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The managerial phase does introduce a new distinction between manager and owner, by dealing with multiple owners we are introducing the possibility of having owners who are not active in the business; nevertheless, they have concerns such as business performance, risk and ROI to state only a few.
External-Macro
Manager
Owner
Internal-Micro
Working
in the
business
in the
business
Working
on the
business
on the
business
Short Term
Long Term
- Innovation
- Monitoring
Breakdowns
- Trends
- Environment
- Corporate Social
Responsability (CSR) - Approve Acquisitions
& Mergers
- Risk
- Strategic
- Performance of CEO
- Return on investment
- Monitor Business
Performance - Financial Resources
- Operations
- Results
- Performance &
Efficiency - Human Resources
Multi Generational Professional
Multiple Owners Managerial
Single Owner Entrepreneurial
Source: © Business Families Foundation 2014