Preparing Your Family Business for Strategic Change

Strategies for family firms, unlike those of other businesses, can and should incorporate family factors. Responsible and disciplined strategic integration of family and business goals, strengths and values produces powerful results. Growth, market and technological advances, and increased competition have made strategic planning a much more crucial process for family firms. Particularly critical during generation transitions, significant strategic change is now likely to be required as many as five times during the tenure of new family business leaders. In Preparing Your Family Business For Strategic Change, you'll learn: * How to reach your family business's strategic potential * How to ensure that your family enterprise stays strategically fresh * How to demystify past success * How to make change your tradition * How to prevent past successes from limiting future ones * How family values and passions can promote strategic business strengths * How to recognize and use your family business's advantages * How to overcome family business disadvantages * How to depersonalize successes to benefit the business and the family * How to create a strategic culture Creating and implementing successful family business strategy is no abstract planning process. It requires family business leaders to understand the real reasons for success, to create a culture of change, and to manage incremental strategic experiments in ways that consistently stimulate strategic thinking. Preparing Your Family Business For Strategic Change shows you how.