fame transnational kick-off partner meeting meeting … · 19:00 project dinner 24 january 2017,...
TRANSCRIPT
ERASMUS+ KA2 Strategic Partnership
2016-1-HU01-KA203-022930
FAME – Family Business Sustainability and Growth
This project has been funded with support from the European Commission.
The European Commission support for the production of this publication does not constitute
endorsement of the contents which reflects the views only of the authors, and the Commission
cannot be held responsible for any use which may be made of the information contained therein.
1
FAME
TRANSNATIONAL KICK-OFF PARTNER MEETING
MEETING MINUTES
Date: 23-24 January 2017
Venue: Budapest, Hungary
Host partner: Budapest Business School
Participants:
Budapest Business School, Hungary (P1)
– Host Partner, Coordinator
István ÁBEL
Miklós LOSONCZ
Sára CSILLAG
Andrea MADARASINÉ SZIRMAI
Péter JUHÁSZ
János Pál NÉMETH
Nick CHANDLER
Tamás NÉMETH
Karina SZÁSZVÁRI
Péter SOLTÉSZ
László VARGA
Zsófia TARNAI-KIRÁLY
Leeds Beckett University, UK (P2)
David DEVINS
Brian JONES
Cracow University of Economics, Poland
(P3)
Jan BRZOZOWSKI
MAC-Team, Belgium (P4)
Pascal ECHARDOUR
Confederation of Hungarian Employers
and Industrialists, Hungary (P5)
István WIMMER
Gabriella WÁGNERNÉ TOMCSIK
Katalin KLAJKÓ
SMEs and Entrepreneurship Policy
Center, Croatia (P6)
Mirela ALPEZA
Nicolas PIROTTE (as TRANSEO
representative)
ERASMUS+ KA2 Strategic Partnership
2016-1-HU01-KA203-022930
FAME – Family Business Sustainability and Growth
This project has been funded with support from the European Commission.
The European Commission support for the production of this publication does not constitute
endorsement of the contents which reflects the views only of the authors, and the Commission
cannot be held responsible for any use which may be made of the information contained therein.
2
AGENDA - Detailed programme
23 January 2017, Monday
Venue: Budapest Business School – Lotz Room (29-31 Markó Street, H-1055 Budapest)
Morning session
Timing Programme Lead/responsible
09:15 Arrival, registration, coffee
09:30 Welcome by the host István ÁBEL – Budapest
Business School
09:35 WP2 Collating of the results of the off-
project preparatory research - IO1
Collating – Part 1.
Miklós LOSONCZ – Budapest
Business School
10:00 WP3 Curriculum development – IO5
Transition issues
Jan BRZOZOWSKI – Cracow
University of Economics
11:00 Coffee break
11:15 WP3 Curriculum development – IO4
Corporate Governance, HR, Immigrants’
Integration
Jan BRZOZOWSKI – Cracow
University of Economics
12:00 WP3 Curriculum development – IO3
Entrepreneurial finance
Péter JUHÁSZ – Budapest
Business School
12:45 Lunch break
Afternoon session
Timing Programme Lead/responsible
13:45 WP3 Curriculum development – IO2
Fundamentals of SME management
Brian JONES – Leeds Beckett
University
14:30 WP2 Collating of the results of the off-
project preparatory research - IO1
Collating – Part 2.
Miklós LOSONCZ – Budapest
Business School
15:00 WP2 Collating – Publication issues on
the selected topics in connecting to the
4 modules – Part 3.
Miklós LOSONCZ – Budapest
Business School
15:30 Coffee break
15:45 WP4 Online development Tamás NÉMETH – Budapest
Business School
ERASMUS+ KA2 Strategic Partnership
2016-1-HU01-KA203-022930
FAME – Family Business Sustainability and Growth
This project has been funded with support from the European Commission.
The European Commission support for the production of this publication does not constitute
endorsement of the contents which reflects the views only of the authors, and the Commission
cannot be held responsible for any use which may be made of the information contained therein.
