on knowledge and the management of success and failure.
The Chair has constantly monitored theacher's performance in order to continue improving both this course and the rest of the teaching activities carried out. The students showed satisfaction rates of at least 94% with their teachers, and we had the opportunity to award the best 2 this year: Juan Vicente Tamarit (director of Alba Horneados) and Pascual Fernandez (Professor at UV) .
The course has given our students a good number of keys, among them we highlight:
- "There are 4 agents in Family Business: Family, Property, Government and Management." Alejandro Escribano, director of the Chair of Family Business
- "The strengths of Family Businesses: Union, Trust, Values, Commitment, and the most important of all, Legacy." Francisco Vallejo, CEO of Pinturas Isaval.
- "You have to contextualize the conflict, know its potential sources and work the negotiation tools to improve with them." Pilar González, full professor of Social Psychology at the UV.
- "The Family Business has values (commitment, effort, union ...) that we must transmit, being alert to possible distorters (power, money and work)." María Beltran, FIBAC Consultant
- "Family Businesses need to attract and retain talent, to do this the project, the confidence, acting with professionalism and the support of the property are key factors." Juan Vicente Tamarit
- "Family Businesses have positive differential factors (involvement, legacy) and negative ones (emotions, conflict of interest), so it needs good corporate and family governance." Alejandro Escribá
- "To guarantee its upkeep and continuity, the family business must prepare for the succession crisis with Civil, Mercantile and Family Prevention Mechanisms." Pascual Fernández
- "It is necessary that there are clear commercial relations for the workers who are members of the business family, complying with their legal framework" Enrique Hervás, managing partner of BROSETA
- "Succession is a complex process that must be anticipated to avoid problems. It works best when the family has a responsible commitment to the company.” Tomás González, Professor at the UV
- "The business family assumes a high risk with their company, it must be rewarded with returns that should be managed professionally and according to a plan, by figures such as the Family Office." Raul Aznar, partner-director of Aznar Patrimonio
- "The Family Protocol is adapted to each family and their circumstances, and serves to protect family and business through good preventive regulation." Alejandro Ríos, partner-director of BROSETA
- "It is necessary to establish an appropriate ownership structure to minimize the fiscal impact suffered by the Family Buniess, as well as ensuring that we maintain the requirements." María Martinez, BROSETA lawyer
From CEFUV we are satisfied with the development of the course, the great contribution of the teachers and the support of the students, which we hope to maintain and even improve in future editions.
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