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Author: LearnPPT TOP AUTHOR [?]

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File Type: 21-slide PowerPoint presentation (PPTX)

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DOCUMENT DESCRIPTION

This product (Family Business: Effective Succession Planning) is a 21-slide PowerPoint presentation (PPTX), which you can download immediately upon purchase.

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.

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Source: Family Business: Effective Succession Planning PowerPoint document (pptx)

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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, & marketing 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.

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