By R. Carlock, J. Ward

ISBN-10: 0333947312

ISBN-13: 9780333947319

Kinfolk enterprise making plans has commonly headquartered on matters - property making plans and succession. those targets are a ways too constrained for modern kin company. enterprise households are looking to flip the enterprise into not just a device for revenue, yet for self-expression, innovation and legacy. The authors introduce the hot proposal of the Parallel making plans method, explaining the right way to combine the wishes and expectancies of the relatives and company platforms so as to create an natural and entrepreneurial unit. making plans and determination making templates are incorporated in addition to reviews of recognized kin companies.

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Extra resources for Strategic Planning for the Family Business: Parallel Planning to Unite the Family and Business

Sample text

This is accomplished by considering business strategies in the context of both the family and business expectations. The ultimate goal of the business plan remains the development of strategies that create long-term economic value for the stakeholders. The PPP uses a series of planning and programming activities that lead the family and management to a business strategy that matches the family’s interests and the business’ potential. Strategic thinking by the family and management teams leads to their mutual commitment to a Shared Future Vision.

The ultimate goal of the business plan remains the development of strategies that create long-term economic value for the stakeholders. The PPP uses a series of planning and programming activities that lead the family and management to a business strategy that matches the family’s interests and the business’ potential. Strategic thinking by the family and management teams leads to their mutual commitment to a Shared Future Vision. Based on this shared vision, both systems begin their respective planning activities leading to the development of the Family Enterprise Continuity Plan and Business Strategy Plan.

The answers to these questions will shape the Family Enterprise Continuity Plan. As the family centers on a framework for discussion, management addresses specific questions about the business: ■ ■ ■ ■ ■ ■ What is management’s business philosophy? What are management’s long-term goals? What is management’s vision of the business? What is the Strategic Potential of the business? What are the possible business strategies? What is the business strategy and required level of investment? The answers to these questions frame the Business Strategy Plan.

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Strategic Planning for the Family Business: Parallel Planning to Unite the Family and Business by R. Carlock, J. Ward


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