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UFB Newsletter Issue #035 Succession Management Process March 10, 2005 |
ISSN 15465640 A free monthly e-zine with articles and tips from Family Business Experts who understand family values and business systems.
March 10, 2005 Issue #035 Family Business Experts https://www.family-business-experts.com http://www.familybusinessexperts.com
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In This Issue... 1. Our Managing Director Announces - 2. Business first family...Family first business Succession Management Process 3. Legacy through Leadership LP11. Ensuring Successful Goal Achievement 4. Around the Family Business Experts web sites
1. Our Managing Director Announces - Our succession management process is gaining international recognition. The most frequent question we are asked at workshops and seminars is: "When is the best time to start?" Our answer: "Now!" We were asked by Families in Business to describe our succession management process, which we do from the most important perspective - the client's! Families in Business is a prestigious magazine published in London, England, and distributed to large family businesses around the globe. We continue with the Leadership Practices series, since these practices are the foundation for the processes that must be in place in order to achieve success. Reminder: We've developed a couple of quick diagnostic assessments to help you. They are both fr*ee [at least for a while] and we try to deliver 48 hour turnaround of our analysis. Try them! The Holonomic Top Down Assessment asks you about a combination of the 12 Main Enabling Processes that an effective organization has to have operating in order to achieve the 6 Desired Organizational Characteristics of effective organizations. Where your assessment indicates one or more of these are not working in your organization, we'll feed back suggestions as to the underlying Leadership Practices that might not be working. Diagnosing from the other direction - Bottom-Up - we ask you to identify which of 29 Leadership Practices aren't present or working. From that, we point you to Enabling Processes and thus Desired Characteristics that probably aren't functioning.
Whether to contribute, challenge (or hopefully even praise) our newsletter, I encourage you to contact me directly Don, or our editor David. Enjoy, and here's wishing you, your family, your clients... much success! Don Schwerzler, Managing Director 2. Business first family...Family first business:
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3. Legacy through Leadership There are 29 Leadership Practices [LP] that are really the foundation upon which 12 holonomic or enabling processes[HP] are built, and which, in turn, produce 6 desired organizational characteristics [DOC]. We'll look at each in this section. LP11. Ensuring Successful Goal AchievementEnsuring successful goal achievement demands systematic problem identification throughout the organization. Once a problem is identified, a plan supported by tough and realistic performance standards - is developed to solve the problem. The plan is crafted to the organization's specific situation and it is aimed at achieving the strategic direction. The problem solving process involves deciding what to do and how to do it. It fosters successful goal achievement. Additionally, an accountable manager audits and reviews progress toward the goal and ensures that project plans are implemented. Would you like to see how the 29 Leadership Practices are affecting your family business? Our assessment only takes a few minutes to complete! Take our fr*ee assessment on the 29 Leadership Practices...
4. Around the Family Business Experts web sites Search the entire content site
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