Family Business Management

  • Family businesses represent the combination of two different systems. The family value system and the business value system. These systems are governed by values that are ironically polar opposites. Hence, conflicts arise as the family and its members struggle to determine which values should be used for which problem. Is it a family problem, and therefore should we use a family value? - Or is it a business problem, relegating that the solution to the problem be determined by a business value.
    International Talent Management Consulting understands what makes family and closely held businesses unique. International Talent Management Consulting, thus, provides comprehensive and integrated solutions for both the family and the business.International Talent Management Consulting understands family values and knows how best to connect family values to best business practices. The strategies recommended are not theories - they are proven success strategies for family businesses.

    International Talent Management Consulting consultants take a unique, collaborative approach that focuses on the tri-circle theory of family businesses. Studies suggest that the world of family business generates a mixture of business,family and ownership concerns that can make these systems emotionally charged environments for planning and problem solving. In these systems,individuals must manage issues within and across three overlapping groups: the family, the business, and the ownership group.

    International Talent Management Consulting believes that since every family is different, every family business is unique. Consequently, International Talent Management Consulting approaches each consultation with a "clean slate " and custom designs each consultation based on the initial information gathered in the engagement process.

    International Talent Management Consulting helps design a plan to strengthen, secure, and grow family businesses so it can thrive for generations to come.