Management and Organizational Development with Continuity Family Business Consulting

CONTINUITY

FAMILY BUSINESS CONSULTING 

US/CANADA: 877-925-5149 INTERNATIONAL: 1-978-925-5149

CONTINUITYFBC.COM

 

With family dynamics at play, developing both the organizational structure of the business and the individual management skills of key stakeholders can be very complicated.  Having clearly defined policies in place (for example, standards and criteria for a child or in-law entering the family business; performance review and compensation policies for family employees; etc.) will lessen conflict and feelings of unfairness or entitlement among family members and other employees.

Maintaining the entrepreneurial spark, which is the foundation of most successful businesses, is often a challenge with succeeding generations who generally bring more professional management skills to the table.  Developing the management and communication skills of family managers is a key requirement for both business success and managing conflict. Clear organizational charts with appropriate authority, accountability and responsibility – and implementing these ideas effectively – are crucial for family businesses to thrive.

There are ‘Best Practices’ both for general businesses and for family businesses and they are not always the same.  Special considerations may be needed to support and retain family members who may be the most committed and motivated employees possible.

Here at Continuity Family Business Consulting, we have solid grounding in general business best practices and we know where special policies and procedures need to be considered to ensure family business success.  Managing family employees effectively in a family business requires appropriate HR policies, strong accountability and appropriate review and compensation. Leveraging the advantages of family management and control, while avoiding the pitfalls, can be challenging and benefit from competent and experienced independent review and advice.

Continuity has extensive experience and expertise in management and organizational development, coupled with a unique understanding of family systems to create solutions that work for family businesses.

For more information, visit ContinuityFBC.com.