Structures and Plans for Guiding Development

THROUGHOUT THE earlier chapters we have suggested various structures and plans, such as boards, committees, and leadership roles, that can help all three groups—ownership, family, and business—accomplish their immediate tasks and prepare for the future. In this chapter we summarize those suggestions according to the developmental stage of the business.

Each of the three subsystems of the family business can benefit from a coordinating structure, which helps it accomplish its developmental tasks. There are also plans that can guide the work on those tasks. The plans usually are the responsibility of individuals in the “overlap” sectors of the model, who are in two or three of the subsystems at the ...

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