4694769
Description
Mind Map by kbpropiedades, updated more than 1 year ago
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Created by kbpropiedades
almost 9 years ago
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Family Business Failure
- Governance
- Family Member Position in the Business
- Define WHY they want to stay together
- HOW they are going to create decision-making structures
- WHO is going to excecise leadership
- WHAT are we going to do together as a family in business
- Owners' Council
- Definition and decision of family's wealth strategy and asset allocation
- Creates and manages an educational curriculum to prepare the next generation for responsible ownership roles in the future
- Definition and decision of family's wealth strategy and asset allocation
- Board of Directors
- Independent directors
- Independent directors
- Family Member Position in the Business
- Professionalization
- Code of Conduct
- Communication
- Acceptance of natural diversity of interests and needs of family members
- Acceptance of natural diversity of interests and needs of family members
- Education
- Meetings & Social Events
- Interest group Structures
- Formal Agenda
- Interest group Structures
- Conflict Management
- Outsider Referee
- Deal with them before they escalate
- Avoid Conflicts
- Outsider Referee
- VALUES
- Business Alive: Heart & Soul
- Business vs- Ownership Roles
- Sense of Pride, Responsibility and Humility
- Business Alive: Heart & Soul
- VISION
- Guiding Star
- Family Constitution
- Employment Policies for family members in the Business
- Conflict Resolution Mechanisms
- Emergency planning guidelines in case of a family or business crisis
- Family Communications (Family Assembly and Family Council)
- Employment Policies for family members in the Business
- Family Constitution
- Guiding Star
- Succession
- Pressure from previous Generation to take over
- Pressure from previous Generation to take over
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