Building Collaboration and Competencies in the Rising Generation
In Best Practices for Families in Business: Part 3, we discuss catastrophe planning, succession planning and ownership planning.
In Best Practices for Families in Business: Part 2, we discuss job descriptions, performance management, strategic planning and advisors.
In this column we focus on five of the Best Practices: having a shared vision, embracing shared values, engaging in productive dialogue, understanding the roles and responsibilities of owners, and building trust.
We can withstand and overcome obstacles and challenges better when we provide ourselves with a strong foundation in various aspects of our lives.
Looking for the positive for your family business in the midst of a pandemic is important. Across the country non-essential businesses, or non-lifesaving businesses, have been told to close their physical operations. While you are undoubtedly focused on the current and future economic implications for your business, and concerned for your team members…
In this column we share some of our findings about the three key areas of need for mentoring in family business: legacy, operations, and human systems.