Family Business Assessment Questionnaire
The Family Business Assessment gives all key members of the family and the business a chance to express their views as to the importance of questions relating to the Six Transitions that face the family; Founder, Family, Business, Management, Ownership and Estate.
Quite often, what was thought to be obvious to the senior generation as to the priority of issues comes out differently. Most importantly, there is buy-in to the process by the family members because they have an opportunity to have input as to what is important to them.
The Six Transitions
- Founder
- Family
- Business
- Management
- Ownership
- Estate
USE THESE DEFINITIONS:
A: Our status in this area is fully acceptable. There is little or no need for improvement at this time.
B: There is room for improvement in this area. It is a high priority item. Our improvement efforts should begin within the next 12 months.
C: There is room for improvement in this area. However, in view of other priorities, improvement efforts should begin 13 or more months from now.
D: I do not have sufficient information/knowledge about this statement to express an opinion or it is not applicable.