SFaB developed a framework for learning and understanding the nature, importance, and uniqueness of family business within EU. The specific achievements were to:Combine the know-how and experience of its consortium and create the best possible outcomes regarding the Project's results. Create an original and innovative educational tool, M.O.O.C. on Family Business Management that help participants understand this type of Enterprises specific needs and challenges. Covers the needs of the personnel and works as a guide for improving strategies and ensuring sustainability. Provide through the MOOC certification of attendance, a practical way of proving one’s capacity on the Family business Management. Support Family businesses in identifying possible threats and dangers for their enterprise and providing them with ways of dealing with them or overcoming the risk. Informing professionals from the fields of sustainability, economics, and generally the business world about Family Businesses, their role, and its importance within the EU. Explore new opportunities and possibilities for cooperation as a crucial part of doing business. Promote the lifelong learning dimension of higher education including innovative ways of learning (MOOC).
There was few or inadequate research conducted in the European context regarding family business despite the fact that it constitutes one of the most significant forms of business organization in Europe. This project fills the gap in what owners, members, managers, and employees of Family Business know about their institution and its very own characteristics that differentiate them from other types of businesses. The contribution of the SFaB-MOOC program meets the special needs of a family business by providing scientific knowledge, methodological tools and applied best practices to train family and non-family members of the business and thus optimize the overall performance. Family Business’s significant role in EU’s economy highlights the need for further focus to those type of business management. Τhere is an imperative need for training and capacity building especially for the personnel of the aforementioned categories of enterprises. This achieved with contributions to the needs of family businesses such as their specific characteristics, the succession process, the role of women in family businesses, corporate governance mechanisms and the strategies they follow. These reflected in SFaB results(5modules SFaB-MOOC,Toolkit).