Family Business Configuration
According to the researches, close to 75% of the companies in the world are family companies and they create more than 75% of the gross product. When we look at our country, we see that the family business consisting of approximately 95% of Turkey’s economy.
If we mean the sustainability of the company with an institutional structure, we must admit that the prevalence of institutional structures in family companies and their solid foundation are the most important factors that guarantee the sustainability of the world economy.
The most important factor of the longevity of family companies is directly related to the health of the relations in the family. Responsibility, duty, authority, etc. between family members and company professionals. The fact that institutional basic features are not clearly defined causes adversities in the family and between family and professional workers.
The most basic feature of a corporate company is that it clearly draws the boundaries between partners and family members, organizes separate meetings to discuss partnership and family issues apart from board meetings, and provides fair financial opportunities to family members who are not involved in the company. Institutionalization is the establishment of a sustainable structure that does not depend on individuals, can keep up with changes. It does not mean that there will be no people in the important points of this company, but in the absence of these people, it means that the structure necessary for everything to continue without any disruption has been created.
Institutionalization does not mean leaving the business entirely to professionals. On the contrary, it requires partners to be at work, but to create a common working culture in cooperation with professional workers.
Within the main titles mentioned above, A ve A Danışmanlık provides comprehensive consultancy in the field of family business structuring and a continuous improvement model throughout the process.