Oireachtas Joint and Select Committees
Tuesday, 13 November 2018
Seanad Public Consultation Committee
Small and Medium-Sized Enterprises: Discussion
2:30 pm
Mr. Mark Christal:
A point was made about succession in family business. Our experience in Enterprise Ireland and with the local enterprise offices, LEOs, is that succession is an issue that faces many companies across all sectors and it is not just family businesses. A key element of our focus and response is in the area of management development, which has been mentioned by a number of people already today. In managing the succession of businesses, it is key to have strong emphasis on the breadth and capability of a management team so that when owners move on, a strong management team is ready to take the business on. In the area of training, mentoring and management capability, programmes we run, such as Leadership for Growth and Innovation for Growth, and training programmes we support with the LEOs across the enterprise spectrum are critical at that point of succession.
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