Family business

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Family business

  1. 1. Dipl. Ing. Huda Midani, MBA Executive Management Consultant
  2. 2. Top Management Council Owners Enterprise Family Owners Dr. John Davis, 2001, modified Managers and employees Family Council Executive Managers
  3. 3. Top Management Council Business Ownership Family Dr. John Davis, 2001
  4. 4. <ul><li>Those are the decision makers regarding business direction: </li></ul><ul><ul><li>Representative of owners from the family </li></ul></ul><ul><ul><li>The Managing Director </li></ul></ul><ul><ul><li>Non-family Objective Directors </li></ul></ul><ul><ul><li>Representative from family but non-owners </li></ul></ul><ul><ul><li>Executive Business Directors(when needed) </li></ul></ul>
  5. 5. <ul><li>It is for ensuring high business performance, its matching to owners aspiration, its responsibilities are: </li></ul><ul><ul><li>Protect owners rights by balancing demands of family and business </li></ul></ul><ul><ul><li>Set the vision, mission, and growth strategies </li></ul></ul><ul><ul><li>Review the performance of MD and executive managers as strategy implementers </li></ul></ul><ul><ul><li>Enhance the ability of making decisions </li></ul></ul><ul><ul><li>Review interventions of family in the business (as owners, managers, and employees) </li></ul></ul>
  6. 6.
  7. 7. <ul><li>Family Leadership </li></ul><ul><li>The family select leaders to make the family council, and lead HR issues of family, to earn the trust of family members involved. </li></ul><ul><li>Business Leadership </li></ul><ul><li>Strategy: MD and Top management Council </li></ul><ul><li>Execution: MD and executive managers, to earn the trust of employees </li></ul>
  8. 8. <ul><li>Owners rights & Management Accountability </li></ul><ul><li>The Consensus on managers selection and accountability, and exit strategies. </li></ul><ul><li>HR Management System of company </li></ul><ul><li>HR practices that concerns employees of company, recruitment, training, compensation, career path, resignation, ..etc </li></ul><ul><li>HR Management System of family members </li></ul><ul><li>HR practices that concerns family members, those who are owners, managers, employees, and those non-family members. </li></ul>
  9. 9. <ul><li>Leadership: Heart Voice “faith in work and dream” </li></ul><ul><li>System: Brain Voice “practices ensures performance and fairness” </li></ul><ul><li>The consistency of Heart Voice and Brain Voice creates commitment ! </li></ul><ul><ul><li>The Commitment of family owners to company management practices will fulfill their wants! </li></ul></ul><ul><ul><li>The commitment of managers and employees to company’s success means high performance and profits! </li></ul></ul><ul><li>We can’t earn commitment until we first provide it </li></ul>
  10. 10. <ul><li>Successful Management Of Family Businesses Guidelines: </li></ul><ul><li>Development of managerial and leadership competencies for those family managers owners. </li></ul><ul><li>Establish the system of management accountability and owners rights. </li></ul><ul><li>HR management system of company </li></ul><ul><li>HR management system of family members </li></ul>
  11. 11. Successful Management Of Family Businesses

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