PRIVATE AND FAMILY COMPANIES. Power Shift

TARKA EXECUTIVE supports you in managing the transformation of companies where it is necessary to perform the Power Shift. The idea is to build positive and long-term solutions related to transfer of control over the companies to the Successors of Founders. As well as, in some cases, to reverse negative trends in companies that were handed over to Successors who were not fully prepared for their role.

The need for Power Shift in the private enterprises is often related to:

  1. the Founder’s conscious decision to hand over the helm to one of the Children
  2. advanced age or sudden illness or departure of the Founder,
  3. the existing, long-term CEOs are tired of operational management,
  4. market and/ or social change requiring a different Management Style than the one that has brought the company success so far.

TARKA EXECUTIVE’s Experts, as a result of our Advisory and/ or Research assignments, have deeply investigated and worked with dozens of Power Shit business cases.

The challenges and jeopardy of doing this demanding process incorrectly are manifold. One of them is, for example, handing over the helm of mature companies to Children who do not have the Talent/ Repertoire of Competencies (which the Founders had). The other challenge is the employment of market-recognized managers, whose operating patterns, however, do not match the market and organizational challenges our businesses face nowadays. There are more such challenges during succession process that might be successfully faced with TARKA EXECUTIVE’s models, approaches, and tools.

Power Shift supported by TARKA EXECUTIVE allows you to face the challenges by:

  1. Empathetic mediation of multilateral disputes that always accompany this type of processes.
  2. Definition of the Unique Success Pattern on which the company was built by the Founders.
  3. Precise selection and/or transfer of Key Persons, i.e. Family Members and employed Managers within decision-making positions.
  4. A clear definition of Accountabilities and expected Outcomes for Key Managerial Positions.
  5. Long-term Motivation Packages for Key Persons in Key Positions – closely related to their Responsibility and Results.

All this allows you to create a standardized and professional Governance around Successors in your private or family company. Thanks to it, we increase the probability of success of both the Succession/ Change of Power itself as well as the long-term success of the Key Persons to whom we delegate Authority and Responsibility. This reduces the burden on you as Founders. And at the same time, it allows Successors to achieve the market results and financial returns that you, as Founders, still have a right to expect.

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