A tool to spark a meaningful family dialogue

Successful family businesses continually monitor their business situation to identify plans and actions that support the firm’s continued growth and profitability. A fundamental step in this process is developing an understanding, shared by the family and the managers, of the business’s strengths and weaknesses. To accomplish this, the management team assesses how well the business is functioning, then works with the family leaders to build a competitive advantage.

But this is only half the equation. In a family business, equally important is simultaneous thinking about the family’s strengths and challenges.

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