What are the relationship issues plaguing this family business, how are they hindering progress, and what is being done about them

Kindly consider the family business as Linen / fabric / clothing company…1200 words essay The FFB must incorporate the following elements within its construction: Use either your imagination or your experience to1. Descriptively populate the three interlocking subsystems (Family, Ownership,Management); indicate which generation is presently leading 2. Business description, size, market, business strategy(what are you currently doing, what’s next 3-5 years strategic planning), recent performance history 3. Describe ownership’s highest priorities, i.e. what comes “first”. Family first?Ownership first or management/business first 4. Describe how the family business is either fostering its competitive advantage or hindering it, by its actions and decisions. Situation analysis , inward reflection ..describes either it’s leveraging or strategy itself is hindering from taking on success .competitive advantages analysis:1. supplier we use , does it offer any advantage 2. products we are doing, distributor taking too much margin? ..are we leveraging IT for internal efficiency 3. competitor/ unfair advantage —-performance related 5. What are the relationship issues plaguing this family business, how are they hindering progress, and what is being done about them 6. Describe the ownership structure and the Owner’s Plan.ownership can be around the family or based on external people .7. What is the Succession situation – describe the present ‘phase’ of the familybusiness8. What were the agenda, discussion and decisions made at the most recent Family Council meeting, Family office , family involved to avoid conflict and misunderstanding…to discuss and agree family central issue 9. What were the agenda, discussion and decisions made at the most recent board meeting.10. Describe the output of this family business’s parallel strategic planning processBonus points: describe future intrapreneurship or entrepreneurship opportunities for the newest generation of the family business3 box solutions, system dynamics. actual planning within the organization ..The Final Report should “tell the story” of the family Business / Fictional BusinessCase- Justify each of the aspects above – where the data is missing- use assumptionsthat allow you to appreciate the dynamic.Some useful readingshttps://kmu.unisg.ch/en/forschung-und-publikationenhttps://www.mckinsey.com/search?q=family+business+succession+planning&start=1&sort=default&ignoreSpellingSuggestion=false

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