Global Integration of Family Companies Designing the Institutionalisation Process
Throughout the world and also in Turkey, a large portion of economic activity is being performed by family-owned companies. Because of their inability to grow and simultaneously institutionalize, it is an established fact that most family-owned companies experience serious problems regarding the transition of management between successive generations. Therefore their long term continuity remain uncertain. Studies suggest that the portion of family-owned companies which survive the third generation transition is only at 4%.
“Global Integration of Family Companies” services include:
In the light of corporate governance principles, reordering and regulating family relationship within the company.
Creating a “Family Constitution” which will aid communication within the family and support achievement of objectives,
While including family members in the management process and considering each member’s expectations; creating and deploying a “next generation management transition” plan.