Please register (it's free!) or login to view the remaining preview.

If you are logged in, your referral link [?] is automatically included below.

EMBED CODE (Copy and Paste)

DOCUMENT DESCRIPTION

The Family Business sector continues to be vibrant, successful, and ambitious despite tough economic conditions and accelerating pace of change. Family firms are vital to all economies, offering stability, a commitment for the long term, and responsibility to their communities and employees. In fact, family businesses can be an engine for change and innovation.

However, despite the extraordinary longevity of individual family firms, the average life span across the sector is three generations. Only very few get past four generations. Not surviving the transition to the next generation may be a sign of a Family Business not achieving their long-term ambitions.

Achieving successful business continuity is having the right Succession Plan in place and ready to launch at any point in time. This framework presentation provides a good understanding of Succession Planning and the 10 Steps to Effective Succession Planning.

Effective Succession into Leadership

1. Get experience outside the family firm.
2. Develop a strategic plan for the medium term.
3. Broaden the decision-making process.
4. Strengthen the role of the Board.
5. Clarify what the retiring generation will do.

Effective Succession into Ownership

1. Start early.
2. Communicate, communicate, communicate.
3. Do your homework.
4. Invest in education.
5. Diversify your wealth.

Having an Effective Succession Plan in place is one way of creating the conditions for the next generation to be successful.

Got a question about the product? Email us at [email protected]. If you cannot view the preview above this document description, go here to view the large preview instead.

Source: Family Business: Effective Succession Planning PowerPoint document

ABOUT FLEVYPRO

FlevyPro is a subscription service for on-demand business frameworks and analysis tools. FlevyPro subscribers receive access to an exclusive library of curated business documents—business framework primers, presentation templates, Lean Six Sigma tools, and more—among other exclusive benefits. Click here to learn more about FlevyPro and its benefits.

[ What is FlevyPro? ]

This is a FlevyPro document.

Top Flevy Author [?]

Family Business: Effective Succession Planning

Sold by LearnPPT (this author has 83 documents)

$25.00

ALL FEES INCLUDED

Add to Cart

Did you know? This framework is part of the Human Resource Management (HRM) FlevyPro Stream, our curated collection of best practice Human Resource Management (HRM) frameworks. Full details here.

This business document is categorized under:

Business Framework Primers

File Type: PowerPoint (pptx)

Tag(s): Family Business Succession Planning

Number of Slides: 21 (includes cover, transition slides)

Purchase includes lifetime product updates. After your purchase, you will receive an email to download this document.

Upload date (first version): Mar 5, 2019

This document is available as part of the following discounted bundle(s):

Family Business Essentials

$119.00

This bundle contains 7 additional documents.

View Full Details

Family Business: Strategic Planning 24-slide PowerPoint deck $25.00 This is a FlevyPro [?] document. Subscribe and save with FlevyPro!	Family Business: Succession Preparation 21-slide PowerPoint deck $25.00 This is a FlevyPro [?] document. Subscribe and save with FlevyPro!	Family Business: Governance 22-slide PowerPoint deck $25.00 This is a FlevyPro [?] document. Subscribe and save with FlevyPro!	Family Business: Professionalization 26-slide PowerPoint deck $25.00 This is a FlevyPro [?] document. Subscribe and save with FlevyPro!
Family Business: Third Generations Tensions 26-slide PowerPoint deck $25.00 This is a FlevyPro [?] document. Subscribe and save with FlevyPro!	Family Business: 5 Dimensions of Activity 20-slide PowerPoint deck $25.00 This is a FlevyPro [?] document. Subscribe and save with FlevyPro!	Family Business: 4 Components of Family Capital 19-slide PowerPoint deck $25.00 This is a FlevyPro [?] document. Subscribe and save with FlevyPro!

CUSTOMER TESTIMONIALS

"Flevy is now a part of my business routine. I visit Flevy at least 3 times each month.

Flevy has become my preferred learning source, because what it provides is practical, current, and useful in this era where the business world is being rewritten.

In today's environment where there are so many challenges and there is the need to make the right decisions in a short time, with so much scattered information, we are fortunate to have Flevy. Flevy investigates, selects, and puts at our disposal the best of the best to help us be successful in our work."

– Omar Hernán Montes Parra, CEO at Quantum SFE

"As a consultant requiring up to date and professional material that will be of value and use to my clients, I find Flevy a very reliable resource.

The variety and quality of material available through Flevy offers a very useful and commanding source for information. Using Flevy saves me time, enhances my expertise and ends up being a good decision."

– Dennis Gershowitz, Principal at DG Associates

"As a young consulting firm, requests for input from clients vary and it's sometimes impossible to provide expert solutions across a broad spectrum of requirements. That was before I discovered Flevy.com.

Through subscription to this invaluable site of a plethora of topics that are key and crucial to consulting, I have been able to exceed expectations and deliver quality advice and solutions to my clients. The quality and expertise of the authors are exemplary and gives me great confidence to use as part of my service offerings.

