INTEGRATING CHANGE AND THE NEXT GENERATION STRENGTHS
INTEGRATING CHANGE AND THE NEXT GENERATION STRENGTHS
One of the most valued goals of founders is the continued family unity and business prosperity across the generations. A crucial step towards this goal is the planning and implementation for the succession process for both the leadership and ownership. The longevity of the family in business is largely affected by the succession process of passing on and receiving. Successful founders understand that to ensure the longevity of what they have built and nurtured, which is the family and business, requires their personal readiness towards succession and a collaboration with the next gen leaders.
The founder’s readiness towards the succession process means addressing their following common concerns:
- How do I ensure my financial sustainability when I retire from the management of the business?
- How can I continue to be relevant and continue to guide my successors when I retire as the CEO of the family business(es)?
- How do I transfer to my next generation the skills, wisdom and the trust and confidence given to me by our stake holders?
- What will be my purpose when I retire?
- How do I deal with the fear of losing control in the family business which I have built and nurtured all throughout my life?
- How do I ensure I have competent successors as competent leaders and responsible owners? How do I mentor my children towards this goal?
- How can I manage the risk when my successors are not performing?
- How do I deal with next generation who are uninterested in the family business?
It is also a reality that Founders and the next generation are often affected by a generation gap. Differing views, values and philosophy when not managed can lead to misunderstandings and a widening of this gap. The Camp aims to equip both Founders and Next Gen to build a culture of collaboration that will propel them to a smooth and effective succession process.
For reservations and more information please contact us: +63.2.8637.0912 loc 244 | +63.917.562.7645 | cfbe@uap.asia