3
16:30 WP5 Work-based learning plan - IO6
Work based learning plan
Péter SOLTÉSZ – Budapest
Business School
16:45 WP6 Dissemination and WP7
Exploitation and sustainability
David DEVINS – Leeds Beckett
University
17:15 End of the day
19:00 Project dinner
24 January 2017, Tuesday
Venue: Budapest Business School – Lotz Room (29-31 Markó Street, H-1055 Budapest)
Morning session
Timing Programme Lead/responsible
09:15 Arrival, registration, coffee
09:30 WP1 General project management –
partner agreements, financial issues,
modification of the original work plan
László VARGA – Budapest
Business School
10:15 WP8 Quality management – QM plan,
planned QM actions
Pascal ECHARDOUR – MAC-
Team
10:45 Coffee break
11:00 Active participative process – (3 steps – 3
x 20 minutes)
1) Quality management dashboard
(PE)
2) CooSpace and online
development tools (LV)
3) Website hands-on session and
web-conference on-line tools (PE)
László VARGA – Budapest
Business School
Pascal ECHARDOUR – MAC-
Team
12:00 Lunch break
13:00 WP7 Exploitation and sustainability –
Certification approach
Péter SOLTÉSZ – Budapest
Business School
13:20 Action planning till the second partner
meeting and the 5-day training session
in Brussels
László VARGA – Budapest
Business School
14:00 End of the meeting
ERASMUS+ KA2 Strategic Partnership
2016-1-HU01-KA203-022930
FAME – Family Business Sustainability and Growth
This project has been funded with support from the European Commission.
The European Commission support for the production of this publication does not constitute
endorsement of the contents which reflects the views only of the authors, and the Commission
cannot be held responsible for any use which may be made of the information contained therein.
4
Meeting Minutes
The kick-off meeting of the FAME project started with a short commemoration of the
victims of the terrible bus accident that happened the preceding weekend causing the
injury of one and the death of possibly two BBS students. Afterwards István Ábel, project
manager has given the welcome and opening speech of the transnational partner
meeting on behalf of the coordinator Budapest Business School.
The participants made a short introduction of themselves and their role within the FAME
project.
WP2 Collating the results of the off-project preparatory research
Miklós Losoncz (WP leader) informed the participants on the current state of collating
research materials related to the project: the participating members, the task leaders, the
number of uploaded documents, and the state of summaries, too. He highlighted the
parts that are missing yet and the parts that need some more input. He defined the
framework of the literature summary documents that need to be completed.
He also briefly explained the rationale of the project: the starting points (literature
availability and the importance of SME and Family Business related documents among
them), the planned activities and intellectual outputs. He also mentioned some key issues
and challenges that need either clarification or arrival at a common understanding so that
all consortium members understand the same under the specific terminology:
What is SME, and what definition should be used?
What is Family Business and what definition should be used?
Explanation on the lack of a universally accepted definition and description of FBs and
therefore a suggestion that we tailor the available research data and to the needs of the
FBs.
The two main target groups were defined:
2nd year of University Master courses in the field of sustainability of Family
Businesses
Family Business owners and manager who are facing the challenges of making
their company sustainable
He suggested the following focus of the collating and module development activities:
In terms of the subject: the needs of small and medium-sized FBs with their specific
features that are different from the SMEs in general.
ERASMUS+ KA2 Strategic Partnership
2016-1-HU01-KA203-022930
FAME – Family Business Sustainability and Growth
This project has been funded with support from the European Commission.
The European Commission support for the production of this publication does not constitute
endorsement of the contents which reflects the views only of the authors, and the Commission
cannot be held responsible for any use which may be made of the information contained therein.
5
In terms of the persons: the stakeholders (owners, managers, employees,
accountants, employees of banks, government bodies, etc.) of FBs
The partners agreed that the approach must be size specific, focusing primarily on small
and in some cases medium-sized enterprises as they provide the majority of the
companies falling into the category of SMEs in the participating countries.
Suggestions and other comments to the topic:
considering sustainability in terms of environmental responsibility
sustainability of the Master course on the long term – it must be close to the
market needs
Mirela added that we need to find the market niche that we can fill in about FB
education as the market is quite filled with other institutions offering FB courses.
It is important to remember that gaining new scientific results is not the aim of the project,
but if some new knowledge arises, it is more than welcome. Therefore, publication is
encouraged but not obligatory. If a publication opportunity presents itself, it is worth
discussing it in terms of dissemination, the selection of possible journals etc., it can also
be a “working paper” that is finalised later.
Péter Juhász suggested to first publishing a special issue, and then later on a book.
David Devins promised to look after possible options in the UK for publishing a special
issue of a journal.
WP3 Curriculum development – Transition issues
Jan Brzozowski (WP leader) informed the partnership that the draft structure of the
Transition issues module is not balanced now, as not many feedbacks came back from
the partners so far. The proposed main topics are:
Power transfer
Experience transfer
Culture transfer
The partners agreed that entrepreneurial exit should also be part of transition issues, as
it is not an event, but a process that may even take years to finish.
