Family Business: Strategic Planning (PowerPoint PPT Slide Deck)

DESCRIPTION

This product (Family Business: Strategic Planning) is a 24-slide PPT PowerPoint presentation slide deck (PPT), which you can download immediately upon purchase.

Family Businesses need to change and develop new strategies if they are to remain healthy and financially viable. The dynamic external environment, driven by increasing competitive markets, make it difficult for companies to maintain the status quo.

Key issues stay constant year-on-year relative to particular qualities of the family firm and the strengths and challenges inherent in this model. However, there is a definite sense of evolution. In 2012, the dominant themes were skills, scale, and succession. By 2014, this has evolved to focus on the need to professionalize. There is now a need to sharpen up processes and institute robust governance.

To date, the shift is more fundamental. It has shifted from the short term and the tactical to the medium term and the strategic. The challenge is in the middle: having a strategic plan that links where the business is now to the long term and where it could be. This is what we call the "Missing Middle."

This presentation provides the guiding principles and framework for Family Businesses to ride above its struggle to achieve its strategic goals. The 10 Steps to Strategic Planning is the key to the missing piece.

1. It's about the “what,” not the "how."
2. Stand in the future and look back.
3. Stand in the present and look around.
4. Invite input.
5. Be prepared for change.
6. Set a timescale.
7. Assign responsibilities.
8. Translate the strategic plan into a business plan.
9. Measure, monitor, and adapt.
10. Communicate, communicate, communicate.

Surviving in this volatile business environment will enable Family Business to past on its legacy to future generations and sustain growth.

This deck also includes slide templates for you to use in your own business presentations.

This presentation emphasizes the unique strengths of family businesses, such as their ability to invest for the long term and foster strong cultures. It also addresses key challenges like financing growth and innovation.

Source: Best Practices in Strategic Planning, Family Business PowerPoint Slides: Family Business: Strategic Planning PowerPoint (PPT) Presentation Slide Deck, LearnPPT Consulting

PPT SLIDE DEEP DIVES

Strategic Goals and Challenges for Family Businesses

This PPT slide presents an overview of strategic goals specifically tailored for family businesses, emphasizing 3 core objectives: Growth, Diversification, and Internationalization. These goals are fundamental for family enterprises aiming to expand their market presence and operational scope. The slide highlights the ambitious growth targets set by family businesses, which have been consistently noted in surveys since 2012. However, it points out a significant gap between these aspirations and actual achievements, indicating that only a limited number of businesses are successfully reaching their growth objectives.

On the right side, the slide identifies several limiting factors that hinder the progress of family businesses. These include challenges in finding or developing necessary skills, a lack of funding, and apprehension regarding political risks associated with international ventures. Additionally, the impact of Brexit is noted as a specific concern, alongside internal family disputes that can drain time and energy, further complicating strategic execution.

The bottom section of the slide underscores the notion that while ambitions remain strong, they are not being fully realized. This suggests a disconnect between intent and execution, which could be critical for stakeholders to understand. The concluding statement emphasizes the importance of a robust strategic plan as the missing piece that could enable family businesses to align their ambitions with actionable strategies. This insight is crucial for potential customers considering the document, as it highlights the need for structured planning to overcome the identified barriers and achieve desired outcomes.

Key Challenges Facing Family Businesses: Innovation and Talent

This PPT slide presents a focused analysis of the key challenges faced by family businesses, emphasizing the critical need for innovation. The data is derived from a Family Business Survey, which highlights 4 primary challenges, ranked by their significance. The most pressing issue, identified by 64% of respondents, is the necessity to continually innovate to maintain a competitive edge. This underscores the urgency for family businesses to adapt and evolve in a rapidly changing market environment.

The second challenge, noted by 58% of participants, revolves around the ability to attract and retain the right talent. This is particularly crucial as the success of innovation efforts often hinges on having skilled personnel who can drive new initiatives. The third challenge, with 56% of respondents acknowledging it, is competition within their sector. This indicates that family businesses must not only innovate, but also be vigilant about their positioning relative to competitors.

