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What the assessment measures
The assessment
carefully examines four broad areas that drive business success:
Owners' Relationships
Ownership Structures
Management Structures
CEO/Founder Readiness for Succession
Owners' Relationships
looks at a variety of ways in which owners interact both within
and outside their business environment, including communication
patterns, partner or sibling rivalry and other aspects of how owners
work together.
Ownership
Structures examines legal and financial aspects of how ownership
of the company is organized. This includes such issues as liquidity,
the ability of individuals to enter or exit ownership positions,
and the estate plan. Governance structures are also evaluated.
Management
Structures evaluates a broad variety of items including management
organization, employment and compensation arrangements, and successor
training.
And finally,
the CEO/Founder Readiness for Succession is evaluated by
carefully examining the CEO/founder's transitional style, including
delegation of authority, mentoring, and the degree to which he or
she is involved with outside peers and interests.
Each of these
four general areas is further subdivided into four unique factors,
for a total of sixteen specific factors that are evaluated by the
Family Business Assessment.
The Sixteen
Factors
The Family Business Assessment tool measures sixteen key factors
that are proven to be critical for successful succession and strategic
business advantage. In the context of the four general areas, the
sixteen factors are:
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CEO/Founder
Readiness for Succession
- Peer
support
- Passionate
outside interests
- Shift
to mentor role
- Delegation
of authority
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Owners'
Relationships
- Clear
role boundaries
- Open
communication channels
- Partner/family
validated values
- Partner/sibling
rivalry directed outward
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Management
Structures
- Successor
training program
- Market-driven
compensation
- Performance-based
employment
- Management
task force
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Ownership
Structures
- Two-way
liquidity
- Strategically
driven estate plan
- Multiple
exit strategies
- Board
with outside director
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The specific
results associated with each of these factors for your company are
fully explained in the Solution Sage report that you receive at
the conclusion of your assessment.
View
a SAMPLE Solution Sage Report
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