In Collaboration With

International Family Business Enterprises Conference (IFBEC) – 2025

Navigating the complexities of Family Business Legacy:  Cocreating the Future.

21,22 & 23 August 2025, India

Family businesses are the backbone of many economies, providing employment, driving innovation, and contributing to community development. However, family businesses also face unique challenges, particularly when it comes to navigating the complexities of family business legacy. Legacy is a critical aspect of family business, encompassing the values, traditions, and reputation that have been built over generations. However, legacy can also be a double-edged sword, presenting both opportunities and challenges for family businesses. The design of strategies for managing these opportunities and challenges are other aspects that has to be looked into deeply.

The conference brings together family business scholars, consultants, and family business members to explore and converse the intricate dynamics between tradition and transformation within the context of family businesses and business families. The conference will be held on 29, 30 & 31 August 2024. Our conference model strongly believes in “CONVERSATION”. Conversation creates the possibility of “AND” and creates the space for further Development.

Challenges of Family Business Legacy

  1. Family Dynamics: Family businesses often struggle with complex family dynamics, including conflicting interests, generational differences, and emotional attachments.
  2. Succession Planning: Transferring leadership and ownership to the next generation can be a daunting task, requiring careful planning, communication, and governance.
  3. Legacy vs. Innovation: Family businesses must balance their legacy with the need for innovation and adaptation in a rapidly changing business environment.
  4. Leadership: The development of NextGen leaders is the key to manage the succession and legacy forward.

Opportunities of Family Business Legacy

  1. Family Harmony: Wealth is made after all for better living and business families articulate the ways and forms to be happy, joyful, and harmonious thereby they create an environment that fosters happiness in the family and workplace.
  2. Unique Culture and Values: Family businesses can leverage their unique culture and values to differentiate themselves from competitors and build strong relationships with customers and employees.
  3. Long-Term Perspective: Family businesses often take a long-term view, prioritizing sustainability and legacy over short-term gains.
  4. Innovation and Entrepreneurship: Family businesses can foster a culture of innovation and entrepreneurship, driving growth and competitiveness.
  5. Philanthropy and Social Responsibility: Family businesses can use their legacy to make a positive impact on their communities, promoting philanthropy and social responsibility.

Strategies for Navigating Family Business Legacy

  1. Develop a Clear Governance Structure: Establish a clear governance structure, including a family constitution, board of directors, and clear roles and responsibilities.
  2. Foster Open Communication: Encourage open and honest communication among family members forming Family Council.
  3. Develop a Succession Plan: Create a comprehensive succession plan, including leadership development, ownership transfer, and governance.
  4. Emphasize Innovation and Entrepreneurship: Foster a culture of innovation and entrepreneurship, encouraging experimentation, risk-taking, and learning.
  5. Prioritize Philanthropy and Social Responsibility: Use the family business legacy to make a positive impact on the community, promoting philanthropy and social responsibility.

Navigating the complexities of family business legacy requires careful planning, open communication, and a commitment to innovation and entrepreneurship. By understanding the challenges and opportunities associated with family business legacy, family businesses can develop effective strategies for building a lasting legacy that benefits both the family and the business.

The conference will deep dive into the above areas of interest provide a comprehensive overview of the theme, including the challenges and opportunities of family business legacy, as well as strategies for navigating these complexities.

Academic or scientific papers:

Based on the main theme for IFBEC 2025 “Navigating the complexities of Family Business Legacy: Cocreating the Future, scholars are invited to submit papers that contribute to the main theme but not limited to:

  • Navigating the complexities of family business legacy
  • Intergenerational conflict management and reciprocity
  • Strategies for managing succession and leadership transitions while preserving family
  • Family conflict and strategy to overcome family conflict
  • Family Business strategy and long-term sustainability
  • Strategies for the preservation of Identity and Family values
  • Preservation, protection and progression of wealth
  • Best practices for governance, communication, and decision-making in business
  • Influence of gender roles in leadership and decision-making in the family
  • Role of women in maintaining family harmony.
  • Role of Non-family members in the preservation, protection, and progression of family legacy

Call for Papers:

We invite researchers and practitioners to submit proposals of original research papers, case studies, work-in-progress papers, full papers, and best practice reports related to the conference theme. Submissions should address one or more of the key topics mentioned above. Accepted papers will be supported through reviewing and guidance throughout the publication process.

Important Dates:

Abstract submission last date

30 April 2025

Notification of acceptance

10 May 2025

Full paper submission deadline

10 June 2025

Conference dates

21 -23 August 2025

Instructions for submission of abstracts (Deadline 30 April 2025)

  • The submission should contain a cover page with the details of the title of the proposal, the Author’s Name, Affiliation Institute, Phone Numbers, and e-mail.
  • The text of the abstract should not exceed 500 words.
  • The text of the abstract should briefly state the research question, objectives, methods, and results, followed by keywords.

Instructions for submission of full paper (Deadline 10 June 2025)

  • The submission of the Full Paper should contain a cover page with the details of the title of the proposal, the Author’s name, Affiliation Institute, Phone Numbers, and e-mail.
  • The Abstract
  • Research question/gap.
  • Theories/models
  • Methodology
  • Findings, Discussions, suggestions, and Conclusions
  • Contribution to further research and/or practice

Manuscripts should be prepared in a single-column, single-space format. Font style: Times New Roman, Font size: 12, and all References should follow APA style.

The authors can present online and in person at the conference.

The authors may send their abstracts and full paper to [email protected]

Should you have any queries or require further information/ submissions of the proposal? please do not hesitate to contact our conference organizing committee at

Dr. Habil. Tobias Koellner      – [email protected]
Dr Bhavani Mohanakrishnan      – [email protected]

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