PART 1: UNDERSTANDING FAMILY BUSINESS PLANNING The Importance of Planning for Business Families The Parallel Planning Process PART 2: PLANNING FOR THE FAMILY Securing Family Commitment Encouraging Family Participation Preparing the Next Generation of Family Managers and Leaders Developing Effective Ownership PART 3: PLANNING FOR THE BUSINESS Assessing the Firm's Strategic Potential Exploring Possible Business Strategies Finalizing Strategy and Investment Decisions PART 4: INTEGRATING THE FAMILY AND BUSINESS PLANS The role of the board in family business planning
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