Clear added value has to be presented compared to the INSIST modules (dealing with
transition) in this module.
Valuation of SMEs/FBs before deciding on the transition ways or exit strategies is very
important – it will be part of the Entrepreneurial finance module.
ERASMUS+ KA2 Strategic Partnership
2016-1-HU01-KA203-022930
FAME – Family Business Sustainability and Growth
This project has been funded with support from the European Commission.
The European Commission support for the production of this publication does not constitute
endorsement of the contents which reflects the views only of the authors, and the Commission
cannot be held responsible for any use which may be made of the information contained therein.
6
Distribution of the work:
40% Module leader – 30%-30% Module members
The budget allocation reflects the distribution of work.
WP3 Curriculum development – Corporate governance, HR, Immigrants’ integration
The initial structure of the module:
Immigrant, diaspora, ethnic and minority entrepreneurship
What are the key differences and interlinkages between those concepts
Sound explanation why we are focusing on ethnic and minority entrepreneurship
Main types of ethnic and minority entrepreneurship
Ethnic and minorities’ economic integration and entrepreneurship
Push factors towards entrepreneurship: segmentation of labour market and brain waste
Pull factors towards entrepreneurship: exploring new opportunities
Entrepreneurship and economic integration: puzzled relationship
Political implications
Ethnic and minority entrepreneurship development: the role of family
Ethnic and minority specific resources
Risk of ghettoization/enclavization
Transnational families and transnational diaspora entrepreneurship
Family entrepreneurs vs. ethnic and minority entrepreneurs: towards a unifying approach
within the SME sector
HR management is small (family) business (Hungary – structure tbd)
Difference between family and non-family managers
Carrier development in family and non-family firms
Reward management for engaged performance in family firm
Benefits and limits of familial loyalty
Competition for talent: how family firms can attract best & brightest
Designing sound reward policies for a specific level of enterprise development
Corporate governance: the perspective of SMEs
Governance structure of SME with particular emphasis on family firms
Challenges for decision-making in a family context
ERASMUS+ KA2 Strategic Partnership
2016-1-HU01-KA203-022930
FAME – Family Business Sustainability and Growth
This project has been funded with support from the European Commission.
The European Commission support for the production of this publication does not constitute
endorsement of the contents which reflects the views only of the authors, and the Commission
cannot be held responsible for any use which may be made of the information contained therein.
7
Different types of family firm management and its impact on firm's survival and its
development
Professionalization of management in family businesses – challenges and opportunities
Professionalization of the management in family and SME
Transition of management to non-family members: challenges and opportunities
Management training for family firm needs
Role of a director [role and legal obligations of a director of SME]
The board and its workings; vision and future focus, strategy setting, oversight and
corporate accountability [LEEDS]
Family business charter
Challenges of formalization within family firms and SMEs
Family institutions: family gathering, family council, family assembly etc.
Family business council: pros and cons
Family constitution
First, he mentioned again that we should use the term minority entrepreneurship instead
of immigrants’ integration, as the partners agreed on it at the Pre-kick-off meeting. Now
the partners agreed that in the area of HR, the traditional HRM path should be applied,
and the specificities of small sized enterprises and FBs should be in focus. Jan suggested
that professionalization of the management in family and SME (point 6 in the summary
document) should be eliminated and the topics of this section should be covered in their
respective other topics (ie. management training in point 4, HR management). The
partners agreed that a new draft will be made based on the discussions, and it will be
circulated so that everyone can think it through thoroughly.
The partners agreed to write one key sentence for the clarification of the topic in terms
of learning outcomes / learning objectives and results and expectations for all modules.
This way it will be easier to prepare the draft design, the exact expectations and what
materials should be prepared. We will see where potential overlaps are and whether the
aspects of the same topic are different. We cannot fully avoid overlaps, but this way we
can minimise them.
Sára Csillag presented the internal structure of the HR part; BBS will be responsible for
that.
The issue of Family Business Institutions and Family Business Charters came up. Materials
that can be circulated are available in English and in French.
ERASMUS+ KA2 Strategic Partnership
2016-1-HU01-KA203-022930
FAME – Family Business Sustainability and Growth
This project has been funded with support from the European Commission.
The European Commission support for the production of this publication does not constitute
endorsement of the contents which reflects the views only of the authors, and the Commission
cannot be held responsible for any use which may be made of the information contained therein.
