Strategic Planning at a Family Business

B|G reviewed and gathered relevant background information to gain a deeper understanding of the company.

• B|G reviewed internal documentation, which provided insight into current organizational operations, strategies, resources, and capabilities.
• Interviews were conducted with relevant stakeholders to develop a deeper understanding of key issues and topics facing the organization.
• This ground work helped identify key decisions that needed to be made by the family and leadership team in order to inform a future strategic direction for the organization.  

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Upcoming challenges and opportunities were identified, and insights were used in the development of effective growth strategies.

• B|G conducted a competitor analysis, leading to a better understanding of the organization’s competitive position in the marketplace.
• A SWOT survey given to family members and other key stakeholders, resulting in a greater awareness of the organization’s internal and external environment.

B|G facilitated a strategy retreat to help guide family members through key decisions that would affect the organization’s future. Critical topics of conversations included:

• Strategies to address the changing landscape of the current business environment.
• The strengths and weakness of the family business and areas of focus that would allow the organization to continue to scale and grow.
• Succession planning and role clarification among family members.
• Development of the necessary leadership, activities, and processes to manage the intended changes.

Decisions made at the strategic retreat have provided the foundation for the client’s future strategic direction.

• A management succession plan was established.
• A broad growth strategy was defined that took into consideration the competitive environment.
• Management and other key stakeholders aligned their ideals and plans for the business’s future.