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Family Business: |
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challenges: |
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- succession planning is based on relationship, emotion,
loyalty and conflict.
- short term business plan / no business plan / formal business monitoring / compliance monitoring
- mutual dependence of two eco system - family and business
/ two sets of rules - family members and other
- lack of innovation - use of technology - professionalism
- attracting and retaining right competence and talent /
micromanagement
- potential nepotism, sibling rivalry, acrimonious fights
for inheritance - legacy and control
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opportunities: |
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- to create outstanding and long-lasting structure of family business
- opportunity for growth due to quick decision, easy access of finance, self-motivation, strong values and
agility
- to be ahead of competitors by acquiring the right mix of talent, technology and innovation
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our solutions: |
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- continuity planning / succession planning / generation
change - developing next generation leaders.
- strategic planning for the core business / aligned business / business restructuring / business re-engineering
- creating family business governance structures
- professionalizing management
- business excellence
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do you have similar challenges ? contact us.
let's solve it. |
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