Transitioning Smoothly to the Next Generation of Leadership
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Nothing is more important to a multi-generation family business than how it addresses and manages the issue of transition to the next generation in the family and/or in the business the family controls. It is delicate, hard work and there is no rule book to guide one to success. However, here are some of the practical things that we do to help clients avoid the pitfalls.
Identify the opportunities and challenges to orderly succession
Provide guidance, coaching, and mentoring to outgoing and incoming managers on:
Develop family and business governance processes and mechanisms.
Assist in creating and implementing growth strategies for the future consistent with family and business reality.
Identify the opportunities and challenges to orderly succession
Provide guidance, coaching, and mentoring to outgoing and incoming managers on:
- Alignment of family and business
- Leadership
- Reformulating company direction, growth, goals and strategy
- Transition and continuity processes and tactics
- Stewardship of stakeholders
- Facilitate succession planning and execution
Develop family and business governance processes and mechanisms.
- Board of Directors
- Shareholder Assembly
- Family Council
Assist in creating and implementing growth strategies for the future consistent with family and business reality.