How Family Businesses Can Use Strategic Planning to Promote Positive Change


How Family Businesses Can UseNortheastern University
Strategic Planning to Promote Positive Change

Family Business Quarterly

  • How should strategic planning be carried out by family businesses?
  • Is strategic planning different for family businesses than for companies that are not family owned?
  • What can family-business leaders do to ensure that they are planning effectively?

Dr. John Ward–the Ralph Marotta Professor of Private Enterprise at Loyola University, Chicago–addressed these and other essential questions during a recent Full-Day members’ Forum on “Perpetuating the Family Business: The Ultimate Management Challenge.” He presented five key steps for stimulating innovation in well-established family companies that may have grown resistant to change. More…