This is a column written by our representative, Kazuaki Sawada, detailing the insights he has accumulated in the fields of business revitalization, management improvement, and bank relations.
The related link this time is "What you want to organize early to avoid a sudden business succession." This article explains the importance of organizing management philosophy, decision-making criteria, business strengths, and management plans to create a situation where successors can make their own judgments.
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Please use this as hints for management decisions, such as building a management foundation, improving management qualities, cash flow management, bank relations, business succession, and restructuring after the appointment of the second or third generation. Also, feel free to contact us with any questions or inquiries when putting this into practice.
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What should be inherited in business succession is not just shares and management rights. The most important thing is to convey the thoughts and value judgment criteria of the management to the next generation. To achieve this, it is necessary to organize and visualize the following items: 1. Management philosophy and behavioral standards 2. Management strategy and criteria for business execution decisions 3. Strengths of the company and growth factors 4. Unique technologies and future growth markets 5. Future indicators (sociality, development capability, innovation, stability of foundation, crisis avoidance ability) 6. Crisis management and management principles to be upheld 7. Vision and medium-term management plan 8. Thoughts towards employees and human resources policy What is important is to transform the experiences and intuition of the previous generation into words and systems, enabling successors and executives to act with the same judgment criteria. "Passing down management" means turning the thoughts of the management into organizational assets. This will lead to successful business succession and serve as the foundation for building a strong management culture. Next time, I will discuss "Re-recognizing the importance of basic actions."
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Our company is a group of professional consultants who value practical insights born from responding to corporate needs. With practical management know-how and a strong belief, we solve management challenges and achieve everything from startup support, reconstruction and revitalization support, growth expansion support, and business continuity support to building a solid management foundation.
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