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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