Among the main challenges entrepreneurial families need to face today, are:

– Succession: in Italy, 2 out of 3 companies are family-owned. 25% of them are led by someone over 70 and 18% will need to address succession planning within 5 years (source: KPMG, 2019).

– Innovation to ensure long-term business success: fostering growth and strengthening a firm’s competitiveness in the market can be primarily done through process and product innovation.

– Coexistence of different generations in the company’s governance: it is important to establish a sustainable business model that not only improves and enhances performance but also aligns with the expectations of family members, ensuring long-term success.

Our experience has taught us that, while it is true that each reality is a case in point, there are key common elements on which it is strategic to work to ensure a proper sustainable development. These aspects include an effective organisational approach and a circular communication system, allowing people to orient their actions in a functional way aimed at achieving results.

We can provide entrepreneurial family businesses with:

• Interventions to support change and re-engineering processes.
• Coaching activities aimed at supporting family members and managing the generational transition and succession.
• Workgroups aimed at developing innovation in processes and products.
• Specific programmes that can support the coexistence between different generations through the development of family business strategy.