8
Mirela Alpeza suggested that the Western-European practices cannot be copy-pasted to
the Eastern-European countries, but it can be a good learning point in terms of how these
practices can be introduced in the education of Eastern-European countries.
David Devins emphasized the importance of the familiness approach, which can be part
of the development of this module.
Distribution of the work:
50% Module leader – 25%-25% Module members
The budget allocation reflects the distribution of work.
WP3 Curriculum development – Entrepreneurial finance
The three main areas that we plan to cover are:
Corporate Finance
Personal Finance
Ethical Issues
Remark: philanthropy is the least covered by literature.
Seven areas need more input:
working capital management
investment decisions
dividend policy
state subsidies
M&As
Philanthropy
Ethical challenges
Potential topics for further investigation:
valuation issues
optimal financing policy
taxation and state subvention
risk management
ethical challenges
This module will focus on the special characteristics of Family Businesses, general
corporate finance will be covered earlier in the curriculum (should be part of the first year
curricula of the Master courses). There will be only small sections referring back to general
ERASMUS+ KA2 Strategic Partnership
2016-1-HU01-KA203-022930
FAME – Family Business Sustainability and Growth
This project has been funded with support from the European Commission.
The European Commission support for the production of this publication does not constitute
endorsement of the contents which reflects the views only of the authors, and the Commission
cannot be held responsible for any use which may be made of the information contained therein.
9
corporate finance in this module, but the main materials will be about the characteristics
of FBs, how the general knowledge can be applied in FBs.
Nicolas Pirotte suggested: we need to make sure we do not “reinvent the wheel”, so that
we provide new knowledge compared to what they learn in the previous years.
David Devins: we need to make sure to have something in the finance module on how to
finance growth (linked to the sustainability of FBs).
Péter Juhász suggested: sustainability can be covered in controlling, not external
reporting. Also, it should be case-study based.
In ethical issues, there are several topics to be covered: basically in FBs there are a group
of people dominated by one person, and if the influencers in the family and in the
business are the same, the people may not be confident in sharing their opinion with the
leader in case it is confronting the opinion of the leader. There is also the issue of the
leaders not behaving ethically, just maximising profit, or the managers having the same
attitude to meet the profit requirements of the owner. Also inside trade should be more
investigated: whether they do it and get/don’t get caught or don’t do it at all.
There is another issue and its size cannot be properly estimated: many times certain
financial events, misdeeds are not in the books of the company, also assets the owners
may use, but are not officially the property of the Business and it therefore does not
increase the value of the business in case the owner aims to sell. It is mainly valid for
owners aiming to sell outside the family, but it can become an issue when selling inside
the family too.
Pascal mentioned that the transfer of know-how is also an aspect that is very difficult to
measure and evaluate, and can be a problem even if the transfer is within the family.
Distribution of the work:
50% Module leader – 25%-25% Module members
The budget allocation reflects the distribution of work.
The literature summary document for this module will be circulated in order to help others
to understand better what exactly is expected in their respective summary documents per
module.
WP3 Curriculum development – Fundamentals of SME management
The initial structure of the Fundamentals of SME management module:
Managing the SME environment:
ERASMUS+ KA2 Strategic Partnership
2016-1-HU01-KA203-022930
FAME – Family Business Sustainability and Growth
This project has been funded with support from the European Commission.
The European Commission support for the production of this publication does not constitute
endorsement of the contents which reflects the views only of the authors, and the Commission
cannot be held responsible for any use which may be made of the information contained therein.
10
Entrepreneurship in the context of our times
Turbulent times – Politics, Economics, Social, Technological, Legal and Environmental
(PESTLE)
SME micro-environment
Government, SMEs and family businesses
Policy (European, National, Local, Sector), SMEs and family businesses
Making, Taking and managing opportunities
Entrepreneurs and Owner Managers:
Family businesses entrepreneurs and owner managers
Personal attributes , skills and behaviours of entrepreneurs and owner managers
Entrepreneurial Leadership
Growth and Development:
Family Businesses Growth and Development – the question of why? (models frameworks
and explanations)
Growth in SMEs – the question of how? (explanations for growth, SWOT)
Constraints of Growth – barriers and how to manage them in the context of external and
internal operating environment
Options for growth – managing growth, risk and diversification
Growth through market penetration, buying in and buying out
New products, new services:
Product life cycles (PLC)
Portfolios of products
Portfolio strategies
Management of New Products and new services via PLC
Entrepreneurial Marketing:
Does marketing and entrepreneurship equal Entrepreneurial Marketing?
