Family Business Management

  1. Professionalization of the Family Business
    1. The Transition from Family-Run to Family-Owned
      1. Shifting Roles of Family Members
        1. Separation of Ownership and Management
          1. Governance Evolution
          2. Integrating Non-Family Managers
            1. Recruitment and Retention
              1. Attracting Talent
                1. Retention Strategies
                  1. Career Development
                  2. Creating a Merit-Based Culture
                    1. Performance Evaluation Systems
                      1. Promotion Criteria
                        1. Equal Opportunity
                        2. Compensation and Incentives for Non-Family Employees
                          1. Salary Benchmarking
                            1. Bonus and Equity Plans
                              1. Long-term Incentives
                            2. Establishing Formal Systems and Processes
                              1. Human Resources
                                1. Recruitment and Onboarding
                                  1. Training and Development
                                    1. Performance Management
                                    2. Financial Controls
                                      1. Budgeting and Forecasting
                                        1. Internal Audits
                                          1. Risk Management
                                          2. Operations Management
                                            1. Standard Operating Procedures
                                              1. Quality Control Systems
                                                1. Technology Integration
                                              2. Building Professional Management Capabilities
                                                1. Leadership Development
                                                  1. Strategic Planning
                                                    1. Organizational Design

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                                                  7. Ownership and Wealth Management

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                                                  9. Conflict Resolution