The importance of the family statute for family businesses
Family businesses are the backbone of economies around the world. They embody not only business success, but also the transmission of values, traditions, and visions from generation to generation. But how can they ensure that this legacy is passed on to the next generations in an effective and harmonious way? The answer lies in the family statute.
What is a family statute?
A family statute is a document that defines the rules, values and goals of a family business. It acts as a guide for all family members involved in the company and provides clarity on issues such as ownership, management, succession and conflict resolution. In other words, it is the cornerstone of a successful transition of generations within a family business.
The role of the organization chart tool
But how do you map out all these complex aspects of a family business? This is where our organization chart tool comes in handy. With our tool, family businesses can visually display their organizational structure, including ownership relationships, management positions, and family member involvement. This not only provides an overview of the current situation, but also makes the evolution of the company visible over time thanks to the timeline function.
“The timeline function helps you better understand changes and developments, base decisions on historical data, and easily involve new generations in organizational structure and history.”
Why is the family statute important?
The family statute forms the basis for a healthy company culture and long-term successful business operations. It helps prevent or resolve family conflicts by clearly establishing rules and procedures for important decisions such as succession, ownership changes, and business strategies. This is especially crucial when new generations are involved in the company, as it provides them with a clear framework for their roles and responsibilities.
The road to sustainable success
By combining the family status with our organization chart tool, family businesses are not only passing on their heritage to the next generations, but also creating a solid basis for growth and success. They lay the foundations for a company that not only lasts but thrives in an ever-changing business environment.
Join the Ortes revolution
Are you ready to embrace the power of the family statute and secure the future of your family business? Join Ortes and discover how our organization chart tool and expertise can help you draw up and implement an effective family status. Together, we are building a legacy that will live on for generations.
