Resolving Power Imbalances to Build a Unified Family Constitution

Case Study - Famliy Business

Resolving Power Imbalances to Build a Unified Family Constitution

A Medium to Large Multi-Family Business about 50 years old at the time of my assignment, with diverse investments into manufacturing and trading.

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

Dictatorial decision-making control by the five founder-brothers.

More stagnation than growth in four of the five major businesses.

Over-populated in relation to size of the Family Business with founding fathers, sons, uncles, brothers, cousins fitted into businesses with high designations and salaries/ perks, and no accountability.

Value delivered to the Client

Met each Family Member in Business – FMB – to understand each person’s management capability as well as to establish a unified list of issues faced across all FMBs.

Held six meetings – once a month – with all FMBs together to arrive at a priority list of issues that needed resolution before an enforceable mutually acceptable Family Constitution could be evolved.

In the process of finalizing the Family Business Constitution, several inter-personal and inter-organization issues were also resolved.

The Families were then able to sit together over several meetings & discuss & approve the Draft Constitution prepared by the Consultant.

Resolved a major issue identified by the younger generation on the dictatorial attitude of the five Founder Generation Directors in holding up a very important inter-family agreement that prevented the adoption of a major decision that would enable some key investment decisions to be taken.

Transform Your Vision into
Lasting Success with PROMAG

Case Study - Famliy Business

Resolving Power Imbalances to Build a Unified Family Constitution

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

Dictatorial decision-making control by the five founder-brothers.

More stagnation than growth in four of the five major businesses.

Over-populated in relation to size of the Family Business with founding fathers, sons, uncles, brothers, cousins fitted into businesses with high designations and salaries/ perks, and no accountability.

Value delivered to the Client

Met each Family Member in Business – FMB – to understand each person’s management capability as well as to establish a unified list of issues faced across all FMBs.

Held six meetings – once a month – with all FMBs together to arrive at a priority list of issues that needed resolution before an enforceable mutually acceptable Family Constitution could be evolved.

In the process of finalizing the Family Business Constitution, several inter-personal and inter-organization issues were also resolved.

The Families were then able to sit together over several meetings & discuss & approve the Draft Constitution prepared by the Consultant.

Resolved a major issue identified by the younger generation on the dictatorial attitude of the five Founder Generation Directors in holding up a very important inter-family agreement that prevented the adoption of a major decision that would enable some key investment decisions to be taken.

Transform Your Vision into
Lasting Success with PROMAG

Quick Links

Contact Us

Case Study - Famliy Business

Resolving Power Imbalances to Build a Unified Family Constitution

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

Dictatorial decision-making control by the five founder-brothers.

More stagnation than growth in four of the five major businesses.

Over-populated in relation to size of the Family Business with founding fathers, sons, uncles, brothers, cousins fitted into businesses with high designations and salaries/ perks, and no accountability.

Value delivered to the Client

Met each Family Member in Business – FMB – to understand each person’s management capability as well as to establish a unified list of issues faced across all FMBs.

Held six meetings – once a month – with all FMBs together to arrive at a priority list of issues that needed resolution before an enforceable mutually acceptable Family Constitution could be evolved.

In the process of finalizing the Family Business Constitution, several inter-personal and inter-organization issues were also resolved.

The Families were then able to sit together over several meetings & discuss & approve the Draft Constitution prepared by the Consultant.

Resolved a major issue identified by the younger generation on the dictatorial attitude of the five Founder Generation Directors in holding up a very important inter-family agreement that prevented the adoption of a major decision that would enable some key investment decisions to be taken.

Transform Your Vision intoLasting Success with PROMAG

Quick Links

Contact Us

Transform Your Vision into
Lasting Success with PROMAG