Excluding public institutions, approximately 99% of companies in Türkiye are family-owned businesses. However, only 4 out of every 100 companies established in Türkiye are successfully transferred to the third generation, and nearly 80% have a lifecycle limited to the founder’s lifetime. The primary challenge faced by family businesses is the lack of institutionalization. Companies that fail to institutionalize gradually disappear.

Institutionalization refers to establishing a management and organizational structure that enables a business to sustain and develop its operations independently of specific managers or employees.; bir işletmenin, faaliyetlerini yönetici ve çalışanların  varlığına bağlı olmadan sürdürebilmesini ve geliştirebilmesini sağlayan bir yönetim ve organizasyon yapısının oluşturulmasıdır.

Management Consultingestablishing an intra-family governance system that balances company and family interests is crucial to ensuring continuity and long-term, high-performance sustainability across generations. For family businesses, establishing an intra-family governance system that balances company and family interests is crucial to ensuring continuity and long-term, high-performance sustainability across generations.

Benefits of Institutionalization: 

1-The organization operates in a more orderly and systematic manner.

2-Competitive strength increases.

3-Control mechanisms become easier to implement.

4--The rate of errors decreases.

5-Achieving organizational goals becomes easier.

6-Authority and responsibilities are clearly defined.

7-Decision-making processes become more efficient.

8-Diverse perspectives emerge.

9--Budgets and business plans become clearer.

10--Employers and managers gain time for strategic matters, leading to increased corporate efficiency.

The institutionalization process of family businesses should be addressed in two dimensions: the institutionalization of the company itself and the institutionalization of family relationships. Mali Yöntem Audit and Consulting, with its expert team, supports companies throughout this institutionalization process.

Management Consulting Within the scope of Management Consulting, the following issues will be evaluated according to the characteristics of the business:

1) Establishing the organizational structure of the Board of Directors
2) Conducting regular evaluations on the structure and efficiency of the Board of Directors and submitting recommendations to the Board regarding possible changes
3) Establishing the Board of Directors reporting system
4) Determining and supervising the approach, principles, and practices regarding performance evaluation and career planning of Board members and senior executives
5) Determining recommendations regarding the remuneration principles of Board members and senior executives, taking into account the company’s long-term goals
6) Submitting recommendations to the Board of Directors on the implementation of performance-enhancing management practices and reviewing the systems and processes established or to be established by the company
7) Ensuring the determination of five-year corporate strategic goals
7) Kurumsal beş yıllık stratejik hedeflerin belirlenmesi sağlamak
8) Establishing the Executive Board and creating a goal-oriented structure; defining duties and responsibilities accordingly
9) Determining the distribution of duties and authorities of all personnel
10) Establishing an internal audit unit, conducting audits at regular intervals, and reporting to the Board of Directors
11) Creating, managing, and monitoring the corporate meeting format

According to the needs of the business, the necessary institutional analyses are conducted and discussed with the management units. A work plan is prepared based on the order of importance, such as urgency and priority, and action is taken.