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FAME Multiplier in Leeds

Family Business Sustainability (FAME) Multiplier in Leeds (UK)

More than thirty manufacturing and service sector businesses attended a FAME project multiplier event hosted by Leeds Business School on 15th November 2018.  The workshop considered productivity related performance in the context of small and medium sized family businesses.  Professor David Devins outlined a UK context where, on the one hand family businesses are seen as the backbone of a sustainable economy providing jobs for more than 12 million people and contributing more than £1.4 trillion to the UK economy.  However, on the other hand, family businesses are seen as contributing to an economy struggling to make productivity improvements with relatively low levels of management practice that have seen media reporting management practice in family firms as ‘awful’.

In response to this context and as a result of universities seeking to develop connections with the business community, the FAME project produced some innovative training materials.  These materials seek to support the development of knowledge and skills in relation to a range of areas including management, finance, governance and transition.  David provided an introduction to the modules that have been developed and he showcased the Small Business Management and Transition training materials.  Workshop participants had an opportunity to see the on-line learning materials and handbook, discuss the value of the resources, to provide initial feedback in a question and answer session and complete project evaluation questionnaires.  The results of the event will be used to inform the further development of the training materials and exploitation of the project in the future.