Marketing in an SME context
Theory, practice, tools and processes – what can be done and how should it be done?
(marketing strategies, 4P, 7Ps, differentiation, customers, market research, sales)
Digital marketing and SMEs
SMEs and internationalisation:
SMEs in a globalised world – globalisation: its meaning and implications
SMEs and internationalisation
ERASMUS+ KA2 Strategic Partnership
2016-1-HU01-KA203-022930
FAME – Family Business Sustainability and Growth
This project has been funded with support from the European Commission.
The European Commission support for the production of this publication does not constitute
endorsement of the contents which reflects the views only of the authors, and the Commission
cannot be held responsible for any use which may be made of the information contained therein.
11
Advancing SME internationalisation
Holding back from and barriers to SME internationalisation
The stage model of internationalisation
Export strategies
SME internationalisation – policy and support
It is very important to differentiate this module from the other modules of FAME and also
the INSIST project’s Strategy module.
In this module the family dimension of SME management should be emphasized. Also, in
the proposal, we have written that we will investigate the possibility of adapting tools
used in large (multinational) enterprises to the SME FB environment.
Innovation (management) and internationalization should be also covered here
according to Mirela Alpeza’s suggestion.
Brian Jones suggested adding Innovation as a separate heading under Fundamentals of
SME management.
FB culture is also very important and we need to cover it, but we need to be careful not
to duplicate what is already covered in other modules.
Mirela Alpeza suggested that if we talk about exit strategies, we also need to talk about
how they can enter the business world, and in this case covering the whole company
lifecycle.
The module leader should consider the difference between Family Businesses and
Businesses owned by families.
(ie. opportunity identification) – suggested place: entrepreneurship in the context of our
times.
Brian Jones: we will incorporate these comments into the document, and that will serve
as a good skeleton, but we will need some flexibility when writing the materials.
Distribution of the work:
50% Module leader – 25%-25% Module members
The budget allocation reflects the distribution of work.
In the end, the participants agreed to continue collating and review the collected
materials, work on the revision of the module structure completed with the learning
ERASMUS+ KA2 Strategic Partnership
2016-1-HU01-KA203-022930
FAME – Family Business Sustainability and Growth
This project has been funded with support from the European Commission.
The European Commission support for the production of this publication does not constitute
endorsement of the contents which reflects the views only of the authors, and the Commission
cannot be held responsible for any use which may be made of the information contained therein.
12
objective/outcomes. Module leaders and member still have some time for the completion
of the summaries on the collected literature, which will be the basis for Miklós Losoncz,
compiling the synthesis of the literature (draft IO1 – synthesis report). Further investigation
in some topics would be useful, and it can give innovative character to the training
materials. If there is time, some parts of the training materials can be developed before
the 5-day meeting, but it is not necessary, we will have time to do that after the meeting
as well. Working on publication issues is optional; it should be agreed first by the module
developer teams.
WP4 Online development
Tamás Németh from BBS provided basic information on the planned activities in the e-
learning development module. One purpose of the Brussels meeting will be providing
more information on how the e-learning platform works, what are the main features, what
can and cannot be done, what information will be necessary and in what format. A short
summary of these can be found in the meeting presentation.
László Varga described that the work of the offline and online modules will be going in
parallel with each other. The two platforms can be either complementary to each other,
or the online session can be an introductory material too.
Answering a question Tamás Németh said, that they do not specifically push the
development of the mobile version of the online module.
WP5 Work-based learning plan
The case studies for the work-based learning plan would basically mean 2 feasibility
studies: one for Hungary, one for Poland. It would not require extensive work, it would
be approximately 10 pages per country, and would be prepared together with the
associated partners and the compilation with the UK partners. This is not a large objective
of the project but it can serve as a follow up and the base of future projects.
WP6 Dissemination and WP7 Exploitation
David Devins introduced the most important topics related to the Dissemination as the
leader of the WP.
We plan to connect the universities with the business communities to exploit the project
results. For enhancing impact, we can use our associated partners. Also at a certain level,
ERASMUS+ KA2 Strategic Partnership
2016-1-HU01-KA203-022930
FAME – Family Business Sustainability and Growth
This project has been funded with support from the European Commission.
The European Commission support for the production of this publication does not constitute
endorsement of the contents which reflects the views only of the authors, and the Commission
cannot be held responsible for any use which may be made of the information contained therein.
13
we need to get the word out to our universities to other teachers, trainers and the
students as well.
The guidance document contains all the important information on how to use the logo
and social media, etc.
