This document discusses family business succession and growth. It defines a family business and provides some key statistics, such as that 90% of ventures are owned and managed by families, but only 33% survive to the second generation and 10% to the third. The major building blocks for family business health and success are the family, business, and individual. Conflicts frequently arise due to issues like lack of communication and shared vision. Growth can be organic, using internal funds, or inorganic through mergers and acquisitions. Ensuring proper succession planning, governance structures, and leadership are important for long-term family business success and growth.
Family business conflict and resolutionsourav mathur
One of the goals of a business family is to learn how to manage conflict inside the family so that good family decisions surface, individuals grow in healthy ways, and relationships achieve their potential.
this presentation is about what are the conflicts in family business and how this conflict can be resolve.
Family business conflict and resolutionsourav mathur
One of the goals of a business family is to learn how to manage conflict inside the family so that good family decisions surface, individuals grow in healthy ways, and relationships achieve their potential.
this presentation is about what are the conflicts in family business and how this conflict can be resolve.
Share capital owned by a family either jointly or individually.Involvement in decision-making, maintain management or ownership. Ownership control by direct descendants
Issues in Corporate Governance: Company Directors – Their Duties According to the Company Law & Corporate Governance.
1. Directors are fiduciaries, i.e. empowered to oversee the management - to ensure that it is effective, honest, and dedicated to managing the company for the benefit of its shareholders and to enhance shareholder value.
2. Rules are largely common law and equitable rather than statutory.
3. As overseers, directors should serve as advisers, monitors, counselors, protagonists, and critics but not as bulldogs
Introduction to Corporate Governance Sep 17 2011Demir Yener
Introductory remarks on good corporate governance practices and implications on board performance and rights and responsibilities for Mongolian directors.
Share capital owned by a family either jointly or individually.Involvement in decision-making, maintain management or ownership. Ownership control by direct descendants
Issues in Corporate Governance: Company Directors – Their Duties According to the Company Law & Corporate Governance.
1. Directors are fiduciaries, i.e. empowered to oversee the management - to ensure that it is effective, honest, and dedicated to managing the company for the benefit of its shareholders and to enhance shareholder value.
2. Rules are largely common law and equitable rather than statutory.
3. As overseers, directors should serve as advisers, monitors, counselors, protagonists, and critics but not as bulldogs
Introduction to Corporate Governance Sep 17 2011Demir Yener
Introductory remarks on good corporate governance practices and implications on board performance and rights and responsibilities for Mongolian directors.
Purpose of making this presentation was to explain how is the scope of women entrepreneurship in India. What all are the issues presented in the system which affect women entrepreneurs in India. Ho Indian women entrepreneurs are different than others. What is the total contribution of women entrepreneurs on overall trade practices. It also explains the suggestions to enhance and promote the women entrepreneurs in India.
I hope this will help students to understood the issue well and give them few insights for their own research
Data collection is completely from the secondary sources.
Keys to Family Business Success presents a framework of understandings and agreements which drive shared responsibility and commitment for achieving business success and family harmony.
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Entrepreneur India, an Industrial monthly magazine on industrial development, technologies & project opportunities aims at simplifying the process of choosing the suitable project for investment. It makes business decisions easier and trouble-free for business leaders, young entrepreneurs, women entrepreneurs, investors, NRI (non resident Indians), startups, and professionals looking to start their own venture by providing information about right projects for investment. ‘Entrepreneur India’ -the right tool for identifying sound investment projects is published by Niir Project Consultancy Services (NPCS) - a multidisciplinary project consultancy organization. NPCS provides reliable consultancy services worldwide and has been excelling its expertise in a wide range of services. the services includes: investment opportunities, technology transfers, pre-feasibility study, business plan, new project identification, project feasibility, identification of profitable industrial project opportunities, thorough analysis of the project, plan all resources & details on capital and operational costs, economic feasibility study of the project, profile analysis, preparation of project profiles / pre-investment studies, market surveys / studies, preparation of techno-economic feasibility reports, funding analysis, market potential study, identification and section of plant /process / equipment, general guidance, technical and commercial counseling for setting up new business.
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Every business founder will be faced with the same decision at some point – “How do I exit this business I have created (or inherited)?” Nearly half of all business failures are precipitated by the owner’s death. Regardless of what stage your business or practice is at, thoughtful planning and communication with your family and business are critical components in a smooth business succession. Understanding how business, ownership and family are often interwoven is one pathway to success in any business transition process.
Family owned businesses account for between 80-90% of all businesses. In the winery industry, possibly even more. As this industry has grown rapidly in recent year, those businesses are approaching succession. Here are some strategies to employ to keep your enterprise thriving.
Les MUST of Family Businesses- HOT EXECUTIVE TOPS.pdfSalim Hajje
Planning, starting, operating and retiring from a family business can be difficult. Issues such as succession and pay, corporate governance and recruiting top talent pose special problems for these kinds of organizations. Rivalry among siblings who inherit a family firm is often the kiss of death for even the strongest family business. Nonfamily members, even those who are senior executives or directors, often feel that the family treats them unfairly or fails to listen to them.
