VESTA

VESTA-Vocational Education Solutions and Tools for fAmily enterprises
ERASMUS+ : 2020-1-IT01-KA202-008391
01.10.2020 - 30.09.2022

The Challenge

Family enterprises are the cornerstone and foundation of European business: there are more than 14 million family businesses in Europe, more than 60% of all companies in EU, accounting for almost 50% of European GDP and directly responsible for more than 60 million jobs.

Nonetheless, the ability of family enterprises is constrained by a series of pressing needs and challenges:

1. Importance of preparing business transfers early, i.e. ahead of any sudden and unexpected transfer that could disrupt the enterprise

2. family governance is a peculiar complex issue requiring the balance of family, ownership, gender balance rules, and business aspects

3. The “family” connotation of a business may limit the ability of companies to attract and retain skilled workforce

4. Managerial capacity within the family enterprise: often high-ranking managerial positions are assigned not necessarily on merit but based on family affiliation, weakening the managerial capacity in the company and calling for training solutions on business, management and administration

5. Entrepreneurship education and family-business-specific management training are not available.

Produkte (Intellectual outputs):

Internationale Projekte

IO1:
VESTA OER Platform

IO2:
Map Family Enterprise trends, needs and dynamics

IO3:
Develop VESTA tools: guidelines, checklists and case-studies on governance, transition and HR

IO4:
Develop VESTA training and deliver it to 200 target groups

Team ERASMUS+

Tel.: +49 (0) 335 5621-2100 // 2105
Fax: +49 (0) 335 5621 2001
E-Mail: info@azubi-mobil.de

This project has been funded with support from the European Commission. This publication reflects the views only of the author, and the Commission cannot be held responsible for any use which may be made of the information contained therein.