Exploring Family Business Roles – Event Recap

On November 26, 2024, the ifm Institute for SME Research hosted an evening on “Roles in Family Businesses”. Representatives from renowned companies such as Pepperl+Fuchs discussed succession processes and leadership roles, accompanied by a lively panel discussion and networking.

Roles in Family Businesses: An Evening of Insights and Exchange

Family businesses play a pivotal role in shaping regional and national economies, contributing not only through innovation and employment but also by fostering long-term stability across generations. On November 26, 2024, the Institute for SME Research (ifm) at the University of Mannheim delved into this essential topic during an event titled “Roles in Family Businesses”. Held at the Fuchs-Petrolub Auditorium, the event welcomed members of the Förderkreis and other guests to an evening of thought-provoking dialogue and networking.

The evening began with a warm welcome by Dr. Jan Tänzler, chairman of the ifm Förderkreis, followed by an introduction by Prof. Dr. Michael Woywode, director of the ifm. Prof. Woywode provided an overview of the institute’s research on family businesses, emphasizing the importance of studying their unique dynamics and the challenges they face in today’s evolving economic landscape.

Diverse Perspectives from Esteemed Panelists

The highlight of the evening was a lively panel discussion featuring:

Dr. Christian Klaiber –Institute Manager, Institute for Family Business Friedrichshafen (FIF),
Julius Dittmann – CEO, Titus GmbH,
Michael Fuchs – Supervisory Board Member, Pepperl+Fuchs, and
Prof. Dr. Dario Müller – Entrepreneur and Luxury Brands Expert.

Moderated by Dr. Tänzler and Prof. Woywode, the panel explored various facets of family business leadership, from navigating intergenerational dynamics to adapting to new markets and industries.

Julius Dittmann shared his journey of taking over Titus GmbH, a well-known skateboarding brand founded by his father. Initially hesitant, Julius pursued other ventures before ultimately deciding to return and lead the company, bringing a fresh perspective and renewed vision.
Michael Fuchs, representing the third generation of leadership at Pepperl+Fuchs, discussed the responsibility of continuing his family’s legacy in a global enterprise while addressing the challenges of scaling and innovating in a competitive market.
Prof. Dr. Dario Müller highlighted his efforts to build a dynasty from scratch, leveraging his entrepreneurial spirit and academic pursuits. His narrative showcased the balance between tradition and individual ambition in family enterprises.
Dr. Christian Klaiber provided a contrasting viewpoint, discussing a family’s transition from being product-focused to managing a family office. He emphasized the importance of redefining family identity and purpose when transitioning from active business operations to investments.

The engaging discussion illuminated the diverse roles family members can take, from hands-on leadership to advisory and strategic positions, while also addressing broader themes such as succession planning and family governance.

A Platform for Networking and Exchange

Following the panel, attendees mingled over drinks and refreshments during a networking session. This informal setting encouraged lively conversations, further enriching the event experience.

Conclusion

The “Roles in Family Businesses” event offered attendees a unique opportunity to learn from successful family business leaders and experts while reflecting on these enterprises' multifaceted challenges and opportunities. Events like this underscore the importance of supporting and studying family businesses, which continue to be a cornerstone of economic and social stability.

We look forward to future discussions and collaborations to explore this fascinating topic further.

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