Next-Generation Transition

We work with owner-families to enable an effective generational transition.
Our services are:  

Planning the Transition

• Objectively evaluating expectations, challenges, capabilities, and willingness of both, senior and younger generations to go through the transition process
• Creating an environment for family members to accept and adapt to changes, express their consent and disagreements freely
• Developing a comprehensive Transition Plan taking into consideration successors’ interest and readiness, business strategies,  complexity

 Managing  the Transition

• Developing systems and processes to execute Transition plan cohesively within the family and the organization
• Defining/changing roles and responsibilities, developing accountability and performance norms of successors, selecting and mentoring non-family CXOs
• Recommending restructuring or splitting of ongoing businesses, adding new ventures, incubation fund in case of multiple successors or family branches

  Next-generation Development

• • Assessing competencies and capabilities of next-gen members to identify their personality and  leadership potential
  • Designing Individual Development Plans for next-gen successors,  enhancing their sense of belongingness, and developing skills for current and future roles 
  • Conducting a time-bound Induction program for younger members to familiarize them with business basics, organizational culture, and people management 

  Professionalizing the Work Culture

• Creating a Code of Conduct and a formal Family Board structure for good governance and effective decision-making among different generations of family members and key executives
• Facilitating family members to separate family, management, and ownership roles by creating transparent policies on responsibilities, rewards, and recognition
• Mentoring successors, Board members, and key executives to align vision and goals, enhance business performance, leadership skills, and build a professional work culture