Award in Leading a Family Business

MQF/EQF Level 5 (3 ECTS Credit) Face-to-face Intake Opening Soon, 16:00 - 18:00

EMCS Academy has designed the Award in Leading a Family Business to empower participants with the necessary knowledge, skills, and competences to effectively lead a family business using a strategic mindset. With a focus on establishing professional structures and embracing a data-driven approach, this course ensures informed decision-making, based on solid evidence.

Participants will learn to structure a family business in a way that suits its unique dynamics and needs. Additionally, participants will gain insights into establishing an effective governance system that ensures smooth operations and decision-making within the family business. With a focus on data analysis, attendees will develop the ability to evaluate and interpret key performance indicators to drive informed business decisions. The course also delves into strategic planning, equipping participants with the tools and knowledge to develop and update comprehensive strategies for their family business. Lastly, participants will explore succession planning, understanding the importance of preparing for the future and ensuring a seamless transition within the family business.

Learning Outcomes

On completion of the course, the learner will be able to:

  • Set up the appropriate corporate governance structures that ensure a system of checks and balances coupled with the right policies.
  • Lead a family business using a strategic mindset and hence giving the right importance to strategic planning.
  • Set up the most effective & efficient organisational structure/s to ensure that the family business is run on professional lines.
  • Ensure that the family business becomes a data-driven organisation, whereby decisions are based on timely data reporting and analysis.
  • Be knowledgeable about all the steps and variations that have to be considered along the Succession Planning journey.

Who is eligible to participate?

  • Family Business Senior Managers and Leaders
  • Family Business Owners
  • Next Generational Family Business Owners
  • Individuals interested in entering (working) in a family business setting

Course Dates – TBC


The course will be delivered using a blend of approaches to ensure a unique learning and development model that enables the learner to learn the general framework of the subject and then apply what is learnt to real life cases.

Following each module, trainees will be able to avail of 3 hours of one to one coaching.

Assessment

Trainees will be required to submit a written assessment at the end of each section/module.

This will assess what the trainee has learnt and most of all, if they are able to apply what they have learned to the real-life situation, found in their family business.

The qualification awarded will provide evidence that the learner has obtained the knowledge and competencies as described in the course description and to the level awarded (EQF level).

Where possible and applicable, if revision of paper is requested then the assessment will be reviewed by a supplementary marker. Assessments will be carried out consistently and fairly applied to all students and carried out in accordance with the above procedure.

If a student does not obtain a pass mark, the student will be given the opportunity to sit for a resit. The resit will be corrected by a supplementary marker.

A student must obtain a pass mark in all 3 components to be awarded the certification.

This course will run between February 2024 and July 2024.

This course is made up of a total of 36 contact hours, which comprise lectures, tutorials and one to one coaching.

The course will be delivered in English.

 

  • Good working knowledge of the English language (O’level certification/ as per EMCS judgement).
  • Basic level of digital competence is required.

Student CV will be requested to verify the above. A request for copies of certification and references will be made, if necessary.

 

The Award in Leading a Family Business course is an accredited course at MQF Level 5.

This course is made up of 3 Modules. Each Module is in turn made up of:-

  • 7 hours input lectures (2 lectures of 2 hours each + 1 lecture of 3 hours)
  • A tutorial of 2 hours
  • Coaching Sessions of 3 hours in total

In order to successfully receive the certificate of achievement, one must have attended at least 80% of the 7 hours of input lectures per module.


