Our client, a family business run by the second generation, had a stellar record of business performance.They were interested in expanding the business geographically and moving up the value chain.
The family wanted to develop and implement a succession plan.
For effective succession planning,there needs to be clarity on the profile of the future leaders.It also requires a well-defined assessment process to ensure leader selection is unbiased.
What we did:
Tier 1: Designing the plan
Tier 2: Handholding through the implementation
The succession process was smooth and decisions taken have helped the family strengthen their leadership team.