SIIB Leadership series 2010

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Slide 1: 

Family managed businesses employ half the world's workforce and generate well over half of the world's GDP. In the United States, 24 million family businesses employ 62 percent of the workforce and account for 64 percent of the GDP. In India, it is estimated that 95 percent of the registered firms are family businesses.

Slide 2: 

The movers and shakers of the world meet at the breakfast table , usually. Family businesses.

Slide 3: 

A time comes when the keys to the empire have to be given to the next generation in the family business.

How do family businesses pass the mantle? : 

How do family businesses pass the mantle? This family business in Japan has been in business since 1400 years. Can others pass the baton even two or three times?

Incumbent attitude :Monarch : 

Incumbent attitude :Monarch Presumes that his/her role is for life time and indispensable. Fails to plan for succession and does not retire /relinquish the position during the lifetime.

Incumbent attitude : General : 

Incumbent attitude : General Retires out of self-discipline yet plot their return to the business , maybe as rescuer in crisis.

Incumbent attitude : Ambassador : 

Incumbent attitude : Ambassador Delegates most of their responsibilities but retains high value , high profile connections and representational duties and diplomatic functions for the firm.

Incumbent attitude : Governor : 

Incumbent attitude : Governor Sets the exit date and openly works towards the transfer of power within this designated timeframe.

Incumbent attitude : Inventor : 

Incumbent attitude : Inventor Eager to transfer power and exits in order to pursue the development of new business to the satisfaction of his/her creative pulses.

Incumbent attitude : Transition czar : 

Incumbent attitude : Transition czar Acknowledges the risks inherent in having a leadership vacuum and actively manages and steers the transition of power and responsibility.

Slide 11: 

TAKING OVER THE MANTLE

Slide 12: 

September 4, 2010

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