• Lack of Alignment in the values and Purpose of the company
• Market Misalignment between the Product/service offered and Customer needs/wants
• Owner Centralized Decision Structures leading to a bottleneck at the top
• Lack of a clear business direction cascaded down to the team below
• Lack of efficient & seamless integration of technology in the business operation
• Inability to handle Next Generation Succession and Engagement effectively
• Lack of Non-Family professionals in key positions
• Lack of an effective board for the External View of Business Performance
• Inability to attract and retain talent due to favouritism towards family members
• External Variables like competing with big businesses, foreign companies, and a very fast-changing technology landscape

The best way to deal with stagnancy is to break the shackles and create and align management structures that enable rapid decision making, team alignment with a common vision, clarity of roles, responsibilities and accountabilities.

Businesses don’t lack ambition. They just lack guidance and handholding that is specifically structured to their unique situation.