In this guide, Dr. Salim Hajje analyzes and provides excellent advice about how to solve such seemingly intractable problems. His suggestions come out of his long experience successfully advising family-run businesses in the MENA region. We recommend this sage and savvy guide to family-business founders, successors, inheritors and nonfamily executives or directors.
In this guide you will learn:
- What makes family businesses special
- What kinds of problems they face?
- Why the issue of succession is a major challenge for these businesses
- Why family businesses should bring in outside directors to supply disinterested advice
Governance mechanisms for unlisted family businessesBrowne & Mohan
Family business need to adopt effective governance practices such as family office and on board independent directors. In this article, Browne & Mohan consultants describe what, when and how to go about implementing these in family businesses
Making the case for comms in your organisationCharityComms
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Visit the CharityComms website to view slides from past events, see what events we have coming up and to check out what else we do: www.charitycomms.org.uk
Making the case for comms in your organisationCharityComms
Julie Kangisser, director, Think Communications
Visit the CharityComms website to view slides from past events, see what events we have coming up and to check out what else we do: www.charitycomms.org.uk
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RMD24 | Debunking the non-endemic revenue myth Marvin Vacquier Droop | First ...BBPMedia1
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[Note: This is a partial preview. To download this presentation, visit:
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Sustainability has become an increasingly critical topic as the world recognizes the need to protect our planet and its resources for future generations. Sustainability means meeting our current needs without compromising the ability of future generations to meet theirs. It involves long-term planning and consideration of the consequences of our actions. The goal is to create strategies that ensure the long-term viability of People, Planet, and Profit.
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1. Introduction and Key Concepts of Sustainability
2. Principles and Practices of Sustainability
3. Measures and Reporting in Sustainability
4. Sustainability Implementation & Best Practices
To download the complete presentation, visit: https://www.oeconsulting.com.sg/training-presentations
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Family business succession & growth
1. Family Business Succession and
Growth
Presented by:
Rikita Agrawal (26)
Pallav Pandya (19)
Entrepreneurship Development Institute of India
(EDII)
2. Family Business
• A family business is a business in which
– one or more members of a family have a
significant ownership interest
– significant commitments toward the business
overall well-being.
– where the voting majority is in the hands of the
controlling family including the founder(s)
– intend to pass the business
3. Some important facts about FB
• 90% ventures owned and managed by family
• 1/3rd (around 33%) of which survive till 2nd
generation
• 10% till to the 3rd generation.
4. Building Blocks
• Major building blocks which responsible for
the health of any FB are;
– The family
– The business
– The individual
5. Frequency of Conflicts
• 42% family businesses dealt with conflict
three to four times per year
• 60% dealing with particular issues before a
larger conflict
• 40% no communication about conflicts until a
crisis takes place
6. Advantages
• Commitment
• Knowledge Continuity
• Reliability and Pride
Disadvantages
• Hesitates in appointing outsides talents
• Believe better to be 100% owner of stagnant business than to be 80%
owner of a growing business
• Lack of trust on next generation
7. • This high rate of failure among family
businesses is attributed to a multitude of
reasons. Some of these reasons are the same
ones that could make any other business fail
such as
– poor management,
– insufficient cash to fund growth,
– inadequate control of costs,
– industry and other macro conditions.
Common reason for the failure of any
form of business
8. Reasons for the failure of FB
• Complexity
• Informality.
• Lack of Discipline.
9. Conflict occurs?
• Lack of communication
• Lack of proper definition of boundaries
• No shared vision and mission
• The goals of a given family member does not
harmonize with that of the family business
• Lack of information
• Disbelief of leaders in next generation
10. Conflict GOOD or BAD??
• BAD
– Takes away attention from critical business issues
– Undermines self worth
– Leads to division / faction information
• GOOD
– Results in clarification of important issues
– Leads to solutions to problems
– Encourage people to think differently
– Generate new ideas
– Help release emotions
11. Addressing these
• Annual Family Business Retreat
• Monthly meetings
• Governance structures such as a Family
Council
• A written and shared Family Mission
Statement
• Defining the operational systems
• Creating entry criteria for new entrant
12. These measure always solve conflicts ts
• Not always
• Many times these issues measure dose not solve
conflicts & leads to litigation & hence breakup of
Family business
• Which in turns results into decreasing economies
of scales
• Also the business which was successful due to
varied skills of different family members which is
spread due to breakup such business flops when
divided
14. • A business grow organically means that the
company is using internal funds to expand the
business, rather than purchasing another
business or thru other partner-sharing
business. An example of organic growth will
be increasing capital using own money.
Organic growth
15. Inorganic growth
• A growth in the operations of a business that
arises from mergers or takeovers, rather than
an increase in the companies own business
activity.
• Firms that choose to grow inorganically can
gain access to new markets and fresh ideas
that become available through successful
mergers and acquisitions.
16. Succession plan
• Confidence level of family in next generation
• Entrance criteria had to be build
• Delegation of authority
• Choice & timing of successor
• Grooming of future leader
• Emergency transition Arrangement(EMT)
• Prepare FMS (Family Mission statement)
17. Ensure growth by ensuring proper
governance
• A proper governance by making
– Family council
– Family assembly
– Business Board
18. Role of leader
• To develop mechanism for;
– Control
– Careers
– Capital
– Conflict
– Culture