Leading Family Enterprise Change In 2020

How are you communicating change?  If you don’t provide a way for people to get information, rumor mills will fill the void.

How transparent is the change you are leading?  One key to providing good communications, especially during times of change, is to provide a way for individuals to ask questions and provide feedback.

A report by PwC titled Global NextGen Survey 2019 shows that in family businesses next generation leaders (the Rising Generation) view themselves as agents of change for digital transformation but are looking for greater support and trust from current generation leaders.

Leading through change requires casting a vision for a better future.  What change is presenting your family enterprise with new opportunities?

Leading through change requires casting a vision for a better future.

What change is presenting your family enterprise with new opportunities?

OUR SERVICES

  • We guide successful family businesses to clearly define a timeline, expectations,  who is responsible for what, and who is responsible for sustaining the family business and the family legacy with accountability.
  • Take the guess-work out of creating an advisory board.  Forget the countless hours trying in vain to identify (and then recruit and then figure out how to pay) the right board members.  We will provide the structure and the professionals for a focused, effective advisory board, and we implement the process for you.
  • We support family businesses to help build and maintain a robust entrepreneurial climate with both family and non-family.
  • We take a holistice approach with Family Businesses helping them understand they are more than the sum of their parts, and they exhibit unique behavior as a whole rather than the singular behavior of the Family system, the Business system, and the Ownership system.
  • Family dynamics are complex and there is no one size fits all solution. Our facilitation helps build appropriate structures and guidelines that provide platforms to facilitate transparent dialogue and sustainability of the family business.
  • Building a Family Legacy requires developing the rising generation. Our coaching process helps the next generation understand themselves, family dynamics, business knowledge, and foundational leadership.

“Where there is no vision, the people perish.” Proverbs

Our process creates a road to travel that is safe, allows the freedom to openly discuss where the family is going and how they plan to get there. With the commitment to the process there is built in accountability to keep everyone focused and on track.

If a business family could work through the difficult questions and develop clear answers that all could agree to, understand, and continually communicate, they would see the health of their family and business grow exponentially.

  1. Why do we exist?
  2. How do we behave?
  3. What do we do?
  4. How will we succeed?
  5. What is most important right now?
  6. Who must do what?

SKM Associates

SKM Associates Family Business Consultants exists to serve and assist family businesses as they build and preserve their family legacies.  We work with family enterprises and closely held businesses on issues such as succession planning, communication, board and family business structure development, family meetings, professional coaching and development, education, and business strategy.

CONTACT US