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This book, provides businesses with a guideline in determination their current stage in #institutionalization and will facilitate their walk on this route.
This is not only a book including recommendations like many others on the topic in question, but also having practical explanations how-to walk on this path. The most important difference is that this book includes “Psychology of Institutionalization.” On the road of global maturation, knowing the psychologies of #business, stakeholders and professional managers will ensure you to assess the stages much more easier.
“For a successful progress towards institutionalization,family-owned businesses should; firstly know in which stagethey are; and then how they will act.”
In Turkey, many entrepreneur launched very successful startups and founded businesses. Unfortunately only a part of these initiatives could be sustained toward the second generation, and very few ones toward the third generation. If family businesses don't institutionalise during the second or third generation's #management and gain a professional managing model, they will not be able to continue to forth generation. This phenomenon is proven by many examples worldwide.
There are many number of businesses tried to institutionalise an failed.
In this book, I aimed to address the real reasons of these failures in detail. I am sharing a guide book that would inspire family business founders planning to success through the stages of #institutionalization, #stakeholders, their children, grand children, high-, mid- and low level managers, consultants, strategists, leaders, engineers, operators, #professional employees and undergraduates preparing for business life today.
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