Your next generation is your sustainability in the future. We assist you in developing your next generation as future stewards of your family enterprise
NextGen Development
Most business families have the intention and objective to sustain the family enterprise for many generations to come. However, global studies show that the interest of the NextGen to join their family enterprises is decreasing. The need to keep the NextGen interested and to prepare them for their future roles as responsible owners, stewards, and potentially leaders of the family enterprise is crucial to achieve smooth transition from one generation to the next.
Common questions that business families face
- Do we want our NextGen to work, govern, or lead in the family enterprise?
- Is our NextGen interested and/or prepared to take responsibilities in the family enterprise?
- How to ensure that our NextGen become responsible owners of the family enterprise and protect it from potential risks and conflicts?
Our Next Generation Development service helps families define the role they wish for their next generation to play in the family enterprise, assess their interest and ability, and create a development plan to enable them to reach their full potential as responsible owners, governors, leaders, or contributing citizens.
Potential outcomes of our Next Generation Development for your family enterprise
- Build clarity about the future roles the family wishes the NextGen to play in the family enterprise.
- Gain better understanding of the family's talent pool.
- Help individual NextGen members build clarity about their professional paths.
- Chart a plan for the development of the NextGen.
- Empower NextGen with the skills, knowledge, and competencies they need.
- Develop an appreciation and connection to the family enterprise.