It is very important to keep in mind, that dissemination must be done already during the
project duration not only at the end of the project.
Each partner must develop their own dissemination plan – and based on those LBU and
BBS will compile and finalise the Dissemination Plan of the project.
Nicholas Pirotte promised that Transeo will/can be a good dissemination channel of the
FAME project.
WP8 Quality Management
Pascal Echardour on behalf of MAC-Team, as the leader of the Quality Management WP
introduced the main elements of the planned quality assurance actions.
There will be monthly/bimonthly meetings in order to make sure we are on track
with the implementation. Also if necessary, the module teams can also organise
smaller group meetings.
GoToMeeting platform can be used for this (MAC-Team can provide the platform)
Dashboard will be accessible from the website for which everyone will get the
username and password. For partners who participated in INSIST, the same login
data can be used.
The QM staff will work with the module leaders to define QM targets and also the
level of measurement. Everyone must accept the rules once they are finalised.
“FINAL” folders will be prepared on CooSpace for the finalised documents.
Feature of the website: it is possible to post articles only in Polish for example, and
it will only be visible for people selecting “Polish” language on the website.
ERASMUS+ KA2 Strategic Partnership
2016-1-HU01-KA203-022930
FAME – Family Business Sustainability and Growth
This project has been funded with support from the European Commission.
The European Commission support for the production of this publication does not constitute
endorsement of the contents which reflects the views only of the authors, and the Commission
cannot be held responsible for any use which may be made of the information contained therein.
14
Postponed issues for DAY2
The partners agreed that David will send an email with the EU definition of Family
Businesses, and the advantages and disadvantages of using this definition will be
explained.
The partnership agreed on targeting small and medium size Family Businesses, as
these are the characteristics for Hungary and Poland. It is worth using the INSIST
project materials for consultation purposes but we do not necessarily need to
harmonize FAME with INSIST, but we need to come up with something coherent.
Publication is not obligatory but is welcome, also it can be part of the
dissemination activities
László Varga will circulate the literature summary of the finance module, which is
on CooSpace for helping the others see what is expected in that document.
David Devins will pursue the opportunities of publishing a book and/or special
issue on a journal.
The deadline for the 150 pages material will be 8-10 months after the Brussels
meeting. It should be practice oriented with short examples/case studies,
questions, exercises etc. There is no need or requirement of detailed theory review.
All universities should talk to companies to get lively examples for the online
training materials, however we need to incentivize them as no one will work for
free for us
The module development guide and the e-learning module development guide
will be prepared as semi-final before the Brussels meeting and the purpose of the
Brussels meeting will be to finalise the guide, the structure of modules and who
will do exactly what within each module.
There is an issue for LBU that they need to justify for the Dean of LBU why so many
people will spend so much time at the Brussels meeting. Supporting materials
would be necessary. There will be a detailed programme to support the decision
The problem is that we agreed with the Agency in 5 days, there is only a very slight
chance that we can shorten the duration of the meeting, and there will be enough
to do then. In addition, at least 4 people MUST be there for the full duration of the
meeting.
The partners agreed to update their documents based on what has been discussed,
circulate them within the module teams, and send the semi-final versions to László Varga.
ERASMUS+ KA2 Strategic Partnership
2016-1-HU01-KA203-022930
FAME – Family Business Sustainability and Growth
This project has been funded with support from the European Commission.
The European Commission support for the production of this publication does not constitute
endorsement of the contents which reflects the views only of the authors, and the Commission
cannot be held responsible for any use which may be made of the information contained therein.
15
Other matters and information
Objectives of the Brussels meeting
Finalisation of Collating
Agreement on the final version of the module development guide
Finalisation of the module structure
Agreement on the content of the curricula on “Chapter level”
Agreement on the distribution of work between module members
Agreement on the e-learning development guide
Agreement on the input/raw materials in detail to the e-learning development
NOTE: suggestion from LBU to change the location for the Brussels meeting to
Leeds to allow the required participation from the LBU side (arised after the kick-
off meeting)
WP1 Project Management and financial issues
The CooSpace accesses have been created for all the team members requested.
The partner agreements have been signed, BBS will send the hard copies back by
post.
BBS will start the transfer of the first pre-financing payment until 31st January, 2017.
Setting up the website is in progress – http://fame-programme.eu.