Lastly, the general economic situation is cited by 54% of respondents as a challenge, reflecting external factors that can impact business operations. The accompanying commentary stresses the complexity of identifying the right skills and people without a clear strategic plan. It suggests that merely attributing challenges to a skills shortage may overlook deeper issues within the strategic framework of the business. This insight is vital for executives seeking to navigate these challenges effectively. A well-defined strategic plan is essential for setting the future direction and ensuring sustainable growth.

Comprehensive Roadmap for Family Business Strategy

This PPT slide outlines a structured approach to strategic planning specifically tailored for family businesses. It presents "10 Steps to Strategic Planning," emphasizing the need for a comprehensive strategy that integrates various aspects of the business while aligning with the family's long-term objectives.

The first step highlights the importance of focusing on the "what" rather than the "how," suggesting that clarity in goals is paramount. Following this, the second step encourages organizations to envision their future and reflect on their current position, fostering a forward-thinking mindset. The third step reinforces this by advocating for a thorough assessment of the present environment, ensuring that decisions are grounded in reality.

Engagement is a recurring theme, as seen in the fourth step, which calls for inviting input from stakeholders. This collaborative approach can enhance buy-in and generate diverse perspectives. The fifth step addresses the need for adaptability, urging businesses to be prepared for change, a critical factor in today’s dynamic market.

Setting a clear timetable is emphasized in the sixth step, which is essential for maintaining momentum and accountability. The seventh step focuses on assigning responsibilities, ensuring that each team member understands their role in executing the strategic plan.

The eighth step involves translating the strategic plan into actionable business plans, making it practical and executable. The ninth step stresses the importance of measurement and adaptation, allowing businesses to monitor progress and make necessary adjustments. Finally, the tenth step underscores the significance of communication, reinforcing that consistent dialogue is vital for successful implementation.

This structured approach not only provides a roadmap for family businesses, but also addresses the unique challenges they face, making it a valuable resource for those looking to enhance their strategic planning efforts.

Family Business Financing Preferences and Growth Implications

This PPT slide presents a clear overview of financing preferences among family businesses, highlighting a significant inclination towards using internal resources for growth. A striking 76% of these companies favor utilizing their own capital, reflecting a desire to maintain control and independence in their operations. This preference indicates a cautious approach to external financing, which may stem from concerns about relinquishing control or the complexities associated with outside investments.

The data also reveals that 63% of family businesses consider bank loans as a viable option, suggesting some openness to traditional financing methods. However, the numbers drop significantly for equity financing and debt financing, with only 35% and 31% respectively. This trend illustrates a hesitance to engage in arrangements that could dilute ownership or impose additional financial burdens.

The mention of "Other" financing channels, accounting for 14%, implies that family businesses may explore alternative funding sources, although these are less common. The slide concludes with a critical insight: despite their preference for internal funding, family businesses face limitations that may hinder their growth potential. This highlights a paradox where the desire for independence could restrict opportunities for expansion.

Potential customers should recognize that while family businesses value autonomy, they may need to reassess their financing strategies to fully capitalize on growth opportunities. Understanding these dynamics is essential for tailoring solutions that align with the unique needs of family-owned enterprises.

Challenges and Opportunities in Family Business Innovation

This PPT slide presents a focused analysis on the challenges and opportunities family businesses face in the realm of digital innovation. It emphasizes that these businesses are well-positioned to succeed in innovation, yet they encounter significant hurdles. Notably, 64% of family businesses identify the need for continuous innovation as their primary challenge over the next 5 years. This statistic underscores the urgency for these organizations to adapt and evolve in a rapidly changing market landscape.

Another key point is that 57% of family businesses believe they can reinvent themselves with each new generation. This suggests a level of optimism about their ability to adapt,, but it also raises questions about the strategies they have in place to facilitate this transformation. The juxtaposition of these 2 statistics highlights a critical tension: while there is a recognition of the need for innovation, there is also an acknowledgment of the struggle to implement it effectively.

The slide references JBM Group in India and Mane Group in France as exemplary models of successful innovation practices within family businesses. However, it also notes a concerning trend of increasing difficulties faced by many family businesses in adapting to change. This dual perspective serves as a call to action for stakeholders to assess their current innovation strategies and consider how they can learn from successful examples.

Overall, the content encourages family businesses to reflect on their innovation capabilities and the necessity of developing robust strategies to navigate the complexities of digital transformation. Understanding these dynamics is essential for any family business looking to thrive in the future.