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Family Strategy

Family Strategy

At the core of every family business, are the ideas of perpetuity and profit. To realize these ideas, the business must not only prosper but also adapt to changing times and generations with agility.

For stability and growth of the business, owner-families need to maintain a balance between conflicting demands of family and business, especially when families grow and business complexities increase.

At Equations, we understand the art and science of balancing family, business, and ownership dynamics. A formal family strategy acts as a guide in striking a balance between aspirations and objectives of members.

As trusted and unbiased advisors, we guide owner-promoter families to develop suitable family strategy to unlock their full potential and develop a road-map for continuity while preserving values and legacy.

We assist in developing effective family strategies

  • Conduct a FB-SCORE* assessment to diagnose the family’s inherent strengths, challenges, and gaps incurrent and desired state of success
  • Formulate the purpose, vision and mission of the family
  • Facilitate alignment of family and business objectives
  • Recommend suitable solutions and strategies for current situation and future trajectory

*Our proprietary assessment

  • Define roles, responsibilities, and rights of family members in line with business goals and policies
  • Provide clarity on family’s involvement and accountability towards the Board, organisation, and stakeholders
  • Develop strategies for creating a trusted brand through CSR and philanthropy
  • Draw out a road map for succession, ownership, and wealth structuring for family’s well-being

  • Define roles, responsibilities, and rights of family members in line with business goals and policies
  • Provide clarity on family’s involvement and accountability towards the Board, organisation, and stakeholders
  • Develop strategies for creating a trusted brand through CSR and philanthropy
  • Draw out a road map for succession, ownership, and wealth family’s  well-being

  • Design individual development plans for family members and coach them to prepare for their roles as leaders, owners, and board  members
  • Mentor and groom non-working women members to contribute significantly in the business by learning basics of business management, and developing leadership capabilities
  • Create family history and legacy stories to enhance bonding among multi-generational members

Check your FB-SCORE before planning your family strategy!

Equations’ FB-SCORE assessment is developed after a decade of our deep research on family and business dynamics and interactions with hundreds of family businesses.

FB-SCORE is a diagnostic assessment that identifies your family’s DNA in terms of values, culture, entrepreneurial orientation, and hidden potential.

It gives you an unbiased view of where you stand as a family-in-business and where you could reach in future.

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