Leadership Succession Planning Service for Family Businesses
Planning for a new generation of family business leadership is rarely a simple process, even when another generation of willing replacements is waiting in the wings.
Whether you’re developing talent from inside the family or undertaking a broader search, today’s business landscape can be unforgiving and leadership shortcomings don’t go unpunished for long if you make the wrong choice.
Family businesses that hire non-family members for CEO and other executive positions often lose them in the first year – a significant and expensive business disruption. Family businesses that hire internal family candidates can see their efforts derail over unresolved family conflicts or a mismatch between a candidate’s skills and the role.
Careful succession planning—facilitated by a guide with expertise in navigating family business challenges—is key to avoiding such scenarios so your family business can thrive into the next generation and beyond.
Are You Ready to Hire?
Find out if you’re ready to hire a family or non-family executive to fill your open CEO or other leadership role by completing our free, online succession planning assessment.
Completing the assessment will help you clarify the requirements, goals and success factors before you embark on an executive search and hiring process.
The Process
Effective family business succession planning begins with answering questions that provide insight into “what” you want from a specific leadership role before you focus on “who” will fill it:
What are the goals of the business?
What challenges lie between the business and its goals?
What are the expectations of the roles to be filled?
The Stranberg family business succession planning process is built on knowing how to facilitate the conversations that must come before hiring to surface the goals, challenges and needs of your family business before the executive search and hiring process begins.
With 35 years of experience in executive search and consulting, we’ve honed our processes helping multi-generational family businesses of varying sizes, across a wide array of industries. As a second-generation family business ourselves, Stranberg has unique insight into the strengths, weaknesses, complications, and culture of family-owned businesses.
How to Get Started
Stranberg succession planning services are designed to set the stage for the executive search process and eventual transition of leadership, by assessing what’s working, what’s needed, and determining the role, goals and responsibilities of the positions to be filled. We will work with you to clearly define the role, identify the highest quality candidates, and streamline the inboarding/onboarding process – whether your ideal candidate comes from within the family or outside of it.
It’s a comprehensive, strategic and customized approach.
Contact a Stranberg succession planning expert to learn how our approach can help ensure you’re ready to hire a successor and retain them over the long term, so your business can thrive for generations to come.