A “KISS” APPROACH TO SUCCESSION PLANNING. Larry Stybel STYBEL PEABODY ASSOC. INC.

Slides:

Advertisements

Similar presentations

Digifast Corporation Innovations of a Café. About DigiFast A new company that is growing drastically Located inside a four-story office building that.

Advertisements

DO YOU WANT TO BE AN ENTREPRENEUR?. WHAT IT TAKES Starting your own business may sound exciting, but it is not something to take on lightly. Do some soul.

Surrey’s Autism Partnership Board Improving Access to Services Group 19 th July 2011.

Wiltshire RE Starter Stimulus Starter ideas for the following key question from the 2011 Agreed Syllabus: KS1.10 How do we show we care for others? This.

ELK Solutions’ Interview Prep

TuTh – 4:00-5:15 Psych 241 – Methods Lab section 03.

Poza Chapter Build Institutional Governance and Manage the Transfer of Power 2. Promote Trust Among Family Members 3. Develop the “Next Generation”

Merck and River Blindness

© 2008 Rosenbloom Law Group LLC Legal Issues in Entrepreneurship: Advice From the Trenches Jack A. Rosenbloom, Esq. Rosenbloom Law Group LLC January 14,

Zurich accepts no responsibility for ensuring that this presentation meets the requirements of financial services legislation covering financial promotions.

Chapter 2 First Leadership Imperative The Mandate to Build Institutions of Governance and Manage the Transfer of Power Family Business, First Edition,

FAKE IT TILL YOU BECOME IT: CALM ASSERTIVE LEADERSHIP Larry Stybel,Ed.D. STYBEL PEABODY ASSOCIATES, A Lincolnshire Company.

Guido Corbetta Chair AIdAF-EY of Strategic Management in Family Business In memory of Alberto Falck Helsinki, 19 th September 2014 Governance for Long-lasting.

Southern Regional Education Board TCTW TCTW National Forum, Developing Human Capital is the Issue of our Times, January 14-15, 2009 How Should We Measure.

3 rd Party Entity A. Individual Financial Interests B. Spouse Financial Interests C. Dep. Children Financial Interests D. Collective (A+B+C) E. Significant.

Entrepreneurial process Identify and evaluate the opportunity Develop business plan Define and acquire resources Manage the enterprise.

© 2003 The McGraw-Hill Companies, Inc. All rights reserved. Introduction to Valuation: The Time Value of Money (Formulas) Chapter Five.

CHAPTER Section 15.1 Hiring Decisions Section 15.2 Training & Motivating Employees Staffing Your Business.

Maslow’s Hierarchy of Needs

Succession Planning for A/E/C Firms Hugh Hochberg The Coxe Group

Key Traits of Leading Innovation Companies. Innovation Best Practice leading Innovation Companies demonstrate common traits: Strategic Intent Market Insight.

VOLUNTEERS A Means of Continuity Amidst Constant Change Cathy Bastin, Associate Director The Fund Raising School IU Lilly Family School of Philanthropy.

‘Leveraging a Legacy’ 6 Strategies for Successful Family Business Planning Presented by Lisë Stewart Founder ~ Galliard Group.

McGraw-Hill/Irwin PPT Module 26 Researching Jobs ©2007, The McGraw-Hill Companies, All Rights Reserved.

Welcome to Week 15! Entrepreneurship: Chapter 10 and 11 Ashton Converse Corporate Governance and Organizational Structure and Controls.

The Real Cost of Healthcare for Women. The Real Cost of Healthcare Inflation 2004 Kaiser Family Foundation Women & Healthcare, a National Profile 27%

Co-designing a Patient & Public Involvement work plan t: w:

Integrity and Ethics 1.

Tf: (800) | w: Barry L. Brown, SPHR, CCP President Effective Resources, Inc. October 7, 2006 Developing Credibility.

Type header copy here. Your Growth Plan… Organic or Acquisition Driven? January 29, 2014.

Fundraising Bingo Write the name of a person in the room that matches each statement in the each box. A name can only be used one time. Prizes awarded.

Los Angeles Youth At Work Larry Tash Los Angeles Chamber of Commerce UNITE-LA.

Wiltshire RE Starter Stimulus Starter ideas for the following key question from the 2011 Agreed Syllabus: KS1.10 How do we show we care for others? This.

Earl Maxwell, CEO St. David’s Foundation December 3, 2010 Succession Leadership Presented to AISD Leadership Succession.

Making a Point Review. Making-a-Point has three parts. 1. a claim or statement 2. details and/or examples to backup the claim or statement 3. a conclusion.

AFTER HUMAN RESOURCES……. Larry Stybel.

Type header copy here. June 4, Sponsors Actions Family Unit Outcomes Actions Assets/ Firm Outcomes Actions Individual Member Outcomes © Institute.

Nevada Microenterprise Initiative How To Manage a Successful Small Business Anna Siefert, Operations Manager/WBC Project Director NMI 1600 E. Desert Inn.

OA Ownership Associates Employee Ownership Training and Education in the USA Christopher Mackin, Ownership Associates,

Ethical Guidelines and Prohibitions Arkansas School Laws Annotated Chapter 24.

Putting the Pieces Together: The Parent Perspective Measuring Child and Family Outcomes Conference August 27,2008 Measuring Child and Family Outcomes Conference.

CEWD Workforce Summit Charlotte N.C. IBEW Headquartered in Washington D.C.

