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Management and Institutionalization in Family Companies

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Management and Institutionalization in Family Companies

Management and Institutionalization in Family Companies

"... In one side my children, in the other side the profession and incompetence. It is like a bureaucratic state institution. We made the boy and the daughter married. What will happen to the new bride and the groom? What, how and how much we transfer to children?’’

The main topic of counseling regarding family companies is; ensuring the unity of the family, clarifying the boundaries of the family and the business, and  providing mutual benefits between family and company. On the other hand, institutionalization, identification and systematic acquisition, which are among the indispensable primary problems of family companies, constitute the basis of project and counseling on this subject. The family constitution, which includes issues such as the clarification of duties and powers, the preparation of the second generation, the communication between the professionals and the family, the roles of spouses, brides and grooms in the work, property ownership, family membership, preparation and formation of a family council are among the ultimate goals of this counseling. Thus, the family business will have a dynamic structure and habit that can live up to many generations.

Like the confusion of logic and emotion in a human being causes deterioration of internal peace, the contradiction of family and business values ​​and priorities causes deterioration peace in the company. Desired is to be institutionalized in the frame of modern business rules by protecting family values ​​and tradition away from all kinds of extremism. Thus, at the end of the counseling process, family values ​​ and family principles will be supported.

The family is growing, what will happen? This is one of the questions most family business leaders are concerned about. Because, the habits such as excitement, motivation, desire to work hard, comfort and determination are weak in time. habits of family business owners, such as clothes, cars, streets, homes, and most importantly, the look of their lives can change. More importantly, often confidential competition among shareholders' wives may begin.

Unfortunately, new generations, in general, do not have sense of responsibility. Because of the today's world, generation has changed and children do not aware of the reality of world. They want to be a leader easily without any skills, and hardworking. Even, they do not know their skills. Family business counseling provides new generations to pursue careers that suit their potential and grow up, especially outside the organization or in the workplace.

It is the leader type that the family companies look for; redressing balance between  the family and business , having a model individual life, the composer, the researcher, the humble and giving special attention to the new generation.. The trouble with most family business managers is that when they grow up and come to a certain point, the leader almost literally loses himself and gets sick of "I know everything". The main point that should not be forgotten is that the leader must know very well the work he gets from his core, but over time this is not enough. It is very important to take the lead in management, organization, human relations and most important leadership issues. One of the main objectives of the consulting of family companies is the program for the leader's personal development.