Category: SMEs & Family Businesses

Business is a Journey Not a Destination

When we discuss business we find ourselves speaking about plans, objectives, goals, mission, vision and many other attributes that tend to define an end point. Lots of time and energy is spent on defining these, fine tuning them, disseminating them to members of our business and even painting pictures with them on the wall in […]
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The Risk and Reality of Indispensable Staff. A Win-Win Option?

Knowledge employees are hired for some knowledge or skill that they have. Throughout their employment this skill grows through training and experience. In parallel with this growth there is a progression within the company where the employee gains status and respect among peers for this knowledge and skill. This respect sometimes leads to promotion and […]
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Two Aspects of Succession Planning

Succession planning is simply put the planning of who is to replace a leader or key person once that person is gone. In many public and official roles, succession planning is written into the ‘law’ or into core procedure. Royalty have a defined process to appoint a replacement, politics has its own process … In […]
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3 Pitfalls if You Don’t do Succession Planning

Succession Planning is critical for an organisation’s longevity and survival. Having said this there are still many organisations who don’t formally plan for succession. The reasons for this lack of planning could be various yet most involve not appreciating the pitfalls of just not doing it. Three main pitfalls are:   1. Profitability hits When […]
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