“Mind Your Own Business” On this first slide put the name of your business – your name and a picture.

Life was great ! * Mum could stay home with Kids * One wage was enough * Finding a job was easy * Same employer until retirement * A University Education.

Michigan Merit Curriculum Standard 6: Decision Making – 4.7 Apply decision-making and problem-solving steps to generate alternative solutions regarding.

MGMT 3710 Entrepreneurial Foundations Chapter 9 The Business Plan.

Electronic Notetaking Take your notes directly into the slide. Each slide reflects a different point or idea. You can copy and paste, or put the ideas.

What’s Next? Checking and Savings Accounts. Opening a Checking Account Name some items you should bring with you to open a checking account.   Identification.

Chapter 5 Entrepreneurship Hellriegel, Jackson, and Slocum MANAGEMENT: A Competency-Based Approach South-Western College Publishing Copyright © 2002.

Selecting an Agriculture Pathway. Lesson 3 Objectives: Objective 1: The learner will describe the four steps in career selection. Objective 2: The learner.

LSC Governance Committees: “Moving Your LSC from So-So.. to Here We Go!” Presented by :Laura Matuszak USA Swimming - LSC Development Committee.

WHY IT IS CALLED “REPORT TO THE BOARD” AND NOT REPORT TO THE TABLE? IMPLICATIONS FOR FAMILY BUSINESS BOARDS. Maryanne Peabody & Larry Stybel.

Johns Hopkins 2010 United Way Campaign Give Help for Today and Hope for Tomorrow.

SW 644: Issues in Developmental Disabilities Self-Determination Lecture Presenters: Dennis Harkins.

Fiscal Policy. Fiscal Policy Terms Fiscal Policy: Changes in federal government spending or tax revenues designed to promote full employment, price stability,

WHAT IS A COMPUTER? LESSON 1-1. OBJECTIVES The student will be able to: Explain and give examples of the concepts on computers and computing.

What is Your Potential in Premier Designs?

Marketing Marketing Indicator 1.05 Indicator 1.05.

Would You Survive In The Wilderness?. Put the following into the order in which you would need to do them to have the best chance of survival. Build a.

BUDGET 101. Learning Objectives Better understand the budget process Become familiar with the roles of staff, the City Manager, and City Council.

Recruiting Solutions v v Human Capital Symposium October 26, 2011 The Challenges of Hyper Growth.

Essential Standard 2.00 Understand business organization and management. 1.

Karalie Relyea-Kanneh Realtor & Real Estate School Administrator Five generations raised in Clark County Assistant to Broker Don Relyea Real Estate School.

The 3 Parts of Successful Employment. WHY ARE YOU HERE TODAY WHAT DO YOU WANT TO LEARN FROM THIS CLASS HOW TO TAKE THE NEXT STEPS BONUS - 15 MINUTES EXCHANGE.

Section Interest Areas – What Do With? Presentation Development Using Google Drive to do a Google Slide Presentation is most highly recommended!

Writing Skills Application Materials Workshop Hiring Committee Reports.

Job Interview Q and A أسئلة و أجوبة للمقابلات الوظيفية

Person Centered Planning

Level I: who/what/when/where; answer is explicit in text; one correct answer Level II: why/how, compare/contrast; answer is implicit in text; many correct.

Chief Resident Academy Organization and Delegation

Presentation transcript:

A “KISS” APPROACH TO SUCCESSION PLANNING. Larry Stybel STYBEL PEABODY ASSOC. INC.

MY GREATEST FAILURE

THE KISS APROACH TO SUCCESSION PLANNING. The danger of Important/Not Urgent Business Issues and what you can do about it. Succession planning starts at the top: the KISS approach at the ownership level. Moving down the organization to institutionalize smooth transitions.

IDEAS TO ACTION WORKSHOP

Matthew Sonfeld et al. “Family Business and the Relationship Between Business Age and Management Activities, Styles, and Practices: a four country analysis.” SMALL BUSINESS INSTITUTE RESEARCH REVIEW, Volume 25, 2008.

2006 U.S. Census 35% of Fortune 500 Companies. 80% of the 15 million U.S. businesses. 50% of U.S. GNP. 50% of U.S. employment.

SONFIELD STUDY: YEARS IN BUSINESS AND SUCCESSION PLANS. USA France Croatia India

THEY ALL SUCK

88% believe business will be in family in five years……….

12% survive from the second to the third generation.

3% survive from the 3 rd to the 4 th Generation.

WHY SHOULD YOU CARE? Control Today. Predict Tomorrow.

YOU CAN GET AS COMPLEX AS YOU CAN AFFORD……448 pages

Bring a “real” outsider to your Board with a mandate of holding your feet to the fire in making succession Important AND Urgent. If you are a family business, do not put the burden onto your family, friends, or business people who depend on you for revenue. Hire someone five years before you think you need to do it. Schedule one hour a year of Board meeting to discuss succession issues.

Good Actions Trump Good Intentions.

Policy #1: No Promotion Possible Unless Incumbent Identifies and Develops Replacement.

1. Incumbent has identified successor.

2. Incumbent is Developing Successor.

Money Rocks!!

Spend More Time Cultivating High Potentials on Your Team.

KISS Approach to Succession. Failure to plan means someone else decides…. Succession can move from important/not urgent to important/urgent. Starts from the top of the company. To institutionalize, change your compensation system and evaluation system.

Want a Copy of These Slides?