Stranberg

Thank you David Y Choi , John Benun , and Kyler Gilbert for inviting me to speak at Loyola Marymount University! Attracting, Enabling, and Succeeding with Non-Family Executives is more complicated than simply running a strong recruitment process. It requires that families put meaningful processes and planning in place to ensure NFEs have a platform to thrive!

Integrating Non-Family Executives into a family-owned business requires a delicate balance between maintaining legacy and embracing new leadership paradigms. Effective succession planning should focus on creating a governance framework that both respects family traditions and empowers incoming leaders with real authority to enact change. #familybusiness #executivesearch #familyowned #familyenterprise

When a long-term executive leaves a family business, the transition is complex. Their departure impacts more than just their role; it affects company culture, operational knowledge, and customer relationships. Effective succession planning must involve a deep dive into these areas, so that the new leader can drive the business forward while respecting the last leader’s impact. hashtag #familybusiness #executivesearch #familyowned #familyenterprise #talentadvisory

Executive Search Announcement:

Family businesses often struggle with succession planning because transitions happen so infrequently. This irregularity can lead to a lack of process and preparation. Working with an Advisor, creating a solid plan, and ensuring the new executive fits well with the family business culture are essential for a smooth transition. #familybusiness #executivesearch #familyowned #familyenterprise #peergroup

Family businesses need to proactively plan for executive transitions by creating a roadmap that outlines the process from the current state to the future with a new leader. This roadmap should consider the business's current status, the upcoming leadership changes, and the envisioned future under the new leadership. By addressing these questions upfront, family businesses can ensure a seamless transition to a new leadership paradigm, promoting continuity and success. #familybusiness #executivesearch #familyowned #familyenterprise

Thanks Wisconsin Family Business Center and Sherry Herwig for inviting Stranberg in for a discussion on Integrating Non-Family Executives!

As a family business expands, focusing on revenue and sales is natural, but preserving cultural values is essential. Ensuring that all new hires align with company values and make decisions accordingly is crucial. Creating a platform for values to guide this decision-making requires cultural planning and effective talent recruitment strategies. This is a process that takes time and effort, not just a quick fix. #familybusiness #executivesearch #familyowned #familyenterprise #peergroup

Thinking about joining a family-owned business? Understanding the unique culture and vision of a family-run company is crucial before making that decision. Join us in our next NFE Peer Group to explore what it means to work in a family business and important considerations before making the leap. If you or someone you know is an NFE who would benefit from peer support for issues like this one, share the link in the comments for our upcoming session on May 28th at 4pm CT. #familybusiness #executivesearch #familyowned #familyenterprise #peergroup