Abstract
A study in 1996 of more than 100 companies in 160 industries revealed that almost half of the results of their business decisions could be attributable to external events over which they had no control. In today's increasingly volatile times, political, social, economic, geological, and technological trends and their uncertain and interconnected outcomes can now derail the long-term effectiveness of decisions made by countries, industries, businesses, and indeed, families and their offices. This article describes a process by which a family office can identify and prepare for alternative future worlds in which it might be operating, and reduce the number of surprises that could make current plans for sustaining the family over generations ineffective.
TOPICS: Wealth management, in wealth management, risk management
- © 2008 Pageant Media Ltd
Don’t have access? Click here to request a demo
Alternatively, Call a member of the team to discuss membership options
US and Overseas: +1 646-931-9045
UK: 0207 139 1600
Log in using your username and password
In this issue
