Family Business Leadership Governance Consulting (FBLGC)
What is Family Business Leadership Governance Consulting (FBLGC)?
According to the Family Business Institute, it’s crucial to recognize that family businesses face significant hurdles. Only thirty percent of them manage to survive into the second generation, twelve percent into the third, and a mere three percent continue to operate into the fourth generation or beyond. It is a well-known fact that family firms often struggle with survival, leadership changes, and governance. The complex dynamics within families can hinder decision-making and lead to conflicts of interest, which these companies frequently grapple with. Therefore, the Family Business Leadership Governance (FBLG) consulting services, based on Jibran’s ASLI framework, are a lifeline for family businesses, offering solutions for their sustainability and growth.
How FBLGC Consulting Process Works?Following is the 4 steps’ ASLI Framework for FBLGC Consulting Process
1. APPROACH
Set the approach to leading the family business (Family First or Business First)
2. STRATEGY
Define Family Business Strategy (Family Strategy, Owner Strategy, and Business Portfolio Strategy)
3. LEADERSHIP STRUCTURE
Develop a family business leadership structure based on the Family Council, the Board of Directors, and the Family Office.
4. IMPERITIVES
Craft Family Business Policies and Succession Planning.