Welcome to Family Business Strategy GroupThe Family Business Strategy Group works with families to develop a specialized family strategy, aligned with their business or enterprise strategy. We help families articulate their shared values, and create a vision for a successful, collaborative future. We assess clients’ existing strategy and governance documents, and identify areas that need to be more clearly defined. Our clients walk away with three powerful tools —a dynamic family strategy, a family constitution, and a family governance structure.
Clearly defined shared family values, a vision and a mission statement form the foundation of the family strategy. From this foundation, the family develops their objectives, strategies and implementation plans to realize their goals.
A family constitution provides the backbone and structure of the strategy and defines how decisions are made and implemented. The constitution also expresses what the family agrees on, and helps them work together smoothly. The constitution documents all of the elements of a family strategy and the family’s baseline agreements. Many families already have elements of a constitution in place, and FBSG can help to refine an existing constitution or create a new one.Learn More
Family governance is how the family strategy is implemented. It is the way that the family works to achieve their vision and live by their family values. Governance must be structured so that the family can make decisions, take action and implement new programs.