Real Estate Company
The problem
A family-owned company with a significant presence in several states and countries was concerned about management’s ability to lead them forward as the primary owner approached retirement.
The Grenell solution
We began by interviewing key family members to develop a clear understanding of their concerns about the future of the business. We then conducted in-depth interviews with all major stakeholders, followed by leadership and functionality assessments of all key staff.
From the data collected, we helped the company develop an Action Plan to build a stronger management base, and identify and develop new leaders. These changes necessitated some realignment of responsibilities within the organization. Grenell facilitated the process by helping employees to transition into new roles or, when necessary, to leave the company.
The results
- A second-generation family member is developing the leadership ability and skills to take over the firm
- The company is confident in its new leadership and its ability to grow into the future
