Family Business Retreat
April 20, 2011
Family Business Retreat
Strengthen
Family Communications
“Organizing a family business retreat is one of the most important strategies used to help strengthen the communication system in a family-owned business,” according to top family business expert Don Schwerzler
“The retreat can involve all the family members who work in the family business, those family members not active in the business and the spouses of the family members – even young adults.”
Schwerzler, who has been studying and advising family business entrepreneurs for more than 40 years, is the founder of the Family Business Institute, headquartered in Atlanta GA.
More Effective Retreat? Use a Facilitator!
Many family businesses elect to retain the services of a facilitator trained in family business dynamics to ensure the optimum results for the retreat. Using a family business expert as a facilitator can help identify the issues that need to be addressed while ensuring that a non-confrontational atmosphere is maintained.
Conduct your retreat offsite
A family retreat is generally conducted off-site because it is almost impossible to maintain the attention and the focus on critical issues and objectives in the conference room during normal business hours.
Benefits of a family business retreat
The retreat helps to integrate and connect the personal and professional goals of each family member to the family’s strategic vision for the business. The retreat helps to strengthen family ties by building trust and creating clarity of vision for both the family and the business. They help to establish balance between business responsibilities and family obligations. They provide the best environment for family members to share their dreams and expectations about the legacy of the family business.
There’s lots to discuss!
The discussion topics during a family business retreat can include a wide range of issues such as compensation, individual roles in the business, succession management, retirement planning, financial performance of the business, strategic objectives for the business, how family values and culture influence the family business, corporate governance, business policies and to communicate the strategic goals and objectives of the family to the executive management team of the business.
Process – not an event
It is important to note that the retreat is not an event – it is the beginning of a process that will enable the family business to grow and prosper and to help ensure that family members maintain and develop healthy relationships.
Operational Analysis
Conducting an operational analysis of the family businesss, prior to a family business retreat, provides insights to the business differently than the financial analysis. We encourage family members and their spouses to be involved in the retreat. Information from the “operational analysis” enables everyone to better understand the workings of the family’s business without discussing confidential financial information.
Change Management
Crucial to the success of a family business is the ability for the business to adapt to change – and to do it quickly. Working on “change management” and understanding the dynamics of change on the family business should be on the agenda of every family business retreat!
Organizational Alignment
As family businesses grow, key family executives may become less involved in the day to day running of the business. To ensure the managers and the allocation of resources are aligned with the goals and objectives of the family business owner(s), we recommend that an organizational assessment be part of the family business retreat. The best online assessment tool, one that is inexpensive and easy to use is ODS-OL.
Family Business Innovation
Succession management is all about a family business making a successful transition from one generation to the next. Succession time is a perfect time to include transformational changes in the family business as part of the family business retreat. Learn about the 10 critical mind-set changes that should be addressed as part of a “family business innovation program”.
Celebrate and Reflect
The retreat is a great time to celebrate the success of the family business and to reflect on the sacrifices made by the family members who founded the business and the legacy they aspired to pass down to future generations.
Source: http://www.family-business-experts.com/family-business-retreat.html
Recent surge of investments going into Clark Philippines drained Clark Freeport of prime land available for long-term leases. Investors now look for partnerships and acquisition opportunities with existing businesses located in Clark Philippines.
Three new casinos, another world-class 36-hole golf course, several new hotels and resorts of varying class of luxury have opened in Philippines Clark Freeport over the last six months. Samsung Electronics just broke ground for a US$5 billion electronics plant, coincidentally in a location adjacent to the US$2 billion plant of US chip manufacturer Texas Instruments. Hundreds of hectares of prime land in the 4200-hectare main zone of Clark Freeport have quickly been occupied. Almost the entire central business district has gone off the map of available land in this fast-growth investment destination.
With its near-zero crime rate, low pollution levels, absence of traffic congestion and a favorable tax structure, Clark Freeport is well known among foreign investors as the destination of choice. Now that the Clark International Airport (DMIA) has flung into full operations with dozens of flights linking Clark to all major cities in Asia and some beyond, Clark Freeport, Pampanga has come of age.
This web site contains articles and information that will be helpful to visitors, residents and tourists traveling out of town from Manila on a short getaway to Subic, Angeles City, Pampanga and Clark Philippines. There are several web sites that contain information that might also be pertinent to what is happening in North Luzon.
For assistance with organizing and planning weddings and garden receptions, log on to http://www.PhilippinesWeddingVenue.com
For assistance with lodgings, accommodations, hotels and resorts near Manila in Subic, Pampanga, Angels City and Clark Philippines log on to http://www.HotelClarkPhilippines.com
While in Clark, one might as well add to the itinerary a visit to the famous Clark Wine Center, the largest wine shop in Philippines which offers over 2000 selections of fine vintage wine from all wine regions, vintages spanning over 50 years covering all price ranges.
http://www.ClarkWineCenter.com
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