Leadership Best Practices in Family Businesses

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Succession Planning > Best Practices > Leadership Best Practices in Family Businesses

Leadership Best Practices in Family Businesses
Anneke Zwart, Student (University), Netherlands, Member
Fernández-Aráoz, Iqbal and Ritter (2015) conducted research among 50 leading family-owned or family-controlled companies to find best leadership practices in family businesses:
  1. DEVELOPING A GOOD-GOVERNANCE BASELINE: Naturally, governance is a critical components for family businesses that desire to hire and retain the most talented employees to stay competitive on the long run. This is basically impossible without the establishment of good governance, especially in terms of separating the family from the business.
  2. FAMILY GRAVITY: Although successful large businesses often have a large share of non-family members within their business, the researched demonstrated it is critical to hold on to 'family gravity’, which means that they should focus on keeping what makes your particular business so special.
  3. COMPETENCIES OF FUTURE LEADERS: although successful family businesses with the aforementioned traits are usually attractive to potential managers, it is critical t (...) Read more? Sign up for free

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  On #1: Good Governance in Family Owned Businesses
Rana Mustansir, Analyst, Pakistan, Member
  (...)

  Introduce Outside Leaders in Family Owned Businesses
seechurn, HR Consultant, Mauritius, Member
  (...)

   
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Succession Planning
Summary
Forum
How to Find Hidden Leaders in an Organization
Issues with Leadership Development Programs
How to Make Leadership Training More Effective?
🔥How to Explain the Importance of a Talent Management / Leadership Development Program
Best Practices
🥇Executive Assessments Using Simulations
🥈Great Leaders Develop Future Managers and Leaders
🥉Leadership Pipeline vs Stratified Systems Theory
Norburn's Match of Company Directors to GOGOs, YOYOs and DODOs
Potential Assessment
Succession Planning in Government Organizations
Leadership Best Practices in Family Businesses
Leadership Pipeline is Aimed at Continuity
Identify Competencies First
Dealing with Managers Wanting to Run Before they can Walk
How to Develop Leadership Competencies?
Leadership or Management Pipeline?
Leadership Pipeline Model Accentuates Vertical Growth
Using Co-creation for Leadership Pipelining
Leadership Pipeline is a Useful System of Progression
Implementing the Pipeline
Succession Planning for the CEO


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