A family-run business had several generations working in management positions and was struggling with succession planning. The father, Sal Jr., and grandfather, Sal, Sr., didn’t want to lose touch with the business they’d struggled so hard to create and didn’t trust the younger generation to run the business properly. Meanwhile, the business-school educated daughter, Talia, was frustrated that her ideas for change weren’t being implemented and was resentful that her seemingly less-skilled cousin, Michael, was being touted as the next president.
Through management consulting, the family can learn how to separate family issues and dynamics from
business. This will allow them to make decisions based on sound business rationale, rather than following ingrained habits stemming from family issues. Consulting will also help the family members identify their individual goals. This enables family members to make their objectives known, and enables them to create an action plan to meet those goals.
If your running into these issues in your business, contact Michael & Mary