On Saturday 9 November 2024, at the Entrepreneurship Day in Nuremberg, numerous experts discussed best practices and modern solutions relating to entrepreneurship. The TRIFAM team was represented there by Dr. Prof. Hülsbeck as a speaker and Ms Ziegler as an expert on the topic of knowledge transfer.

Key topics:

• Securing supply chains: strategies and best practices for stabilising and optimising your supply chains.
• Using AI: How artificial intelligence can revolutionise your business.
• Attracting talent: Innovative approaches to recruiting and retaining talent.
• Rethinking leadership roles: Modern leadership concepts for a dynamic working world.
• Business succession: Successful planning and implementation of the handover of the business.

Speaker:

• Denise Schurzmann
• Anna Meusert
• Prof. Dr Marcel Hülsbeck

Speaker: Dr Annette-Louise Hirmer

Talk: If not you, then who? A call for more shareholder and entrepreneurial spirit!

In her keynote address, Dr. Annette-Louise Hirmer will explain her understanding of and the benefits of shareholder and entrepreneurial spirit, and outline approaches which, in her view, can foster collaboration between politics and business, and between shareholders, successors and staff members, thereby creating a cross-generational team and ensuring the sensible use of resources.

Speaker: Prof. Dr. Marcel Hülsbeck

Presentation: Why business succession plans fail and how you can
prevent this

Family dynamics and the mechanisms by which they operate are factors within the entrepreneurial family, as well as factors relating to the relationship between the entrepreneurial family and the business, which can lead to the failure of succession. If the entrepreneurial family establishes no structures, or only inadequate ones (planning, rules, governance), this can lead to an imbalance in decision-making. If the entrepreneurial family acts and makes decisions based either on an excessively strong family logic or an excessively strong business logic, this can lead to the failure of the succession. The success of the succession therefore depends crucially on the nature of the entrepreneurial family, how its members interact with one another, and how they shape their relationship with the business. Succession can only succeed if succession decisions are made that strike a balance between both family logic and business logic.