Conducting Evaluations of Family Members

 CONTINUITY

FAMILY BUSINESS CONSULTING

US/CANADA: 877-925-5149 INTERNATIONAL: 1-617-500-3110

CONTINUITYFBC.COM

Conducting evaluations of family members in family leadership positions can be extremely challenging.

There are several questionnaires available which assess various aspects of a family including standard psychological tests, values, personality assessments, etc. Some of these can be self-administered and managed via website by the company offering the product. The value in these questionnaires really lies in the personal interpretation of the data, which can only be done reliably if personal interviews by a trained professional are a central part of the assessment feedback.

At Continuity Family Business Consulting, we use tools such as genograms, our stakeholder map and psychological tests to manage the complexity of the business and the family dynamics. The genogram is a family tree/organizational chart that shows the relationships between all family members involved and their personal history’s.  The stakeholder map provides a snapshot of the family and family business systems and illustrates where each member of the family fits into the individual business, family, ownership and governance systems. 

The psychological tests help us figure out what the individual’s skills, strengths and competencies are, as well as what their role could/should be within the business. Some psychological tests can provide results which can be a bit surprising to a family member, so having a trained professional administer the test, evaluate the results and communicate their analysis is key.

Click HERE to download a copy of the Stakeholder Map, and HERE for more information on how Continuity Family Business Consulting and help bring your family business to higher levels of success.