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ResourcesRecent Published Articles written by Jim Kimberly, founder of Sapphire Consulting, have appeared in:Union Leader Business NH Magazine Business NH Magazine Entrepreneur.com New Hampshire Business Review New Hampshire Business Review New Hampshire Business Review New Hampshie Business Review Employment Times Business NH Magazine NH Bar News Business NH Magazine Other Articles Available > How to Fill the CEO Information Vacuum > Creating High Performance Employees: No Time to Wait! Part I > Choosing an HR Option for Your Business > How to Help Employees Buy In To Change > How to Create High Performance Employees Family Business Succession PlanningA report in the Wall Street Journal noted that about 39% of the respondents to the 2003 American Family Business Survey said their family companies will change leadership within the next few years when their chief executives retire or semi-retire - but more than half those respondents said they hadn't chosen a successor. Family business adviser Len Green told the Journal that there is a psychological barrier to succession planning - creating a plan means the CEOs must admit they will lose power and that a new leader will change the business. Many consultants recommend beginning the exit-planning process five years in advance, the article said. Calculating the leader's financial needs will help determine whether it makes more sense to sell the company or transfer ownership to a family member, the report noted. (Source: Wall Street Journal, August 25, 2004.) The Return on Investment in Coaching is 600%!A survey of 300 companies found the top reasons to offer coaching is to:
And they found that the return on investment for coaching was $6.00 for every $1.00 invested. (Manchester, Inc.) Among the benefits to companies, executives reported improvements of 53% in productivity, 48% in quality, 48% in organizational strength, 39% in customer service. (Business Wire Magazine January 4, 2001) Sapphire Consulting, LLC. © Sapphire Consulting, LLC 2009
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