Every major leadership transition leaves an organization at risk for crisis, and family enterprises are especially vulnerable.
To help this father create a succession plan for his business, we worked with him to develop a success profile, one relevant for both today’s and tomorrow’s business challenges. We then conducted customized assessments and established development plans for each of his sons and daughters. Ultimately, one emerged as the strongest, most interested candidate. Peace was established, and a capable next-generation leader took the helm.
For decades, Vantage has helped family-owned businesses plan for leadership continuity by providing objective, thoughtful insights around the most crucial and sensitive of people decisions.
Ensuring the Success of Each Family Member
Working with a family-owned business means working with mothers and fathers, brothers and sisters, spouses and cousins. It also involves understanding what it takes to thrive in today’s complex business environment. Supporting these deep, personal relationships requires care, insight, and finesse. As business psychologists, we have the experience and expertise to partner with family businesses to help ensure successful transitions. Our partnerships with family businesses involve a combination of the following services:
Our work with family enterprises is broad and spans numerous assignments, each with features as unique as the family itself. We have consulted to family-led executive teams and are attuned to the singular challenges posed by balancing family dynamics with company leadership needs. We also have experience working with organizations led by multiple families and helping them identify and align leadership direction. We’ve coached 3rd & 4th generation family members in large national businesses, assisted leadership transitions between generations, and provided leadership assessment and development for many other family businesses. We have counseled clients during times of transition from family management to non-family management.
Our Founding Partner, Carl Robinson, is on the CEO Advisory Board for the Family Office Exchange (FOX), and our team has developed a national reputation for our pioneering work in this area.
Across a wide variety of privately-held businesses in various states of their maturity, we’ve come to understand and appreciate the complexity that exists at the intersection of family and business.
We are happy to provide references for this service upon request. Please contact us to learn more.