Course Modules

Ownership & Structure in Family Business – 1 ECTS

12 Contact hours

Owning a Family Business

  • What makes a Family Business distinct from other types of Family Business?
  • Determining whether the type of ownership you have still works for your family or if you need to consider a change
  • The long-term implications of each type of family ownership structure
  • Determining the most apt design ownership structure for your family business

Structuring a Family Business

  • The importance of a solid governance structure
  • The 4-room model
  • Structures: Which rooms will you create, and which decisions should be made in each room?
  • Processes: How will the rooms be integrated? How the rooms are connected and communicate with each other.
  • The role of the Board of Directors

Strategic Planning in Family Business – 1 ECTS

12 Contact hours

The Need for a Strategic Mindset

  • Define value in terms of growth, profit distribution and control
  • Articulate a compelling purpose

Setting a Strategic Plan

  • The components of a Strategic Plan
  • Translate the Strategic Plan into specific goals

Executing the Strategic Plan

  • Leadership, Communication and Teamwork
  • Managing Change
  • Boundaries to keep on course

Ensuring a Professional Setup in Family Business – 1 ECTS

12 Contact hours

Becoming a data-driven Family Business

  • Understand how data can provide essential business insights and subsequently choose the right metrics to track things.
  • Understand the value and return on investment of business operations
  • Translate the results of data analysis into action items & decisions
  • Having ways to track the effect of decisions taken to address the issues at hand.

Succession Planning – Succession is a journey

  • Understand the importance of succession planning
  • Succession planning isa journey that needs to start today.
  • What do you want to do with the assets and business you worked so hard to build?
  • How do you plan to REALLY let go?
  • What roles should the next generation play now and in the future?
  • Are the relationships between yourself and the next generation and the relationships amongst the next generation, strong enough to work through succession related decisions together?
  • How should you develop the members of the next generation into those roles?

Do you have the right policies?

  • Why is it imperative to have policies?
  • Attain an in-depth understanding of 3 primary policies that are of importance
    • Family Employment Policy
    • Dividend Policy – Preserving Family Wealth
    • Managing Conflict in Family Business

Total Learning Hours

Full course: 75 hours

Module 1: 25 hours

Module 2: 25 hours

Module 3: 25 hours

Hours include contact hours, supervised practice hours, self-study hours and assesment hours.

Trainers

Ramon Muscat

Director, EMCS Advisory Ltd, Malta

Mr. Ramon Muscat is currently a Director at EMCS Advisory Limited.

Focusing on the EMCS Academy, Ramon’s purpose is to maximise individuals’ true potential through coaching and training.

He is actively involved in the provision of training in non-technical skills for both the public and private sector (such as time management, planning and work-life balance, motivating self and others, the great customer experience, and dealing with difficult customers (to mention a few). Furthermore, Ramon coaches individuals in top-tier positions.

Apart from his Masters in Business Administration Ramon attained a certificate in Managing People from the College of Management and IT and an ILM Level 5 – Certificate in Coaching and Mentoring.

Silvan Mifsud

Director, EMCS Advisory Ltd, Malta

Silvan holds a degree in Banking & Finance from the University of Malta and an MBA from the University of Reading, specialising in Corporate Finance and Business Leadership. Silvan has been involved in various sectors of the economy from telecommunications, financial services and also manufacturing, holding various managerial and directorship roles. Silvan is a Director for Advisory Services at EMCS Ltd: he specialises in advising family organisations on their strategy formulation, corporate governance, internal culture, operational processes & structuring, financial performance analysis and sourcing their financing needs.

Silvan has extensive experience in training and coaching business leaders. He currently holds the post of Chairperson of the Family Business Committee within the Malta Chamber of Commerce.

I'm interested in this course

If you are interested to join this course when the intake is open please fill in the form below.

Why Choose Us

We are a private Academy, made up of a team of highly motivated individuals who believe in the continuous development and empowerment of individuals through learning.

The Academy offers training services and is an accredited training institution by the Malta Further and Higher Education Authority (MFHEA). EMCS Academy is a Higher Education Institution, Licence Number 2016-19. It provides practical solutions and results-oriented training which translate into positive change. The Academy’s philosophy is to provide exceptional services to all clients whilst ensuring that all learning outcomes are reached, and all trainees have advanced their knowledge on the subject matter of the specific course they would have chosen to follow.

Our courses are developed following in-depth research and consultation on the subject matter and the related market, thus ensuring that market needs are met. All our trainers are experts in their field and actively contribute towards the continuous development of the courses which they deliver.

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