At some point in time in time every business owner will “exit” their business. In most cases, a small business represents a significant component of family wealth and the owner will be keenly interested in maximizing this value when the business is either sold to an outside 3rd party or key employee, or transferred through [...]
Entries Tagged as 'Business Leadership Management'
Exit or Succession Planning For Small Businesses
September 3rd, 2010 · 1 Comment · Business Leadership Management, Family Business Succession, Family Succession Planning, Management Succession Planning
Tags: business intermediary·exit planning·Family Business Succession·Succession Planning Steps
The Importance of Succession Planning
September 2nd, 2010 · No Comments · Business Leadership Management, Family Business Succession, Management Succession Planning
Business Continuity Planning
The Disaster Recovery Journal (DRJ) defines Business Continuity Management (BCM) as “A holistic management process that identifies potential impacts that threaten an organization and provides a framework for building resilience with the capability for an effective response that safeguards the interests of its key stakeholders, reputation, brand and value creating activities.
The management of [...]
Tags: Business Continuity Planning·Certified Business Continuity·contingency plan·definition of disaster·disaster recovery plan·Emergency Solutions·process of succession·Wikipedia
Strategic Succession Planning – Assessing Competencies to Identify and Develop Future Leaders
August 31st, 2010 · No Comments · Business Leadership Management, Family Business Strategies, Family Business Succession
Strategic Succession Planning
Are you working in a company or law firm where leadership consultants help leaders develop an effective competency-based succession plan? Does your company or law firm provide executive coaching and leadership development for their valued leaders?
One of the most powerful questions you can ask is “Do we have an effective succession planning [...]
Tags: executive coaching·Family Business Strategies·Family Business Succession·Future Leaders·Leadership Development·Strategic Succession Planning·succession planning process
Organization Best Practices – Succession Planning
August 30th, 2010 · No Comments · Business Leadership Management, Family Business Succession, Management Succession Planning
Definition.
Succession Planning involves preparing for the departure of key personnel, typically those in leadership roles, such as senior management, and most commonly those in the top executive spot such as the CEO, CFO, President, or Executive Director. For brevity, the term “CEO” will be used throughout the document, but it should be understood to represent [...]
Tags: business goals·change management·change management consulting·exit strategy business·succession planning decisions
How a Good Succession Plan Can Ensure Smooth Operations in Your Organizational Culture
August 28th, 2010 · No Comments · Business Leadership Management, Family Business Succession, Strategic Planning
Have you given this a thought yet: What will happen to your business if one of the top level executives such as the CEO were to meet with a contingency that necessitated his or her exit from the organization?
If that would happen, what resources and means does your business have to ensure that it is [...]
Tags: business transition coaching·Organizational Culture·succession planning
