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PPP & Next Generation (Life Cycle Forces (organisation, industry,…
PPP &
Next Generation
Parallel Planning
Process (PPP)
expectations
conflicts
change
links family &
business planning
Ownership
Configuration (OC)
influenced by life-cycle
forces & fam. decisions
Stages of OCs
Entrepreneurship
owner-managed
family partnership
sibling partnership
Cousins´ Collaboration
family syndicate
Life Cycle
Forces
organisation
industry
changes = new family
& business plan
family
different life and business
transition cycles
shapes individual, family,
organisation & market behaviour
Family Business
Planning
process
context
content
family context
Strategic
Management
recognice opportunities
= Strategic Thinking
make decisions
= Strategic Formulation
take action
= Strategic Implementation
improve perfomance
= control and reforming
PPP for Family
,
define:
family commitment
core values
family vision
securing family commitment
PPP for Business
,
define:
strategic commitment
Managment Business Philosophy
business Vision
Preparing Next Generation
life cycles bigges impact
successful transition needs time,
the steps are:
planning
growing
mentoring
letting go
supporting
old school vs. high school**
Top Management*
interpersonal
figurehead
leader
liason
informational
monitoring
disseminator
spokeperson
decision-making
Entrepreneur
disturbance handle
ressource allocator
negotiator
Chief Emotional Officer
also needed
communicator
harmonizer
socializer
faciliter
steward
convener
economic literacy
of success
being intellegent
customer
managing personal
finance
understanding business & economics
suggestions for
new family member
should have meaningfull
external work experience
enter the business with
a specific "entry level job"
should be assigned a mentor