Modifications in the distribution of work:
As discussed there has been a slight change in the distribution of responsibilities within
the partnership, here are the main responsibilities after the change in IO1 and IO5:
WP1 – General project management – responsible: P1 BBS
WP2 – Collating (IO1 Collating) – responsible: P1 BBS
WP3 – Curriculum (content) development
o IO2 Fundamentals of SME management – responsible: P2 LBU
o IO3 Entrepreneurial Finance – responsible: P1 BBS
o IO4 Corporate Governance, HR, Immigrant’s Integration – responsible: P3 CUE
o IO5 Transition Issues – responsible: P3 CUE
WP4 – Online development – responsible: P1 BBS
WP5 – Work-based learning plan (IO6 Learning plan) – Responsible: P3 CUE
WP6 – Dissemination – Responsible: P2 LBU
WP7 – Exploitation and sustainability – Responsible: P2 LBU
WP8 – Quality management – Responsible: P4 MAC-Team
ERASMUS+ KA2 Strategic Partnership
2016-1-HU01-KA203-022930
FAME – Family Business Sustainability and Growth
This project has been funded with support from the European Commission.
The European Commission support for the production of this publication does not constitute
endorsement of the contents which reflects the views only of the authors, and the Commission
cannot be held responsible for any use which may be made of the information contained therein.
16
Budget modification based on the change of responsibilities:
WP2 – Collating (IO1 Collating)
From P3 CUE to P1 BBS
Change in the budget:
- 10 managerial days (880 EUR) + 35 trainer days (2.590 EUR)
- totally 3.470 EUR
WP3 – Curriculum (content) development
IO5 Transition Issues
From P1 BBS to P3 CUE
Change in the budget:
- 10 managerial days (880 EUR) + 15 trainer days (1.110 EUR)
- totally 1.990 EUR
Modified budget for the whole project:
Partner
Name
Project
management
Transnational
Project
meetings
Intellectual
Outputs
Multiplier
Events
Exceptional
costs
Transnational
training,
teaching and
learning
Total
grant
revised
Totals: 42 000 21 275 113 248 15 000 6 375 18 600 216
498
BBS 12 000 5 175 34 530 5 000 1 875 6 200 64 780
LBU 6 000 4 600 39 240 5 000 1 875 6 200 62 915
CUE 6 000 4 600 23 690 5 000 1 875 6 200 47 365
MAC-Team 6 000 2 300 1 284 0 750 0 10 334
CEPOR 6 000 2 875 7 252 0 0 0 16 127
MGYOSZ 6 000 1 725 7 252 0 0 0 14 977
Other Budget modification suggestions:
1. Project management and implementation – between partners
Because of the reduction of the transnational training event’s organisational costs
from MAC-Team
About 500-1000 EUR (it depends on the room needs) from BBS, LBU and CUE to
MAC-Team, first of all for room renting and buffet in case of the 5+1 days event
in Brussels
ERASMUS+ KA2 Strategic Partnership
2016-1-HU01-KA203-022930
FAME – Family Business Sustainability and Growth
This project has been funded with support from the European Commission.
The European Commission support for the production of this publication does not constitute
endorsement of the contents which reflects the views only of the authors, and the Commission
cannot be held responsible for any use which may be made of the information contained therein.
17
2. From Transnational training event to Intellectual outputs (staff costs)
Reduction on the number of participants in Brussels from 8 to 4/5 persons in case
of LBU and CUE
Based on that, redistributing about 2.325 – 3.100 EUR/partner – BBS will check it
with the ERASMUS+ Agency
Financing matters:
1st payment – 40% of the total grant, within 30 days after signing the partner
agreement (+ transparency declaration)
2nd payment – 40% of the total grant, within 30 days after BBS submitted the
Progress Report
Final payment – maximum 20% of the total grant, within 30 days after the
acceptance of the final report by the Hungarian ERASMUS+ Agency
First pre-financing payment:
from TPF to BBS: in December 2016
from BBS to the partners: end of January 2017
Exchange rates
All payments by the ERASMUS+ Agency shall be made in Euro – and BBS transfers the
pre-financing payment towards the partners in Euro as well.
Exchange rates for the FAME project for costs incurred in another currency:
Hungary: 311,48 HUF/EUR
Poland: 4,4299 PLN/EUR
UK: 0,84815 GBP/EUR
Croatia: 7,5368 HRK/EUR
Belgium: using EUR
Reporting:
Progress report:
about activities done before 31st July, 2017
deadline: 30th September 2017
Using Mobility Tool
Final Report:
about all activities of the project
ERASMUS+ KA2 Strategic Partnership
2016-1-HU01-KA203-022930
FAME – Family Business Sustainability and Growth
This project has been funded with support from the European Commission.
