Building Collaboration and Competencies in the Rising Generation
This article is being written collaboratively by two people. That fact of two people working together on something is by itself the single most important element of this article.
The Aspen Family Business Group often talks about the crucial role of values and vision in building and growing a multigenerational family business. They are essential tools especially in challenging times. Today’s news calls for a fresh look at values and vision. And, today’s look is both personal and geopolitical, of the present and looking back a hundred years.
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.
A video interview with Leslie Dashew who shares some key insights on vision as a guiding principle for family businesses.
We often meet with families who have embarked on a transition plan that has proven not to be the destination they intended. Whether it was a plan that was not well thought through or family issues created obstacles that later proved insurmountable, the ultimate effect is adding another negative number to the already poor family business transition statistics…