The Final European Conference for multi-faceted entrepreneurship, took place in Ankara, Turkey, on the 3rd of June 2016. It was hosted by the Gazi University, and took place at its premises, with the participation of University professors and SMEs representatives.

On behalf of Gazi University, Prof. Seyhan Firat welcomed the participants to the Conference. The opening speeches were held by Göksel Ayrancıgil and Vahit Sadal, representing the Ankara Chamber of Commerce, and the Turkish National Agency, respectively.

Prof. Seyhan Firat explained the purpose of the IntoGeneration Project, followed by Petia Grudeva (Interprojects, Bulgaria), who presented the pedagogical framework and curriculum of IntoGeneration adults’ training course.

Konstantinos Poulopoulos  (e-Compass, Greece) led the participants through the process of the mobile and online IntoGeneration training, and Adem Tekerek  (Gazi University, Turkey) demonstrated the mobile app and the e-learning platform.

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The 5th InToGeneration International Project Partners Meeting took place in Berlin, Germany, on the 6th and 7th of April 2016.

Coordinator Seyhan Firat and the hosting partner BERLINK (GermanY) welcomed all partners. The meeting examined the Agenda and the Coordinator (Gazi University)presented the Project Management Issues.

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Project Details
Name of the project:InToGeneration
Start date: 1st September 2014
End date: 30th September 2016
The project is financially supported by Erasmus+ programme through VET Strategic Partnership measure. You can follow the project progress on http://www.into-generation.eu/.

InToGeneration project has been developed in order to support young successors to go smoothly through the process of transitionfrom an older to a younger generation in a family business.The project’smission is to ensure that young entrepreneurs are well prepared to asses an existing business and take a well-informed decision when deciding to continue the business.

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The greatest intergenerational transfer of wealth in history will occur in this country over the next decade. An estimated $10 trillion is expected to change hands by 2010, and much of this wealth will be managed by second-generation entrepreneurs in the form of stock ownership. What this means for the nation's 13 million family-controlled businesses remains to be seen.

However, one thing is certain: second-generation entrepreneurs will hold the future of the economy in their hands. Second-generation entrepreneurs face a more complicated world than their parents did, when they founded and built their businesses. Technology, competition, and workforces are changing, comprising some of the most difficult challenges for "new" entrepreneurs. Couple these issues with the fact that the founder may still be actively involved, and the job of running a family business becomes monumental for the successor.

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Baby boomers are reaching retirement age at the rate of 10,000 per day, according to the Pew Research Center. That’s prompting scores of family businesses to be passed down to Gen Xers and millennials. Of course, such transitions are seldom easy, and they can be made more difficult due to generational disconnects. I asked family business experts for their advice on intergenerational family business succession. Their dos and don’ts follow.

Do: Train and coach the successors who will one day lead your family business. “Millennials [born roughly between 1982 and 2004] particularly love mentorship,” says Courtney Templin, chief operating officer at JB Training Solutions in Chicago, and co-author of Manager 3.0: A Millennial’s Guide to Rewriting the Rules of Management (Amacom, 2013). “They have often relied on others to tell them what to do from an early age.

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The Electronic Compass team with presence in the fields of technology and Internet services visited the Web World Expo which was held at Zappeion on 24th & 25th October 2015 in Athens, Greece

In the frame of Web World Expo, Electronic Compass team had the opportunity to inform companies-exhibitors about the innovative European Educational Project “InTo Generation” and the offered possibilities that new technology and Internet provide in the field of lifelong learning.

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Workplace innovation is the big trend in Europe right now, and to talk about it Business Planet went to Vilnius in Lithuania to speak to Rasa Rotomskiene. Rasa is one of the ambassadors of the European Workplace Innovation Network, so what does that mean?

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More than 40% of small businesses in Europe do not have a website. That’s a staggering figure when you consider how important the internet revolution has been for society and the economy at large. It’s difficult to think of an area of life that hasn’t been transformed by the internet, mobile, and other digital technologies.

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Small and medium-sized enterprises (SMEs) represent 90% of all businesses in the EU. The definition of an SME is important for access to finance and EU support programmes targeted specifically at these companies.

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The Second Meeting of the InTo Generation project was hosted by Electronic Compass and held in Athens from 16th to 17th of June 2015. During the meeting, each project partner presented the Findings of the conducted survey in their country and the outcomes were analyzed for further comparison.

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The consortium of InTo Generation Project has compiled the Comparative Analysis from survey’s findings on SMEs in all partners’ countries (Bulgaria, Greece, Germany, Spain and Turkey). 

 

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H πλειοψηφία των οικογενειακών επιχειρήσεων στην Ευρώπη φαίνεται να έχει πολύ θετικές προοπτικές για το μέλλον. Στο συμπέρασμα αυτό καταλήγει το 4ο Ευρωπαϊκό Βαρόμετρο Οικογενειακών Επιχειρήσεων που δημοσίευσε η KPMG με τη συνεργασία της European Family Businesses (EFB). Τα περίπου 1 400 στελέχη οικογενειακών επιχειρήσεων από 25 ευρωπαϊκές χώρες που απάντησαν στην έρευνα δείχνουν να προβληματίζονται κυρίως σε θέματα απασχόλησης και προσέλκυσης των καλύτερων εργαζομένων, ενώ πολλοί από αυτούς δηλώνουν ότι είναι μέσα στα σχέδια τους μια στρατηγική αλλαγή της επιχείρησης μέσα στο επόμενο έτος.

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The kick off meeting of Project “Training Entrepreneurs in Connecting Generations and Supporting Successful Business Succession Planning for micro-SMEs” “In to Generation” was held in Ankara, Turkey from 10th to 12th of December 2014. The project partners and attendances of the meeting were informed about the current situation of SME’s in partners’ countries (Turkey, Greece, Spain, Bulgaria and Germany). Each partner presented the main difficulties that SMEs, specifically family businesses, confront in their country. In addition, valuable feedback was provided by the partners and unanimously decided the next steps of project’s implementation.

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Reunión informativa de nuestro personal con los responsables de la Conselleria.

 

The Project offers to micro-SMEs

  • Current situation in the field of family management and business practices.
  • A curriculum and training material that follows a case study approach through which, successors can learn via handy examples, concepts and business practices.
  • A portable self-assessment service through Android based mobile application which facilitates successful business transfer and exchange of best practices between micro-SMEs. 
  • Testing phase and results with 150 micro-SMEs in Bulgaria, Germany, Greece, Spain and Turkey.