Developing strategies for a family business is tough work. Executing the strategies is even tougher. So how can a family business be expected to take planning to a new level? By infusing innovation into strategy! If yours is one of the few family firms that creates a strategic business plan, adding an element of innovation into the process will ultimately be more stimulating, thus increasing the probability of more meaningful plans that have true impact on the family business. Innovative strategies can also be more inspiring to execute. Infusing innovation into the strategic planning process is like the wind behind your back, lifting and supporting the strategy-development process to new heights.
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