2014 jon kenfield family business: the great greenfields challenge
TRANSCRIPT
The Solutionist Group
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Family Business
Individuals
Ownership
Protective
Emotional
Obligation-based
Relationship-oriented
Status by birthright
Loyalty
Inbound interface
Nurture and support weakest
Minimises change
Employment is a right
Nepotism allowed
♥ Family Systems ◼
Competitive
Objective
Task-based
Results–oriented
Select best person for the job
Performance
Outbound interface
Survival of the fittest
Encourage/exploit change
Employment is an opportunity
Competencies required
Family Dimension
Ownership Dimension
Business Dimension
Different Stages = Different Issues …….. most can be predicted, planned and managed => opportunities for facilitators & advisers.
Founder control
Sibling partnership
Cousin consortium
(Source: Gersick, Davis, McCollom Hampton, & Lansberg.1997 Generation to Generation: Life Cycles of the family business. HBS Press)
Young
Family Enter
business Work
together Pass baton
Maturity
Growth
Startup
Renewal
R.I.P.
Beloved
Family
Business
1952 - 2014
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Strategy Structure Skills Systems
C u l t u r e
Commitment
Certainty
Clarity
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=> Stronger Business + Happier Family
Solutionist Best Practice Process Model
© 2010 Family Business Strategies Pty Ltd
Human Dynamics & Urgent Issues Sustainable Organisational
Strategies & Structures
Structures
Structures
Sustainable
Family in
Business
Sustainable
Family in
Business
Family Plan
Action Plan Goals
Family Agreements
Values
Visions
& Goals
Values
Visions
& Goals
No
No
Business
Focus
Family
Focus
100%
Yes
Yes
Personal
Issues
Problems?
Problems?
People
Issues
Relationship
Issues
Yes
Yes
Business
Issues
Fact
finding
Fact
finding
Line of Separation
Teamwork Role Clarity
Strategy
Plans
Business
Plans
Family
Meetings
Business
Meetings
Solutionist Best Practice Process Model (simplified)
© 2010 Family Business Strategies Pty Ltd
Sustainable
Family in
Business
Sustainable
Family in
Business
Structures
Family
Meetings
Values
Visions
& Goals
Family
Action Plan
Structures
Business
Meetings
Values
Visions
& Goals
Business
Plans
Family
Focus
Business
Focus
Info.
Info.
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Lead Adviser
(Project Leader)
Advise
Co-ordinate
Communicate
Facilitate
Interpret
Implement
Enforce
Business Focus Human Focus
Adviser Inputs
Succession Planning
Mediation
Leadership &
Team Building
Counselling
Coach & Mentor
Psych Services
Executive Skills & Personal
Development
Legal
Insurance
Management &
IT Consulting
Financial Planning /
Wealth Management
Accounts & Tax
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The Solutionist Group / Family Business Institute