Madrid, April 27, 2023.
The family business has a series of special characteristics that can represent an advantage or disadvantage depending on how they are managed. A successful administration implies recognizing these characteristics and working on them to take advantage of their advantages while addressing the challenges inherent in business management.
In this sense, the process of generational change in the family business becomes an emotional and strategic challenge since both ownership and management fall into the hands of family members. This fact usually creates a strong emotional connection with the company and its values, so it is essential to plan this succession in advance and have a well-structured strategic plan to ensure its success. CEDEC, the leading Strategic Organization Consultancy in Europe in management, direction and organization, has been working with family businesses and SMEs for more than 55 years. Thanks to his long experience, he can verify that signing a family business protocol is not enough to guarantee a good generational change. The tensions derived from the overlapping of the family and business spheres within it can jeopardize the viability of the business project as a whole, in addition to taking into account that a generational replacement that does not include a consensual evolution of the management model is doomed to failure. For this reason, CEDEC has created a free guide proposed as a 10-stage roadmap that explores the process of generational change in family businesses, establishing the steps to follow, from the identification of needs and objectives, the selection of the successor, the training and development of future leaders until the effective formal transition, without a doubt, a critical process that must guarantee the continuity and long-term success of the company. In its work, the CEDEC consultancy makes available to the companies the organization systems that are most efficient with the aim of consolidating their business results and working towards the achievement of Business Excellence, thanks to its proven work methodology implemented effectively in thousands of companies of different sizes. Member of the AEC, the Spanish Association of Consulting Companies, CEDEC has offices in Spain in Madrid and Barcelona, the consultancy is also present in France, Belgium, Luxembourg, Switzerland and Italy, employing a staff of more than 300 highly qualified professionals. qualified at all its offices, 150 of which are in Spain. CEDEC works for and for businessmen, accompanying them so that they can meet their professional and personal objectives, with the aim of having the company they want to have. For this reason, with this mini-guide, they will be able to discover the main stages and aspects to take into account when successfully planning the generational change of the company and implementing it with a correct transition from one generation to another to continue advancing towards Excellence. business.
Contact Contact name: Pere Terés Contact description: CEDEC Press Office Contact telephone number: 930330101
