• Succession Planning: Resource Guide

    March 1, 2008
    Editor's Note: With the theme of succession firmly in mind, we wanted to provide our readers with additional resources beyond what one special issue could

    Editor's Note: With the theme of succession firmly in mind, we wanted to provide our readers with additional resources beyond what one special issue could provide. We also wanted to save you the hours we spent searching for more information.

    We've provided a variety of sources that you can examine at your leisure to see whether their services and products are worth a further look. This list runs the gamut from educational institutions and consultants to small-business organizations. As always, a patient, thorough examination of how they might help will be a useful first step in your succession planning approach. Before making any commitment, it would be wise to check with your personal accountant and attorney.

    The Association to Advance Collegiate Schools of Business (AACSB)

    777 South Harbour Island Blvd., Ste. 750
    Tampa, FL 33602-5730
    Phone: 813/769-6500
    www.aacsb.edu/members/communities/interestgrps/familybusn.asp

    Batrus Hollweg International

    Lewis Hollweg, Ph.D., Chairman & CEO
    1820 Preston Park Blvd., Ste. 2900
    Plano, TX 75093
    Phone: 469/241-9701
    www.batrushollweg.com

    Batrus Hollweg International (BHI) is a human capital consulting firm specializing in Talent Gauging — assessing and developing people to drive organizational results. BHI Talent Gauging provides companies with objective and quantifiable solutions that includes succession planning.

    Center for Family Business — Eberly College of Business Information & Technology — Indiana University of Pennsylvania

    Cathy Smith, Center for Family Development
    664 Pratt Dr.Indiana, PA 15705
    Phone: 724/357-7889 724/357-2179
    www.eberly.iup.edu/msg/sbi.htm

    The Center for Family Business was designed to serve the unique needs of family-owned businesses. Issues such as succession, estate planning, conflict resolution, performance compensation, establishment of an effective corporate board management and of sibling and cousin teams are critically important issues which are generally ignored by other educational forums. The center for family business addresses these and other issues.

    Entrepreneurial Management Center

    San Diego State University
    5250 Campanile Dr., Ste. 1502
    San Diego, CA 92182-1915
    Phone: 619/594-2781
    [email protected]
    www.emc.sdsu.edu

    The Entrepreneurial Management Center at San Diego State University supports the development of innovative entrepreneurial education programs and research that facilitate venture creation and growth.

    Fambiz.com

    Northeastern University
    Center for Family Business
    101 Hayden Hall
    Boston, MA 02115-5000
    Phone: 617/373-5804
    [email protected]
    www.fambiz.com

    Fambiz.com is the Internet's leading website for executives and owners of family-controlled companies.

    Fambiz.com has two primary goals:

    1. Be a one-stop site for information about family business issues and challenges. Family-business owners can quickly find all the information they need on particularly important topics like estate planning, hiring issues and sibling rivalries.
    2. Link together the world of family business education. Fambiz.com seeks to connect as many of the 100 or so university-based centers for family business so executives can draw on as much relevant knowledge as possible.

    Fambiz.com is a nonprofit organization hosted by one of the world's most respected family business educational institutions, Northeastern University's Center for Family Business. Northeastern assumed control of fambiz.com from its originator, NetMarquee Inc., after the company was acquired.

    Family Business Consulting Group Inc.®

    Family Enterprise Publishers®
    1220-B Kennestone Circle
    Marietta, GA 30066
    Phone: 770/425-6673 800/551-0633
    [email protected]
    www.efamilybusiness.com

    Our publications address succession planning, compensation, strategic plans, conflict resolution, estate planning, management and leadership training, ownership transfers, shareholder communication, sibling teams and any number of family business issues. We publish educational materials designed to help you achieve your short- and long-term objectives and successfully build and grow your family business. Our family business succession book is a best seller on succession issues.

    The Family Business Institute

    Wayne Rivers, President & Co-founder
    4700 Homewood Court, Ste. 340
    Raleigh NC 27609
    Phone: 877/326-2493
    [email protected]
    www.familybusinessinstitute.com
    www.familybusinessinstitute.com/succession-planning/ownership-succession-planning-for-family-busin.html

    The Family Business Institute was incorporated in 1995 by father and son-in-law team Tom Campbell and Wayne Rivers. Tom worked in his own family radio business for 24 years with his father, mother and two brothers before co-founding the Family Business Institute while Wayne had done consulting work with family business ventures for almost a decade.

    Family Consulting Group Inc.®

    Mark T. Green, Ph.D.
    Family Business Consulting Group
    1888 Olympia Ave., NW
    Salem, OR 97304
    Phone: 503/510-0591
    [email protected]
    www.efamilybusiness.com

    The associates of The Family Business Consulting Group Inc.® understand the unique challenges that family businesses face. We help both the family and the business. From Fortune 500 operations to smaller, closely held companies, we consult with family businesses around the world. We explore solutions for all business and family issues, decide on the best course of action and implement plans that will help the family business succeed for generations.

