Strategic Planning For Family Business

Integrated Strategic Planning for the Family Business System | CFEG

A clear mission, vision, values, and goals (a destination) and a strategy to achieve these goals and vision, live by these core values, and fulfill the mission.

Take a more strategic approach to your business

Strategic planning in family businesses often means challenging dearly held assumptions. It is important to do that with respect and dignity.

Crafting an Enterprise Strategy for Your Family Business

A family-owned enterprise requires a strategy that's focused on growing joint family wealth, often through a diversified portfolio.

Family Business Basics - AgWest Farm Credit

The planning process includes multiple meetings and steps, sequenced specifically to build on each other. This step-by-step process supports generational ...

Developing a Winning Strategy for Family and Business

Developing a Winning Strategy for Family and Business: The Parallel Planning Process by Otis W. Baskin leadership development icons drawn on a chalkboard.

A Simple Model for Strategic Planning in Family Businesses

A simplified model for engaging family enterprise clients in an efficient strategic planning process.

Strategic Planning as a Foundation for Family Business Succession

Rallying family members in the business around a shared picture of the desired future for the company and the win strategy to achieve it will go ...

Strategic Planning in Family Business: A Powerful Developmental ...

The qualitative analysis of strategic planning processes of 18 Italian family firms shows that involving next- generation family members in the planning process ...

How Strategic Planning Can Boost Your Family Business - LinkedIn

A strategic plan provides a clear roadmap, aligning everyone toward common goals. This focus helps prioritize efforts and resources, ensuring ...

The Special Role of Strategic Planning for Family Businesses

Strategic planning for family-owned businesses differs from planning for other types of companies largely because the family firm must incorporate family ...

Developing Your Business Family Strategy: Where to Start and What ...

In this article, we summarize the 12 different areas that play a role in the process through which long-lasting business families develop their business family ...

8 Keys to Building a Sustainable Family Business

Be clear on three things: who will succeed, how everyone will adhere to and follow through on the plan, and any emergency succession plans. Set ...

Strategy And Succession in Family Business - Charting The Future

The success of next generation family business leaders will be defined by their ability and willingness to drive a powerful transformation agenda: Daring, ...

Strategic Planning - The Family Business Consulting Group

This approach kick-starts discussions about the business's potential and where the family should invest its capital, human and financial, to reach their goals.

Strategy in the Family Firm: The Importance of Strategic Thinking

This paper defines strategic thinking, emphasizes the importance of organizational culture in executing strategy, and provides two examples of family firms ...

The One-Page Strategic Plan for Family Business Owners

A more effective approach is to distill your strategic plan into a one-page document that everyone on your team can keep handy.

Succession Planning 101: Developing a Family Business Exit Strategy

This guide will explore the importance of having an exit strategy, the reasons for developing one, its impact on the business valuation and legacy.

The importance of strategic planning for family business success

Strategic planning helps family businesses answer fundamental questions about their purpose, future direction, and core values.

7 Steps to Take for a Family Business Succession Plan

This plan typically includes key elements such as identifying and preparing successors, establishing timelines for the transition, addressing ...

Want a smooth family business transition? Embrace strategic planning.

A strategic plan is a long-term approach to the business — it helps anticipate both threats and opportunities to the business in the future and ...