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When it comes to achieving goals and measuring progress, most people typically anchor on the desired result without consistently establishing explicit alignment on the ways and means they will adopt to reach it. Yet, deliberately defining how a vision is…
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Intergenerational transitions are significant life events that hold the key to sustained prosperity within enterprising families. These transitions not only provide the opportunity for stewardship to flourish, but also empowers successive generations to enrich and extend the legacy of their predecessors.
In our constantly evolving world, stewardship transcends caretaking.
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Engaging in difficult conversations is an inherent aspect of most family interactions. Some families may avoid difficult conversations all together. By doing so, they potentially deprive family members from accessing a variety of perspectives and ideas that can help gain a better understanding of the issue at stake.
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Using the ‘hats/rooms’ framework to enhance communication in enterprising families For enterprising families with a multi-generational mindset, communication can become complex as members handle diverse roles and situations within their own family. In such cases, the ‘hats/rooms’ concept proves to…
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The chief learning and development office is a necessary part of the family’s C-suite Mark Auger for Canadian Family Offices The expressions “people are our most important asset” and “putting people at the forefront for sustainable organizational success” are heard…
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The adage «Failing to plan is planning to fail» may be applicable to enterprising families. Transforming from a single business founder to a multigenerational enterprising family organization means shifting from an «I» to a «We» leadership mindset. To keep a system of many kin in harmony for many family generations as opposed to just worrying about self can be quite complex. This article aims to seed ideas about the building blocks enabling the pursuit of enterprising family organizational longevity with purpose and empathy.
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Governance conjures up images of government and country, or even board of directors and publicly-listed corporations. For many of us, automatically linking a governing body to family is not clear cut. However, for significant and long-lived enterprising families faced with evolving organizational complexity, family governance becomes a necessity for their longevity and prosperity. Family governance without strategic family leadership foretells eventual impairment of family wealth and relationships.
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