Case Study - Family Business

Transforming a Multi-Family Legacy Business through Professionalized Governance

With the emergence of the current generation and increase in the number of family members directly involved in the business, the Family Business began to experience Leadership and Operational issues that required attention.

Approach and Solutions Provided

Client was made to understand that a capable and committed next generation with a new vision that aligns and multiplies the vision of the previous generation is the most important legacy a family business can have.

Our focus was on achieving continuous profitable growth through ‘professionalism’ in the management of the Family Business through a developmental strategy across generations that would increase the longevity of the Family Business.

The transformation included eliminating nepotism, defining individual roles with accountability, emphasizing performance with continuous growth, establishing transparency in communication and action among all ‘Family Managers’ across the hierarchy, through the Family Council, and finally attracting qualified, result-oriented non-family managers into the Family Business.

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