For family businesses, strategic planning really begins and ends with a single powerful question: Why are you in business? The answer to this question will affect the quality of decision making by business families.
In this three part series* we explore the important linkage between the business family at large, and its role in helping to establish, monitor and maintain winning business strategies in the family business.
In this second instalment* of a three part series we build on the initial premise in part one that the ‘Family’ dimension of ‘Family Business’ can be the secret weapon of business success.
In this third and final installment* we explore how family legacy decisions can affect strategy and how good planning can mitigate risk in today’s rapidly changing business environment.
In the world of big data where managers have countless reports and data at their fingertips, the key challenge for companies is to identify what they need to measure and to ensure they are measuring it properly.
For family businesses, strategic planning really begins and ends with a single powerful question: Why are you in business?