The European Commission support for the production of this publication does not constitute
endorsement of the contents which reflects the views only of the authors, and the Commission
cannot be held responsible for any use which may be made of the information contained therein.
18
deadline: 28th February 2019
Using Mobility Tool
This report is considered as a request for pending balance
Financial administration:
Partners should send the cost collection tables with the timesheets on a 4 months basis
to BBS – continuous monitoring of the partners’ financial situation:
Mid-May 2017: about all payments from the beginning of the project till end of
April 2017
Mid-September 2017: about all payments between May – August 2017 – to the
Progress Report (about first 8 months of the project)
After the Progress Report
Mid-January 2018: payments between September - December 2017
Mid-May 2018: payments between January - April 2018
Mid-September 2018: payments between May – August 2018
Mid-January 2019: payments between September – December 2018 – to the Final
Report as well
ERASMUS+ KA2 Strategic Partnership
2016-1-HU01-KA203-022930
FAME – Family Business Sustainability and Growth
This project has been funded with support from the European Commission.
The European Commission support for the production of this publication does not constitute
endorsement of the contents which reflects the views only of the authors, and the Commission
cannot be held responsible for any use which may be made of the information contained therein.
19
Action Planning
Task Deadline Responsible
WP1 General Project Management
Partner agreements – back to the partners 31 January 2017 BBS
Transfer of the first pre-financing payment 31 January 2017 BBS
Project website – accesses to all project members 31 January 2017 BBS
Transnational training event and the second partner
meeting in Brussels
22-26 May 2016 All partners
Financial reporting by the partners (about the first 4
months)
15 May 2017 All partners
Task Deadline Responsible
WP2 Collating
Review of module structures and completed with the
Learning Objectives
15 February
2017
All partners
Collection of further literature 15 February
2017
All partners
Harmonisation of the module structures 15 March 2017 BBS
Completion of the summaries on the collected
literature
15 March 2017 All partners
Summary and synthesis of the literature (draft IO1 –
synthesis report)
1 April 2017 BBS
Review of the synthesis report 15 April 2017 All partners
Summary and synthesis of the literature (final IO1 -
synthesis report)
30 April 2017 BBS
Research activities on selected topics by modules
(optional)
15 May 2017 All partners
ERASMUS+ KA2 Strategic Partnership
2016-1-HU01-KA203-022930
FAME – Family Business Sustainability and Growth
This project has been funded with support from the European Commission.
The European Commission support for the production of this publication does not constitute
endorsement of the contents which reflects the views only of the authors, and the Commission
cannot be held responsible for any use which may be made of the information contained therein.
20
Task Deadline Responsible
WP3 Curriculum Development
Harmonised module structures – ready for finalisation
in Brussels
15 April 2017 BBS
Draft module development guide and proposed
methodology for the face-to-face parts
28 February
2017
BBS
Feedbacks of the partners on the guide and the
methodology
31 March 2017 All partners
Final module development guide and proposed
methodology for the face-to-face parts (ready to agree
on in Brussels)
30 April 2017 BBS
Task Deadline Responsible
WP4 E-learning Development
Draft e-learning development guide and methodology
for the online parts
28 February
2017
BBS
Feedbacks of the partners on the guide and the
methodology
31 March 2017 All partners
Final e-learning development guide and methodology
for the online parts (ready to agree on in Brussels)
30 April 2017 BBS
Task Deadline Responsible
WP6 Dissemination and WP8 Quality Management
Dissemination activity table for completion 31 January 2017 LBU and BBS
Dissemination action plan by the partners 15 February
2017
All partners
Dissemination Plan 15 March 2017 LBU and BBS
Webpage for the project at the institutional websites 15 March 2017 All partners
Quality management dashboard (final version – ready
to use)
31 January 2017 MAC-Team
and BBS
Quality management plan 15 February
2017
MAC-Team
and BBS
ERASMUS+ KA2 Strategic Partnership
2016-1-HU01-KA203-022930
FAME – Family Business Sustainability and Growth
This project has been funded with support from the European Commission.
The European Commission support for the production of this publication does not constitute
endorsement of the contents which reflects the views only of the authors, and the Commission
cannot be held responsible for any use which may be made of the information contained therein.
21
This project has been funded with support
from the European Commission.
The European Commission support for the
production of this publication does not
constitute endorsement of the contents which
reflects the views only of the authors, and the
Commission cannot be held responsible for
any use which may be made of the
information contained therein.