The Essence of Successful Family Business Strategy
“All men can see the tactics by which I conquer, but what none can see is the strategy out of which victory is evolved…”
-Sun Tzu
Legacy families with existing core businesses have an extra dimension to consider in order to build a successful future for the overall family enterprise.
There are many possible advantages to family businesses when compared to their publicly listed competitors, including the opportunity to take calculated risk, foster innovation, encourage entrepreneurial behavior and take a longer term perspective with regard to investment and management planning.
Understand and maximise the benefits of a family business. Apply a detailed model driven by three integrated stages of diagnosis, design and implementation. Learn to apply ‘best practice’ from the past, but also to surface and apply ‘next practice’ as well: the lessons and principles that will create success in a future world very different from the one we see in front of us today.
Objectives
In this course, you will compare your family business approach- ownership, governance, leadership and strategy – to a checklist of common family business advantages and best practices. You will work through three defined phases of strategy development—diagnosis, design and implementation planning—to generate a business strategy tailored to your situation.
Instructors
Mark Daniell, Prof Liechtenstein
Family Business Part I: Ownership, Governance and Leadership
- Checklist of Success Factors and Policies for Family Business Ownership To download, right-click on the link above and select “Save link as…”
- Rules Regarding Family Shareholding and the Owners’ Council To download, right-click on the link above and select “Save link as…”
- Board and Board Committee Terms of Reference and Performance Assessment To download, right-click on the link above and select “Save link as…”
- Job Descriptions for Chair and Directors To download, right-click on the link above and select “Save link as…”
- Checklist of What It Takes to be a Good Director of a Family Business To download, right-click on the link above and select “Save link as…”
- Checklist for a New Chairman (Family and Non-Family) To download, right-click on the link above and select “Save link as…”
- Approach to Select and Oversee Family Members in Governance and Management Roles To download, right-click on the link above and select “Save link as…”
- Checklist for Successful Leadership To download, right-click on the link above and select “Save link as…”
- Framework and Checklists for Strategic Career Pathing and Mentoring Programs for Family Members in the Business To download, right-click on the link above and select “Save link as…”
- Examples of Performance Enhancement Forms To download, right-click on the link above and select “Save link as…”
- The IPO Roadmap To download, right-click on the link above and select “Save link as…”
- Family Business Ecosystem Map, Assessment and Management Tools To download, right-click on the link above and select “Save link as…”
- External Advisors: Selection and Effective Use To download, right-click on the link above and select “Save link as…”
- Checklist for Successful Succession To download, right-click on the link above and select “Save link as…”
- ’20 Second’ Contingency Plans and Long Term ’20 Year’ Planned Succession with Personal Development Plans To download, right-click on the link above and select “Save link as…”
Family Business Part II: Strategy
- Detailed strategic plan comprised of three phases, each with seven steps and multiple supporting slides within each of the three sequential phases: To download, right-click on the link above and select “Save link as…”
- Detailed strategic plan comprised of three phases, each with seven steps and multiple supporting slides within each of the three sequential phases:To download, right-click on the link above and select “Save link as…”
Strategy: A Step-by-step Approach to the Development and Presentation of World Class Business Strategy
Your course progress
Course Modules
