The Use Of Assessments For Succession Planning In Family Owned Businesses
As family-owned businesses represent the lion’s share of companies in North America, their success from generation to generation is important to both them and the economy. Family-owned businesses have varied ways of deciding who will succeed an owner. This white paper discusses the use of cognitive and personality assessments to help identify the person with the most potential for success, as well as create a development roadmap to improve specific areas.
From Owning To Exiting — Managing The Risks Of Transition In A Family Owned Business
Statistics on the failure of family-owned businesses are well known. While more than 93 percent of businesses are family owned, only 30 percent survive in the second generation. This white paper discusses sound solutions to growth strategy, succession planning, and exit strategy.
Shared Leadership In Family-Owned Businesses: Trends, Typical Structures And Criteria For Selecting The Right Leadership Model
The trend over the last ten years in family business is toward equality, where businesses have a system of multiple leaders and transition control of the business to the next generation in the form of a leadership group. This white paper from Strategic Designs for Learning discusses the typical structures of family owned businesses and criteria for selecting the right shared leadership model.