The University of Vermont

Vermont Family Business Initiative

Leading the Transition

Succeeding at Succession

Date: April 19, 2007
Time: 8:30am – 1:30pm
Presented By: Kiki McShane
Location:

 The Stoweflake, Stowe, Vermont — website


Description:

 As a company matures and grows, complexity is inevitable. Answers have long term impact both personally and professionally. Transition decisions must be reached collaboratively and will need to consider the impact across generations. By building a climate of mutual trust and respect and creating an organic structure and supportive processes, decisions are made for the health of the business. Finding effective and efficient solutions in a growing company, especially family owned, come with both unexpected burdens and blessings. Facing the real need and beginning the plan for a transition is the sign of a committed and caring leader. Every conscientious business and leader must address this issue and build a culture of teamwork in order to survive and succeed.

This forum session will cover the following ingredients for a succession.

  1. Identify what is currently working and what is not working. By learning a proven process for problem solving and solution implementation, the business will prepare for the future with a clear sense of its current reality and what is needed for sustainability and profitability.
  2. Diagnose where the organization is on its life cycle. Identify what is needed for your company to maintain its organizational health, who will satisfy the current and future needs and how and when to begin a clear transition.
  3. Assure that the next generation can take calculated risks to keep pace with a changing market. Loss of the entrepreneur is often the downfall of a family owned/closely held company. By creating and implementing an "entrepreneurial" function, this ingredient becomes part of how the company is run, and not up to an individual.

Presenter Bio:

 As a founding partner of the international management consulting firm of Corporate Transitions International, Inc., she works with companies in the United States, Latin America and the Caribbean. Projects include improving the management of a paper recycling company to the complete organizational redesign and implementation of new leadership for an oil refinery. Ms. McShane specializes in family owned businesses experiencing growth and change, facilitating strategic planning retreats and partner coaching. Partial client list includes, several chapters of the Young Presidents Organization, the Paramount Theater Board of Directors, Rutland, VT; NOW, Miami FL chapter; Precision Response Corporation, Miami FL, the YMCA of Greater Miami, Isla Oil Refinery, Curacao, NA, Woods Corporation, Carmel IN, The Picotte Companies, Albany, NY, Sleepy Hollow Realty, Athens, NY, First Tracks Realty, Ludlow VT and the Saralta Foundation, Rutland, VT.

As a former graduate school adjunct professor, high school administrator and director of guidance she has knowledge of the public school system, post graduate teaching and rural community needs.

Her personal commitment to her communities is demonstrated in a proven track record of volunteerism with organizations such as , the Women's Fund, the National Association of Women Businesses Owners, Working Capital, the Paramount Theater Board of Directors, the Women's Business Development Center, the Chamber of Commerce and the American Society for Training and Development. She was a past candidate for the VT State House of Representatives.

She graduated from Boston College with a BA,cum laude in Spanish and Secondary Education and received an MA in Counseling and Guidance from Texas A&M University. She completed 2 summer workshops in leadership development from Harvard College.

She is also an avid equestrian. Kiki and her husband happily care for 5 horses. She believes her positive view of life began when she was 4 years old and her father took her on her first trail ride.

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    Vermont Training Program Grants

    Program Grants Available

    Non-credit workshops and courses only

    Employees working in the industries of: manufacturing, healthcare, informational technology, telecommunications, and environmental engineering may be eligible for up to a 50% discount on courses. This grant is offered through a partnership with the Vermont Training Program and the Department of Economic Development. For more details call 888-222-3413 or 802-656-4033.

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