{"id":1137,"date":"2022-12-22T15:37:13","date_gmt":"2022-12-22T14:37:13","guid":{"rendered":"https:\/\/www.essence-relations.ch\/2022\/12\/22\/successful-communication-when-changing-ownership\/"},"modified":"2024-07-18T00:26:33","modified_gmt":"2024-07-17T22:26:33","slug":"successful-communication-when-changing-ownership","status":"publish","type":"post","link":"https:\/\/www.essence-relations.ch\/en\/2022\/12\/22\/successful-communication-when-changing-ownership\/","title":{"rendered":"Successful communication when changing ownership"},"content":{"rendered":"\n<p class=\"wp-block-paragraph\">88% of all companies in Switzerland are family-run businesses and employ around 65% of the labor force in our country. They are one of the most important pillars of our economy. One of the biggest challenges for family businesses is succession planning. Regardless of whether the company remains in the family or is taken over by a person from outside the company: A change in leadership is always associated with uncertainty \u2013 for employees and external stakeholders. This makes planning of forward-looking communication all the more important.<\/p>\n\n\n\n<p class=\"has-orange-color has-text-color has-link-color has-medium-font-size wp-elements-83eae02adcedf0f2502d21528deba9b8 wp-block-paragraph\"><strong>Communication as an important success factor <\/strong><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">In addition to clarifying the financial, tax and legal issues that are paramount in an ownership change, communication support for the succession process takes on a central role. It is important to provide reassurance to all stakeholders, both internal and external, through good and clear communication. In our fast-paced world in which everyone has the opportunity to communicate, it is important to take the reins quickly and carefully steer the flow of information. At the same time, the social need for inclusion and the desire for a meaningful task must not be neglected. Employees want to be involved and enjoy taking on responsibility. Leadership is required.<\/p>\n\n\n\n<p class=\"has-orange-color has-text-color has-link-color has-medium-font-size wp-elements-41fc2aa752fa020fba47b8b7edb78f18 wp-block-paragraph\"><strong>Leadership communication<\/strong><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The challenges of an ownership change are also opportunities. Leaders who actively listen, create trust, and communicate openly and clearly can capitalize on this momentum for themselves and their company. The most important elements are:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Create identity<br><\/strong>A leader must justify his decisions. He must clearly communicate the \u201cwhy\u201d to employees. A boss\u2019 presence should be felt. Employees want to experience the sincerity of the owner. They want to experience that the new person loves what he does. This inspires employees to do their best.<\/li>\n\n\n\n<li><strong>Demonstrate trust<br><\/strong>Open communication is essential to building trust. Employees need to feel that management stands behind decisions and follows through on them \u2013 and is also willing to make bold decisions. This requires an environment in which everyone can express their opinion and employees feel comfortable.<\/li>\n\n\n\n<li><strong>Taking a stance<br><\/strong>All eyes are on the new boss. He represents the company internally and externally. He is a role model and through his actions makes the values evident. His behavior has a direct impact on the company&#8217;s reputation.<\/li>\n<\/ul>\n\n\n\n<p class=\"wp-block-paragraph\">Learn more in our white paper \u00abWhy good leadership is communication\u00bb. <a href=\"https:\/\/www.essence-relations.ch\/insights\/leadership-kommunikation\/\" target=\"_blank\" rel=\"noreferrer noopener\">Order here<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Around 15% of family-owned businesses are currently facing a change of generation or ownership. Finding a successor is one challenge. Communicating this successfully is another.<\/p>\n","protected":false},"author":1,"featured_media":395,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[42,48],"tags":[43,16,24,12,49,60],"class_list":["post-1137","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-entrepreneurship","category-strategy","tag-authenticity","tag-change","tag-entrepreneurship","tag-leadership","tag-positioning","tag-sme"],"acf":false,"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.9 (Yoast SEO v27.4) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Successful communication when changing ownership - ESSENCE RELATIONS<\/title>\n<meta name=\"description\" content=\"Finding a successor in family-owned businesses is one challenge. Communicating this successfully is another.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.essence-relations.ch\/en\/2022\/12\/22\/successful-communication-when-changing-ownership\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Successful communication when changing ownership\" \/>\n<meta property=\"og:description\" content=\"Finding a successor in family-owned businesses is one challenge. 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