Transfer of business blueprint NEXT Strategy/ plan

Transcript:Transfer of business blueprint NEXT Strategy/ plan:
Transfer of business blueprint NEXT Strategy/ plan Family firms represent relatively stable systems so long as the founding entrepreneur is in place. They subsequently become destabilized as a function of such “triggering events” as the decision to bring a family member into a senior position, the founder’s decision to disengage or decision about firms’ selling (Morris, Williams, Nel, 1996). Successful adaptation to the new situation is influenced by the conditions within the firm (e.g. state of maturity, economic health) and family dynamics (e.g. closeness of family, interdependencies among family members, sibling rivalries, financial condition of family members) (Beckhard, Dyer 1983), as well as the situation in the firm’s environment. Such critical changes in the firm, eventually leading to the ownership and authority transfer, need to be overthought and planned in details (Family Business Survey, 2016). NEXT BACK Strategy/ plan Process of planning the business transfer should be preceded by answering the questions from the list below: is there any family member who wants and can (has the knowledge and skills) takeover the firm? what skills do the new generation need to succeed? how generation change of firm’s ownership/authority will influence the relationships among family members? what are different models of business transfer, beside next generation’s succession? what are pros/cons each of them? is the firm prepared for the changes? is it structured and functioning on high level of professionalism? (that is fundamental for transferring the authority, know-how and values) what is the time horizon? what is the deadline the founding entrepreneur wants to complete the process of business transfer? what are his/her plans afterwards? are there any partners that could support the process? NEXT BACK The strategy of business transfer consists elements as follow: analysis, aims, plan of action NEXT BACK elaborated by Anita Richert-Kaźmierska Successor/ donator…? It is very important to aswer the question: How the business transfer might be carried out? Possible model of business transfer: Model 1 – family transfer Model 2 – one or more external entrepreneurs Model 3 – takeover by company executives Model 4 – takeover by a workers´ cooperative etc. Model 5 – takeover by another company Model 6 – takeover in form of a mixed scheme BACK More about model 1 More about model 2 More about model 3 More about model 4 More about model 5 More about model 6 SUPPORT How to finance a business transfer? Model 1business takeover within