This master is the first of its kind to be implanted in Spain and responds to the growing interest of family businesses to professionalize its management
Faculty of Economics and Business, University of Salamanca
The first class of MBA students in Family Business Management, organized by the Chair of Family Business at the University of Salamanca, sponsored by Family Business of Castile and Leon (EFCL) under the sponsorship of the Santander Group, this afternoon received the bands have successfully given credit for this training.
The MBA is the first of its kind to be implanted in Spain and responds to the growing interest of family businesses to professionalize its management.
The act of imposition of bands took place in the Hall of Degrees in the Faculty of Economics and Business, University of Salamanca in conjunction with the ‘Collaborative Business Day’ organized by the MBA to recognize the support of businesses and professional associations this training program in all areas, from teaching to the award of scholarships, awards, paid work and contracts, representing an effective rapprochement between universities and industry.
In fact, during the same was also the delivery of grants and awards offered by the companies and entities collaborating with the MBA.
In total 15 grants were given: Meat Industries Grant-Iglesias SA contract, contract-PricewaterhouseCoopers Scholarship, Fellowship Antonio Alvarez, Colombia Bigen Fellowship, Scholarship Enusa Industries Advanced Nido Foundation Fellowship, Scholarship Commoziona Group, Grant Elpidio Sanchez-Marcos EDIESA Group, Scholarship MRS group, Grupo Santander Scholarships and 2 Family Business Castilla y Leon, Salamanca Ham Scholarship, Grant Review, Mirat Company Scholarship and Travel Grant and Congress.
Furthermore, it was delivered 2 Awards: Premio Iglesias SA Meat Industry the best student in Financial Management Award and the Best Student Group Curto in Project Management.
In turn, the Spanish Association of Finance Executives awarded to 9 students with the best as partners with no admission charge for 2 years.
The act of tax bands and delivery of grants and prizes in the presence of the rector of Economics and Management Improvement, University of Salamanca, Ignacio Sánchez Macias, president of Family Business Castilla y Leon, Jose Vega, the provincial director Santander Group, José Antonio Martín, and the director of the MBA, Professor Pindado July.
With this event, where MBA students presented a study on ‘Key to the leadership of family firms’, closes the teaching period of the first edition of the MBA in Family Business Management, which started on 7 January.
The second period of the MBA will be held in a company where the student will be employed (in most cases) or as a trainee in paid work. In this second period the student will have the direction and supervision of teachers of MBA, to finish his training focused on the job that the student will develop in the future.
With this initiative, the Chair of Family Business provides an opportunity for talented students to be trained according to the needs of companies involved in the MBA.
Therefore, among other things out for the MBA offer 3 credits of a Family Business in the initial module, which serves as a starting point for training students in techniques of administration and management, taking into account the specificities of such companies.
This feature of the MBA plays a very important role in the process of professionalization that are currently developing the family business since it facilitates this process in two aspects: the training of family members and training outside the family who may occupy leadership positions in family businesses.
Chair of Family Business at the University of Salamanca
Created in 1999-2000, the Chair of Family Business in Salamanca is the first to be formed in the region promoted by Family Business of Castilla y Leon and the second in the country sponsored by a partnership of family business.
Chair of Family Business aims to be a bridge between academia and business. In addition to the MBA in Family Business Management, the Faculty teaches the elective course on Organization and Management of Family Business and organizes special courses and conferences. All these activities take place under the patronage of the Santander Group and Family Business Castile and Leon.
With this type of activity the Chair of Family Business is to serve society, as it has every interest in professionalizing the family business and support activities throughout our country engaged in this type of business, which are the engine of our economy: over 85% of companies are active family and provided 75% of employment.
Following the establishment of this Chair, Family Business of Castile and Leon promoted in the years following the establishment of other Chairs of Family Business at the Universities of Leon, Valladolid and Burgos, and more recently, the Universidad Europea Miguel de Cervantes de Valladolid.
Thus, Castilla y Leon became the Autonomous Region in more chairs of this material promoted by a partnership of family business.
EFCL
Formed in June 1997, EFCL is composed of about a hundred family of Castile and Leon, leaders in their respective sectors and the origin, development and deployment is the main Community Leonese and Castilian.
At present, the turnover of this group of companies amounted to 17 per cent of Community GDP and employs 10 percent of the employed population of the region in the private sector.