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Compass for Entrepreneurial Families

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Fair process is based on 5 principles

  1. Communication & giving a voice to all stakeholders,
  2. Clarity,
  3. Consistency,
  4. Change-ability,
  5. Culture fairness.

All these principles are articulated in the 5 stages

  1. Engaging, & Framing the questions
  2. Exploring options
  3. Deciding
  4. Implementing
  5. Evaluating

Based on the principle of communication and giving a voice you involve as many family members as possible.

With clarity you thrive to search for options and thinking outside the box.

With consistency you make decisions that are true to your beliefs and values.

By implementing you are instituting change.

By the end of the process you should evaluate the fairness and celebrate the outcome.

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