I highly recommend this company for any consultant wanting to apply international best practice standards in their service offerings. "

– Nishi Singh, Strategist and MD at NSP Consultants

"As an Independent Management Consultant, I find Flevy to add great value as a source of best practices, templates and information on new trends. Flevy has matured and the quality and quantity of the library is excellent. Lastly the price charged is reasonable, creating a win-win value for the customer, Flevy and the various authors. This is truly a service that benefits the consulting industry and associated clients. Thanks for providing this service. "

– Jim Schoen, Principal at FRC Group

"Flevy is our 'go to' resource for management material, at an affordable cost. The Flevy library is comprehensive and the content deep, and typically provides a great foundation for us to further develop and tailor our own service offer."

– Chris McCann, Founder at Resilient.World

"If you are looking for great resources to save time with your business presentations, Flevy is truly a value-added resource. Flevy has done all the work for you and we will continue to utilize Flevy as a source to extract up-to-date information and data for our virtual and onsite presentations!"

– Debbi Saffo, President at The NiKhar Group

"[Flevy] produces some great work that has been/continues to be of immense help not only to myself, but as I seek to provide professional services to my clients, it give me a large "tool box" of resources that are critical to provide them with the quality of service and outcomes they are expecting."

– Royston Knowles, Executive with 50+ Years of Board Level Experience

"As a consulting firm, we had been creating subject matter training materials for our people and found the excellent materials on Flevy, which saved us 100's of hours of re-creating what already exists on the Flevy materials we purchased."

– Michael Evans, Managing Director at Newport LLC

"FlevyPro has been a brilliant resource for me, as an independent growth consultant, to access a vast knowledge bank of presentations to support my work with clients. In terms of RoI, the value I received from the very first presentation I downloaded paid for my subscription many times over! The quality of the decks available allows me to punch way above my weight – it's like having the resources of a Big 4 consultancy at your fingertips at a microscopic fraction of the overhead."

– Roderick Cameron, Founding Partner at SGFE Ltd

"As a niche strategic consulting firm, Flevy and FlevyPro frameworks and documents are an on-going reference to help us structure our findings and recommendations to our clients as well as improve their clarity, strength, and visual power. For us, it is an invaluable resource to increase our impact and value."

– David Coloma, Consulting Area Manager at Cynertia Consulting

SELECT CUSTOMERS

Since 2012, we have provided best practices to over 5,000 businesses and organizations of all sizes across the world—in over 130 countries. Below is just a very small sample of our customer base.

Did you know?

The average daily rate of a McKinsey consultant is $6,625 (not including expenses). The average price of a Flevy document is $65.

CUSTOMERS ALSO BOUGHT THESE DOCUMENTS

Leadership Competency Model

25-slide PowerPoint deck

$25.00

This is a FlevyPro [?] document.
Subscribe and save with FlevyPro!

Leadership Core Competencies Maturity Model

Breakthrough Strategy Stimulating Questions

93-slide PowerPoint deck

$30.00

Author: Dr. Stephen Sweid

Strategy Development Competitive Advantage Breakout Strategy

Four A's of Succession Management

24-slide PowerPoint deck

$25.00

This is a FlevyPro [?] document.
Subscribe and save with FlevyPro!

Succession Planning

Succession Management Execution

19-slide PowerPoint deck

$25.00

This is a FlevyPro [?] document.
Subscribe and save with FlevyPro!

Succession Planning

RECOMMENDATIONS WE HAVE FOR YOU

Succession Planning Process - Implementation Toolkit Excel workbook and supporting ZIP $249.00 Author: Gerard Blokdijk Succession Planning	Family Business: Governance 22-slide PowerPoint deck $25.00 This is a FlevyPro [?] document. Subscribe and save with FlevyPro! Family Business	Family Business: Succession Preparation 21-slide PowerPoint deck $25.00 This is a FlevyPro [?] document. Subscribe and save with FlevyPro! Succession Planning	Family Business: Strategic Planning 24-slide PowerPoint deck $25.00 This is a FlevyPro [?] document. Subscribe and save with FlevyPro! Family Business
Family Business: Third Generations Tensions 26-slide PowerPoint deck $25.00 This is a FlevyPro [?] document. Subscribe and save with FlevyPro! Family Business	Family Business: Professionalization 26-slide PowerPoint deck $25.00 This is a FlevyPro [?] document. Subscribe and save with FlevyPro! Family Business	Family Business: 5 Dimensions of Activity 20-slide PowerPoint deck $25.00 This is a FlevyPro [?] document. Subscribe and save with FlevyPro! Family Business	Strategic Planning: Process, Key Frameworks, and Tools 79-slide PowerPoint deck $99.00 Author: ILMAM - Strategy & Management Consulting Strategic Planning Consulting Frameworks Strategy Frameworks