The Family Business Continuum
The Family Business Continuum is extremely fluid and can be defined by three distinct axes – Ownership, Business and Leadership.
- Business Axis is the evolution of the business as it relates to the development of goods and services that are offered to the marketplace.
- Ownership Axis identifies the key and controlling stakeholder(s).
- Leadership defines the experience and engagement of leadership in the business.
Combined, these axes can be used to identify the current stage of the family business but can also be used to set a direction or charter a course of succession for the family business entity.