As families and their businesses grow, ownership takes on greater significance and more variety: owner-managers, owner-employees and owners not in the business. Each has a different perspective and ability to contribute to the continued success of the enterprise, but their roles must be carefully defined to avoid confusion and conflict.
Find out how governance processes and decision-making structures are necessary tools for continuity in multi-generational family enterprises.
Hear from Otis Baskin, Ph.D., Consultant, The Family Business Consulting Group, as he discusses:
New strategies to plan for continuity in your business-owning families
How to consider all alternatives for ownership transition before setting a permanent direction
An understanding of the foundational roots of continuity from studies of families with over seven generations of success
How to develop a patient capital model of family business ownership that can withstand the inevitable evolution of ownership interests
Methods to encourage appropriate responsibility and education to allow beneficiaries to take ownership by making a commitment to the success of the enterprise