#AGLEGACY #FarmSuccession #EstatePlanning
#AGLEGACY #FarmSuccession #EstatePlanning
STRATEGIC MANAGEMENT should answer three questions:
Where are we?
Where do we want to go?
How do we get there?
FORMALIZED management incorporates planning with the use of goals, financial analysis, and other strategic management tools. A formalized management approach allows a family to understand the existing operations, evaluate alternative enterprises, measure past performance, and determine when milestones are reached on the way to fulfilling business goals.