BUY WITH CONFIDENCE
DESCRIPTION
Every firm will eventually reach the point when it has to professionalize the way it operates. This is done by instituting more rigorous processes, establishing clear governance, and recruiting skills from outside. Family Business is no different.
In the Family Business Survey, 43% of the companies believe that the need to professionalize the business is a key priority over the next 5 years. But the family firm has another dimension which other companies have to tackle: the family itself.
The issues in Family Business are much harder to address. They are more personal, more complex, and the risks if it goes wrong are potentially terminal. Many times, family firms fail for family reasons. It is no surprise then that the progress of Family Business when it comes to professionalization is slower.
This presentation discusses the 6 Pillars of Professionalization needed to professionalizing Family Businesses. Being competitive now calls for a transformation towards a Professionalized Family Business.
1. Attract
2. Ensure
3. Strengthen
4. Respect
5. Create
6. Guard
Having a good understanding of the 6 Pillars of Professionalization will provide Family Businesses the armory to sustain itself in today's highly competitive environment.
This deck also includes slide templates for you to use in your own business presentations.
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Source: Best Practices in Family Business, Professionalization PowerPoint Slides: Family Business: Professionalization PowerPoint (PPT) Presentation, LearnPPT
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OVERVIEW
(PPT)
ABOUT THE AUTHOR
We are a team of management consultants trained by top tier global consulting firms (including McKinsey, BCG, Deloitte, EY, Capgemini) with a collective experience of several decades. We specialize in business frameworks based on real-life consulting engagements.
We have served 100s of clients that range from Fortune 500 companies to tech startups to $1B+ private companies.
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Family Business Essentials
This bundle contains 8 total documents. See the additional documents to the right.
Family Business Strategy Development Supply Chain Analysis Holding Company Customer Decision Journey Robotic Process Automation Natural Language Processing Artificial Intelligence Fourth Industrial Revolution COVID-19 Competitive Advantage Business Model Canvas Proposal Template Consulting Frameworks Consulting Training Vision Statement Strategic Thinking Breakout Strategy Succession Planning
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