Integrated Change Management©: Challenges for Family Business Clients and Consultants
Global competition, shorter business cycles, and a new and different workforce require a faster pace of change than some business-owning families can or want to accommodate. They need help to decide what course of action would best serve their needs going forward. Should they change their business model? Should they continue what they’re doing? Should they sell the business? Each choice brings with it a different set of consequences. All require stakeholders to make emotionally charged, life-changing decisions. Integrated Change Management© engages clients in meaningful and “feelingful” conversations regarding their individual and collective futures. It also provides them with a clear and finite set of options to choose from, together with a mechanism to assess these options’ potential to satisfy business, personal, and family objectives. The process offers family business consultants a range of opportunities to assist clients in charting their future.
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Document Type: Research Article
Affiliations: Marta Vago, Inc., and FFI.
Publication date: March 1, 2004