Systemic Scenarios for Succession Planning
Succession planning in family-owned businesses is often delayed or avoided, leading to suboptimal outcomes for owners and the business. Starting early with succession planning is recommended, using a systemic scenario planning approach that focuses on the relationships and dynamics within the business. The process involves assessing the current situation, developing future scenarios, evaluating implications, engaging stakeholders, and implementing and monitoring the plan. Stakeholders can participate in seminars to gain insights from others facing similar challenges. This step-by-step approach reduces stress and helps the organization retain and grow its resilience.
Takeaways
- Succession planning in family-owned businesses is often neglected, leading to last-minute scrambles and suboptimal outcomes.
- Starting early with succession planning and using a systemic scenario planning approach can lead to better results.
- The process involves assessing the current situation, developing future scenarios, evaluating implications, and engaging key stakeholders.
- Participating in seminars with other stakeholders facing similar challenges can provide valuable insights and mutual learning experiences.
Chapters
00:00 Introduction and Challenges in Succession Planning
01:02 Systemic Scenario Planning
04:07 Developing Future Scenarios
04:36 Evaluating and Assessing Implications
05:05 Engaging Key Stakeholders
05:33 Individual or Group Approach
06:03 Benefits of a Step-by-Step Approach
06:26 Conclusion and Good Luck
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