    The Family Firm Institute

    Judy Green, Executive Director
    200 Lincoln St., #201
    Boston, MA 02111
    Phone: 617/482-3045
    [email protected]
    www.ffi.org

    The Family Firm Institute (FFI) is an international professional membership organization dedicated to providing interdisciplinary education and networking opportunities for family business and family wealth advisers, consultants, educators and researchers, and to increasing public awareness about trends and developments in the family business and family wealth fields.

    Farrell Center for Corporate Innovation and Entrepreneurship

    Dr. Anthony Warren, Director
    Smeal College of Business
    The Pennsylvania State University
    451 Business Building
    University Park, PA 16802
    Phone: 814/865-4593
    [email protected]
    www.smeal.psu.edu/fcfe
    www.smeal.psu.edu/fcfe/more/white/family.html

    Free Management Library

    www.managementhelp.org
    www.managementhelp.org/staffing/planning/sccs_pln/sccs_pln.htm

    The Library provides easy-to-access, clutter-free, comprehensive resources regarding the leadership and management of yourself, other individuals, groups and organizations. Content is relevant to the vast majority of people, whether they are in large or small for-profit or nonprofit organizations. Over the past 10 years, the Library has grown to be one of the world's largest well-organized collections of these types of resources.

    Goering Center for Family & Private Business

    College of Business — Carl H. Lindner Hall
    University of Cincinnati
    2925 Campus Green Dr.
    PO Box 210020
    Cincinnati, OH 45221-0020
    Phone: 513/556-7002
    [email protected]
    www.business.uc.edu/goering

    The Goering Center for Family & Private Business at the University of Cincinnati is a leading educational and informational resource center for family and closely held businesses. The Goering Center offers its members and community partners outstanding programs focusing on the unique and critical issues facing family businesses of all sizes.

    International Center for Performance Improvement Corporation

    520 North Main St., Ste. 343
    Heber City, UT 84032
    Phone: 888/654-4274
    [email protected]
    www.icpiconsulting.com

    Key Resources

    Jane Hilburt-Davis, Founding Principal
    75 Cambridge Pkwy., #E808
    Cambridge, MA 02142
    Phone: 617/577-0044
    [email protected]
    www.familybusinessconsulting.com
    www.familybusinessconsulting.com/services/succession_planning.shtml

    Founded almost a decade ago, Key Resources is an international company that provides consulting, training and educational services to closely held and family businesses and their advisors. What makes us exceptional is our concentration on the whole system, simultaneously working with the family relationships, the ownership and management systems.

    Learning Circuits

    www.learningcircuits.org
    www.learningcircuits.org/2005/mar2005/miller.htm

    American Society of Training & Development's (ASTD) source for e-learning. ASTD is the world's largest association dedicated to workplace learning and performance professionals. ASTD's members come from more than 100 countries and connect locally in almost 140 U.S. chapters and 25 global networks. Members work in thousands of organizations of all sizes, in government, as independent consultants and suppliers.

    Loeb & Associates

    Margery Engel Loeb, President
    5103 E. Airline Rd.
    Victoria, TX 77904-3776
    Phone: 361/576-0276
    [email protected]
    www.loebgroup.com

    Times in transition involving management or family relationships provide challenges to the family and the business. Managed effectively, change becomes a productive force. Loeb & Associates assists family members in clarifying goals and value, and building consensus so that sound business decisions for the future can be made.

    Loyola University Chicago Family Business Center

    Cecelia T. Weiss, Event & Office Coordinator
    1 E. Pearson St., Ste. 318
    Chicago, IL 60611
    Phone: 312/915-6490
    [email protected]/fbc

    The Loyola University Chicago Family Business Center is an internationally recognized pioneer and leader in family business program development and research, serving as a resource to family businesses in the Chicago region and throughout the nation.

    The Center's research projects have focused on issues such as family business leadership, the communication patterns of business-owning families, the role of trusts and trustees in family firms, the performance of family businesses compared with nonfamily-managed counterparts and demographic profiles of family businesses throughout the United States. The Center also has a public library containing one of the largest collections of family business materials in the country.

    Novations Group, Inc.

    Michael C. Hyter, President & CEO
    Brighton Landing West
    10 Guest St., Ste. 300
    Boston, MA 02135
    Phone: 888/652-9975 617/254-7600
    [email protected]
    www.novations.com
    www.novations.com/services/succession-planning

    Novations Group is a 200+ member multicultural team of management, consulting, training and product design experts. Each has years of hands-on experience in their core expertise and can quickly assimilate into a client's culture — and begin helping those organizations build the skill, capacity and performance of their employees.

    We provide consulting and tools to help clients assess their individual and collective leadership strengths and weaknesses — and compare that data with the specific leadership requirements within an organization.

    Oregon State University — Family Business Program

    Austin Family Business Program
    College of Business
    201C Bexell Hall
    Corvallis, OR 97331-2603
    Phone: 800/859-7609
    [email protected]
    www.familybusinessonline.org

    The Austin Family Business Program excels as a pacesetting family business resource. We prepare our clients to balance the well-being of the business, the family and individuals, as they address the challenges and opportunities which inevitably arise, day to day and during succession.

