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Family Business: Professionalization – PowerPoint PPT Template
PowerPoint (PPT) 26 Slides FlevyPro Document
ORGANIZATIONAL DEVELOPMENT PPT TEMPLATE 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.
The PPT delves into the unique challenges family businesses face in professionalizing their operations. It highlights the importance of establishing a culture that emphasizes performance and adherence to core values. The presentation underscores the necessity for family firms to attract and retain top talent, both from within and outside the family. It also emphasizes the critical role of governance and risk management in ensuring long-term sustainability. The deck provides actionable strategies and templates to help family businesses navigate the complexities of professionalization, making it an invaluable resource for any family-run enterprise aiming to thrive in a competitive market.
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