Business

Transferring Management Decision Authority: Identifying What’s Important

Goal setting is essential to effective management for both business viability and family functioning.  Thinking about what is important is essential to transferring management decision authority within the family business. This worksheet will help you identify the importance of a series of family business transfer issues under these five categories:

  • Continuation of the family business
  • Management decision authority transfer expections
  • Maintaining involvement in business management decisions
  • Security for both generations
  • Concerns about children
Organization:
University of Minnesota Extension
Source: