Network Report
The 10th study session of the "Family Business Network," one of the networks for graduates of NUCB Business School, was held on May 20.
The theme of the study session was "Family Businesses: Dilemmas of Managing a Business in a Different Industry," and all participants discussed the problems that family businesses face when they diversify and enter a different industry. The case was about a family business that entered into a different industry. In this case, the main character is asked by his father to support a company in a different industry that is on the verge of bankruptcy. The participants discussed from various angles the pros and cons and significance of investing cash earned from the main business into another company to support, and what they should learn from the management of a company in a different industry. Opinions were exchanged from a variety of angles on such issues as the pros and cons and significance of investing cash earned in the core business into another company to support.
At the end of this case, the protagonist said to the employees of the different industry company he entered, "I will definitely rebuild this company. Please follow me." The case closes with the protagonist saying to the employees of the new company, "I will definitely turn this company around."
After the discussion, Mr. Shimada, the case writer, told us, "Actually, this company has recovered and is now the group's top earner." This was a case in point.
Not only family businesses, but also alumni, current students, and faculty of NUCB Business School who are interested in various matters related to business succession, will hold a proactive study session, with everyone viewing it as their own management issue.
Family Business Network | Alumni Support | NUCB Business School - MBA Japan
NUCB Business School - MBA Japan
https://mba.nucba.ac.jp/en/strategic_management/family-business/
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