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Strategic Planning
Planning is key to success, but 70% of respondents to a recent American Family Business Survey reported that their family business does not have a strategic plan.
Those who did report having an up-to-date strategic plan were more likely to have succession plans, written policies regarding family employment, and formal buy-sell agreements. Each of these components pave the way to successful management succession, ownership transition, effective governance and profitable business strategies.
At Jensen Consulting we are ready to assist your family business in all areas of strategic planning. Together, we will:
- Develop a strategic plan with a clear action path.
- Conduct a comprehensive business review.
- Evaluate your business strategies.
- Clarify roles and responsibilities; assure comprehensive job descriptions.
- Implement performance evaluation systems and measurement.
- Create compensation structures.
- Make highest and best use of your board of directors.
- Analyze your market and industry.
- Determine your business’s strategic potential.
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