    E. J. Ourso College of Business — Louisiana State University — Stephenson Entrepreneurship Institute

    K. Mark Weaver, Director
    3307B Patrick F. Taylor Hall
    Baton Rouge, LA 70803
    Phone: 225/578-6145
    [email protected]
    www.bus.lsu.edu/centers/ei/familybusiness.asp

    The E. J. Ourso College is Louisiana's premier public business school, dually charged to lead in both business education and research. We serve students from Louisiana and throughout the world by enabling learning and promoting related activities as we guide these students toward realizing their potential for living productive lives. We promote improvement within business by conducting and publicizing research that better informs the world's academic, governmental and business forums. Through our faculty, students and alumni, we provide a direct link to the region's business community while actively participating in the global academic community.

    Pilat HR Solutions

    Pilat North America
    496 Route 22 West
    Lebanon, NJ 08833
    Phone: 800/338-9701 908/823-9417
    [email protected]
    www.pilat-nai.com
    www.pilat-nai.com/solutions/succession.asp

    Pilat HR Solutions, a wholly owned subsidiary of the Pilat Technologies International Limited, is a global Human Resources consultancy, software house and bureau services company committed to enhancing individual, team and organizational performance.

    The Rainmaker Group

    2718 Gateway Ave., Ste. 204
    Bismarck, ND 58503
    Phone: 701/223-7246 866/988-7246
    www.therainmakergroupinc.com
    www.therainmakergroupinc.com/add.asp?ID=58

    ReGeneration Partners

    James Olan Hucheson, President & Founder
    Two Turtle Creek Village
    3838 Oak Lawn, Ste. 999
    Dallas, TX 75219
    Phone: 214/559-3999 800/406-1112
    www.regeneration-partners.com

    ReGENERATION Partners is a global family business consulting firm whose mission is to increase shareholder wealth and improve communication and leadership for sustainable growth. Every business and ownership group will change. Some owners never plan, others wait until the very last moment. Those that wait may inject confusion and force poorly conceived outcomes. Avoiding difficult decisions may feel better than dealing with potentially explosive family matters — but the truth is that those that plan for ownership, leadership and management succession will establish a strong positive example for future generations.

    SuccessFactors

    SuccessFactors Global Headquarters
    1500 Fashion Island Blvd., Ste. 300
    San Mateo, CA 94404
    Phone: 650/645-2000 800/809-9920
    www.successfactors.com
    www.successfactors.com/succession-management/enterprise

    SuccessFactors provides an affordable, integrated, on-demand Performance & Talent Management suite for companies of every shape and size. It ranges from recruiting to performance, compensation and succession, and everything in between.

    Succession Planning Services

    www.cliftoncpa.com
    www.cliftoncpa.com/Services/SuccessionPlan.asp

    Clifton Gunderson — Certified Public Accountants & Consultants. Clifton Gunderson is Midwest-based and has offices in 17 states and Washington, DC. Info is on the website, and you can download a firm profile for specific people.

    Succession Planning starts with you and your plans. After information has been gathered and your goals and values examined, we review the results of our initial analysis and develop preliminary recommendations. In addition to your own goals, we address these key issues:

    • Minimize taxes
    • Company leadership
    • Equality and fairness
    • Family control

    TransitionGuides

    Tom Adams, President
    1751 Elton Rd., Ste. 204
    Silver Spring, MD 20903
    Phone: 301/439-6635
    [email protected]
    www.transitionguides.com
    www.transitionguides.com/eds/succession.htm

    TransitionGuides is a unique consulting and educational services company that enables organizations to capitalize on opportunities that come with transitions. Headquartered in suburban Washing-ton, DC, our team of nationally recognized consultants specializes in leadership transitions, succession planning, strategy development and managing organizational change.

    United States Association for Small Business and Entrepreneurship

    Geralyn McClure Franklin, President
    DeSantis Center, Ste. 207
    Florida Atlantic University — College of Business
    777 Glades Rd.
    Boca Raton, FL 33431-0992
    Phone: 561/297-4060
    [email protected]
    www.usasbe.org

    The mission of the United States Association for Small Business and Entrepreneurship is to advance knowledge and foster business development through entrepreneurship education and research.

    USASBE is interdisciplinary, cross-functional and globally connected (as an affiliate of the International Council for Small Business).

    USASBE offers cutting-edge programs for entrepreneurship education and encourages research that has practical application.

    University of Connecticut — School of Business — Family Business Program

    Priscilla M. Cale, Director
    2100 Hillside Rd.
    Storrs, CT 06269-1041
    Phone: 860/486-5628
    [email protected]
    [email protected]
    www.business.uconn.edu/cms
    www.business.uconn.edu/FamilyBusiness

    The UConn Family Business Program, an initiative of the Connecticut Center for Entrepreneurship & Innovation, is a member-driven initiative founded in 1995 to provide professional advice, education and peer networks designed to add value to family-owned and entrepreneurial organizations.