Family Business Succession and Development

Dr. Gerard Donnellan is the author of                                  Who Will Drive the Bus? Guidance for Developing Leaders in the Family Enterprise.   Available on Amazon.  

              Elements of a well-crafted succession plan include:

  • The history of the creation and growth of the family business
  • Specifying and carving out the respective roles of family members and others in the business. This includes clear job descriptions, hire and fire policies, decision-making, assessment/feedback for all employees and other essential management issues.
  • Developing pathways that considers and welcomes family members, including the next generation into the business.
  • The role of the CEO, including the support and guidance of the Board.
  • The roles of Board members.
  • The needs and development of the NextGen: developing clear requirements for entering the business.
  • Leadership development and transition plan

Families face considerable challenges in growing their businesses AND in maintaining family harmony.  We offer expertise and experience in helping the business and the family develop and reach their goals.

           How we can help Your Family Business

·       Succession Planning

·       Executive Team Development

·       Family Retreats

·       Formation and Development of Boards

·       Establishing a Family Council

·       Assessment for Leadership Development

·       Executive Coaching for family business leaders

Locations

Lexington location 

We are located in Lexington, Massachusetts.

 

We also utilize videoconferencing meetings throughout the U.S.