FAMILY DYNAMICS

In multi-generational family businesses, there usually is an expectation of the next generation that they will eventually take over from Mom or Dad.

The Challenges

• Pride. No one can come close to the expertise the current owner has in running the business. Father knows best. This tends to marginalize the kids.
  

• Mom hasn’t a clue and coddles her children
  

• Dad dies and his will empowers Uncle Charlie to run the business
  

• The CFO has the most knowledge of running the business but lacks operational expertise

Solution

Third party facilitation of the above four dilemmas

Strategy

“Get the right people in the room to talk about the right things”.  This is called engagement!