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ResourcesRecent Published Articles written by Jim Kimberly, founder of Sapphire Consulting, have appeared in:Business NH Magazine Business NH Magazine NH Bar News 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 Family Business Succession Planning A 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 2007
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