Family Business Scale-ups: Breaking Barriers to Growth
The challenges to growing and scaling family businesses
Do you have a Board of Directors or some other governance structure (e.g. advisory / scientific group)?
Board/Senior Management Skills Desired by Scaleups Figure 30: Skills desired at the senior level
BOARD / SENIOR MANAGEMENT SKILLS DESIRED BY SCALEUPS
58%
50%
Yes
41%
40%
35%
34%
31%
No, but we plan to
30%
29%
30%
28%
22%
20%
10%
No, and we do not plan to
13%
0%
Sales/business development
Strategy development
HR/talent/culture management
Innovation/product development
Brand building/ marketing
Finance/ fundraising
Compliance/risk management
TO FILL THESE SKILLS GAPS, FAMILY BUSINESS SCALEUPS ARE SEEKING TO DEVELOP THEIR LEADERSHIP TEAMS
Bringing in a fractional executive Access to non- executive directors
Developing the skills of current members of the senior team
Recruiting leaders with experience of growing a business
8 in 10
7 in 10
6 in 10
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