Resolving Leadership Conflict in a Legacy Family Business Through Strategic Role Alignment – PROMAG Consultancy Services

Case Study - Family Business

Resolving Leadership Conflict in a Legacy Family Business Through Strategic Role Alignment

Our Methodology

Research on industry demand and best practices

Strategy session facilitation

Periodic review check-ins

Key Deliverables

Current state assessment of the business

SWOT Analysis

Strategy session and Go-to-market plan for AI consulting services

Periodic performance reviews and ongoing business mentoring

Specific support on client acquisition initiatives, account management, financial forecasting, process improvement, IP creation initiatives, organization structuring, and executive hiring.

Challenges

Problem between three third generation cousins in partnership in a very closely held Family Business over 100 years old.

Two of the three cousins couldn’t align within the unified decision-making needed for collective business growth.

Value delivered to the Client

Managed to make them sit together with a neutral agenda to start with and arrive at a report card of progress that the three different businesses were achieving.

After a few meetings, over a period, we were clear in matching each cousin to a particular business in line with their respective management strengths and compatibility.

Two of the cousins decided to work together on two of the businesses with an agreed formula for power sharing and decision making.

The third business was totally de-merged into a separate company with 100 per cent management and ownership responsibility with the third cousin.

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