Frankie Knowledge

FRANKIEKNOWLEDGE FAMILY BUSINESS and SUCCESSION PLANNING FRAMEWORK

The FrankieKnowledge Family Business and Succession Planning Framework provides a structured and modular approach to progressively transform the Business into a highly Reputable, Profitable and Sustainable Family Business Legacy that will last for many generations to come.

In addition, the Framework also prepares the Business Successor [for example, the children of the Business Founder] to step-by-step take over and operate the Family Business effectively and efficiently. As a Family Business and Succession Planning Consultant and Coach, one of my key priorities is to progressively nurture the Business Successor to be a visionary and competent Business Leader with the strategic and operational capabilities to innovate and sustain the Family Business.

To be very specific, the FrankieKnowledge Family Business and Succession Planning Framework consists of 15 integrated modules. It offers a clear focus and pathway for the Business Founder and Business Successor on one hand and the FrankieKnowledge Business Consulting Team on the other hand to work together effectively to systematically guide the Family Business to achieve the desired outcome. Yes. To be A Solid and Proud Family Business that is built to last.

In other words, upon the completion and implementation of the 15 modules as highlighted in the Framework, the Family Business will build a very Strong Foundation together with the required Focused Capabilities to progressively transform itself into a Reputable, Profitable and Sustainable Family Business. The Family Business transformation process is an extremely meaningful and rewarding journey

Depending on the Entry Level of the Family Business, the 15 Modules can generally be completed within 3 months to 3 years. This Framework can be effectively customized to meet the specific needs of all Family Businesses, irrespective of their size, including – 1| Micro Enterprise, 2| Small-Medium Enterprise, 3| Mid to Large Organization, 4| A Diversified Business Group or Conglomerate and 5|Public Listed Company

15 KEY FAMILY BUSINESS AND SUCCESSION PLANNING MODULES – 3 SAMPLE COPIES



Conduct the Family Business Needs Analysis Exercise to identify specific areas of intended improvement or transformation and establish the consulting direction

Clearly define the Consulting Terms of Reference or Scope of Work and establish measurable outcomes

Review existing Family Business and Management Practices by adopting multiple consulting techniques and identify critical issues that need to be addressed

Audit existing Organization Business/Management Structures, Policies and Systems and determine key areas of concern

Offer professional advice, customized recommendations, specific solutions and proposed actions to progressively transform the Family Business and Management Practices supported by a Plan of Action

Design, develop and facilitate the implementation of improved Organization Business/Management Structures, Policies and Systems, including forms, formats, checklists, questionnaires, action plans and related initiatives to address the key areas of concern. [Customized coaching sessions are carried out to further enhance the effectiveness of step 5 and step 6 of the consulting process]

Evaluate the Impact of the Family Business and Succession Planning consulting process

Establish the structured knowledge and critical skills that need to be acquired and developed by the Business Founder, Business Successor and selected individual

Confirm the coaching objective and coaching duration, design the coaching agenda or outline and select the appropriate coaching techniques

Develop the required customized coaching materials, including – 1| specific guidelines or operating rules, 2| standard operating steps or procedures, 3| practical tools like forms and formats etc and 4| related implementation materials. These customized coaching materials are employed to effectively support the facilitation of the coaching sessions

Conduct the modular one-to-one or one-to-small group coaching session as planned. The key focus of the coaching session is to systematically transfer the structured knowledge and critical skills to the Business Founder, Business Successor and selected individual so that they can sustain the desired “Practices and Systems” [refer to step 5 and step 6 of the Family Business Consulting Process above] for generations to come. The fundamental Coaching Philosophy of FrankieKnowledge is – to coach the individual on how to “Fish” and not to “Fish” for the individual. In other words, to coach the Business Founder and Business Successor to build a Sustainable Family Business Legacy

To assess the Effectiveness of the Customized Family Business and Succession Planning coaching sessions, a highly structured Coaching Evaluation System is used

TERMS OF REFERENCE

Review and determine Group Business Structure and Business Portfolios

Establish Group Vision, Mission and Philosophy

Establish Group Specific Objectives, Goals and Strategies

Establish Group Distinctive Competency – Strengths and Weaknesses

Establish Group Competitive Advantage – Opportunities and Threats

Review and determine the 5 Critical Corporate Assets of the Group

Develop an effective Organizational Operating Structure with Key Roles

Formulate a systematic approach to build Strong Positive Corporate Culture

Prepare Well-defined Job Descriptions for all Key Staff

Prepare Specific Key Result Areas and Measurable Key Performance Indicators

Develop an Effective Performance Management System

Develop Learning/Development and Staff Upgrading System

Design programme to upskill Capabilities of Talents

Develop a Market-driven and Competitive Compensation/Benefits System

Develop a Structured Human Capital Department

Design and facilitate a Family Business Succession Planning Process

INTERESTED TO ENGAGE US ?

To move forward,

contact FrankieKnowledge

Thanks for taking time off to visit our website. We certainly look forward to be of service to you. Hear from you soon and most important, Stay Safe
Scroll to Top
Open chat