Family companies are the backbone of the German economy:
One thing is clear: Cross-generational thinking, high value orientation, high customer loyalty, corporate culture and employee retention are all typical family strengths that make companies successful and in many cases extremely resilient. But even family businesses are not immune to crises.
Key conflict issues may include: How are financial resources being deployed? How is the distinction being handled between company and family interests?
Who has actual decision-making power in the family and in the company respectively? Where are decisions (really) made, within the firm ... or at the kitchen table?
What is the process for selecting executive managers? Where does family politics come into play in the process? Who could or should take on what role, and why.
Is the family capable of managing its internal conflicts, some dating back to childhood, so as to keep them from spilling over into the company?
What Values (defined or undefined) characterise the family culture and the corporate culture respectively? In what manner are these values cultivated and passed on?
Family companies are the backbone of the German economy. But who is there to back up the family companies?
Struktur Management Partner have been working successfully side by side both with and for family businesses right from the beginning. Through our practical experience, we have earned a reputation for understanding the needs of families.
For us it is however important that we understand family businesses not only in human terms, but also that we can strengthen them structurally and professionally and move them forward with a focus on results.
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