Strategic Planning for The Family Business: Parallel Planning to Unify the Family and BusinessFamily business planning has traditionally centered on two issues - estate planning and succession. These goals are far too limited for today's family firm. Business families want to turn the business into not only a tool for profit, but for self-expression, innovation and legacy. The authors introduce the new concept of the Parallel Planning Process, explaining how to integrate the needs and expectations of the family and business systems in order to create an organic and entrepreneurial unit. Planning and decision making templates are included as well as studies of well-known family businesses. |
Other editions - View all
Strategic Planning for the Family Business: Parallel Planning to Unite the ... Randel S. Carlock,Craig E Aronoff No preview available - 2001 |
Strategic Planning for The Family Business: Parallel Planning to Unify the ... R. Carlock,J. Ward No preview available - 2001 |
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actions activities agreements analysis assessment balance become build business planning business strategy capital career challenges Chapter communication company’s compete competitive consider Continuity contribute create critical customers cycle decision-making decisions directors discussion effective employees encourage environment example expectations experience explore external family and business family business Family Commitment Family Enterprise family meetings family members family’s Figure final firm firm’s forces future Future Vision goals governance grow growth ideas identify important improve increase individual industry influence interests internal investment issues leadership long-term ment needs ness opportunities organization owners ownership participation performance Philosophy planning process position possible profit programs questions reinvestment relationships requires responsibilities result roles senior share shareholders skills strategic planning Strategic Potential strengths structure success successor Table thinking understanding values vision