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Feature:

When Business Is All in the Family, Grooming a Successor, Training and Outside Experience Matter

  

Feature Contents
Top of Feature

1. Reaching Beyond the Family Sometimes a Wise Move


2. Of 12 Siblings, Who Should Lead the Family Business?
Succession planning for a family business, never a simple task, can assume epic proportions when the second generation is 12 people-strong.

3. Best Practices for Preparing the Next Generation
Succession planning can be difficult when a family business is involved. Here are some best practices that can help.

4. TOOL: 10 Ways to Take the "Success" out of Succession Planning


5. TOOL: Example of Basic Succession Planning Chart


6. TOOL: Five Keys to Successful Succession Planning


7. TOOL: Replacement Planning Versus Succession Planning


8. Dear Workforce: How, And Why, Should We Consider Career/Succession Planning?



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Reaching Beyond the Family Sometimes a Wise Move


For Joanne and Scott Ulnick, the wife-and-husband team at the top of Troy, Michigan-based Ducker Worldwide, growing the business doesn't mean staffing the shop with family members.
By Nancy Kaffer
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or Joanne and Scott Ulnick, the wife-and-husband team at the top of Troy, Michigan-based Ducker Worldwide, growing the business doesn't mean staffing the shop with family members.

     CEO Joanne Ulnick joined the market research firm founded by her father as an entry-level research analyst. Father William Ducker, she says, wouldn't have had it any other way. Expecting a slow but steady progression through the company ranks, Ulnick was promoted to project manager. Then, more than a decade ago, Ducker began preparing to retire.

     "He wanted to start transitioning the business to key employees, but that was a little bit difficult because not all the key employees turned out to be the leaders we had hoped for," she says. "We joke about that because I was quickly promoted then."

     Around that time, husband Scott Ulnick, whose expertise was in computing, joined the firm.

     "I was now in a leadership role, and we were starting a family at the same time," she says. "I said, ‘It would really be helpful if you would consider helping us out in the family business’ "; Scott Ulnick's experience at such companies as Unisys and Lexis-Nexis didn't hurt.

     Ducker passed away in 1996, and the Ulnicks were thrust into the company's top roles. Ducker Worldwide has grown, with offices in Paris, Shanghai, Berlin and Bangalore.

     But that experience of Ducker's well-laid succession plans falling apart stayed with the Ulnicks.

     "We started to hire more people, and our team grew," Joanne Ulnick says. "We built a young team of professional project managers, and started to bring on additional shareholders, or partners, which enabled our growth."

     Today she is CEO and Scott Ulnick is chairman of the board, and both are managing partners. The company reports revenue of about $17 million a year. They have three teenagers; all have worked in entry-level jobs at Ducker, though Joanne Ulnick says it's too early to know if any will enter the business.

     But, Ulnick says with pride, Ducker is capable of running sans a family connection.

     "We built a team of trusted leaders in our executive leadership team," she says. "On a global basis, we think the same but we challenge each other to grow and continue to grow the business. Without the team we have in place, we couldn't have gotten as far as we have, and it will live beyond our years."

Workforce Management Online, September 2008 -- Register Now!


Nancy Kaffer is a reporter for Crain’s Detroit Business, a sister publication of Workforce Management. E-mail editors@workforce.com to comment. Workforce Management's feature article alerts are now available via Twitter.
Next Article: 2. Of 12 Siblings, Who Should Lead the Family Business?
Succession planning for a family business, never a simple task, can assume epic proportions when the second generation is 12 people-strong.

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