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Showing posts with the label succession planning

Professionalizing the Family Business - The RIGHT Way

You are a startup success. Fine! But if you want to achieve your bigger ambitions and sustain the continued growth of your family business, you need to professionalize it the RIGHT way. According to Dr. Eric Flamholtz, author of the book on family businesses, Growing Pains, businesses go through stages of development: new venture, expansion and growth stage, then comes professionalization. The new venture and expansion stages constitute the entrepreneurial phase of an organizational development. It is during this phase that the need to make the transition from entrepreneurship to a professionally-managed, entrepreneurially-oriented organization begins to occur. Those family businesses who were able to transition successfully experience a more rewarding and fulfilling journey in growing their businesses. However, to most families, this becomes a challenge. To address the clamor of founders, family members of second, third, and fourth generation, business owners, entrepren...

Manager Effectiveness Program

To help first-time managers, tenured managers, supervisors, and successors of business owners hone their managerial and leadership skills, the Center for Global Best Practices will launch a special training entitled,  Manager Effectiveness Program  to be held on Wednesday and Thursday, February 13 & 14, 2019 at the Manila Marriott Hotel, Pasay City, Philippines. This two-day training program is specially crafted to provide first-time managers the right skills, mindset and attitude to be more successful and productive as they take on a bigger role in the organization. It will showcase practical examples and a compilation of best practices on what works for first-time managers in a Philippine setting and beyond. This blended type of learning tackles issues from leadership, developing one’s team, goal setting, supervision, task delegation, coaching and providing performance feedback, time management, conflict resolution and many more. Attendees will also gain valua...

Best Practices on How To Conduct Strategic Planning

Many companies go through strategic planning sessions without a clue or a clear idea how this should be conducted -- resulting to wasteful time, effort, resources and poor planning output. Strategic planning is the process that enables a company to define its strategy and allows it to articulate the courses of action it will take to effectively and efficiently pursue its vision. The best plans happen when you have a systematic planning process that is done the right way.  Jumpstart your planning sessions correctly with the beginning of the planning season this mid-year or third quarter in preparation for 2017.  Where we once look at 100 million Filipinos as a market, we should now do our strategic plan based on 700-plus million consumers.  The Center for Global Best Practices will hold a pioneering one-day seminar entitled, “ Best Practices on How to Conduct Strategic Planning and PrepareStrategic Action Plans ” to be held on Thursday, August 11, 2016 at the EDS...