The moment we hear that business leaders and executives are working on (not just talking about) succession planning and building talent depth charts, we are ecstatic! Because the truth is, many talk about it, but don’t put any action behind the words. Sometime in the future, we’ll hear, “Yeah, we were talking about creating a succession plan for that role. We just never got around to it.”Read More›
Lesson Two: We’re all in this together…believe in one another!
Every family has unique dynamics and each member carves out a role that just seems to fit his/her strengths. Among the many roles, there is usually the role of “person in charge,” the role of “peace keeper,” the role of “challenger,” and the role of “planner/organizer.” And in some cases, multiple people want the same role; which can cause conflict within the family. To add to that, the role in the family may not match the position they hold within the company.Read More›
Recently, I visited the Grand Canyon. For the fourth time, I had the opportunity to witness this majestic natural wonder. Every time I go, it takes my breath away. If you have been to the Grand Canyon, you know that you can see the canyon from many different viewpoints. You can stay safe and walk only along paths that have guard rails (sturdy dividers between you and the vast drop to the bottom) or you can hike down to more rugged areas and find flat cliffs that jut out over the canyon. These areas have no guard rails and no protection from falling.Read More›
The family business is as American as apple pie and the Fourth of July parade. Companies such as Ford, Marriott and Wal-Mart are only a handful of family-owned, corporate giants that come to mind. And although there are more than 100 million family businesses in the United States, only about 30% of family businesses survive to the 2nd generation, and 12% to the third.Read More›
When you think of the word “discipline,” what comes to mind? Do you get a picture of correcting employee behavior? “Adam did something wrong and I need to discipline him.” Maybe you get a vision of a tedious, non-motivating, static environment opposed to change and to be avoided if given an option. “You can’t even breathe in that department. Anything you do that is outside of their discipline is a cause for a personnel action.”
Somehow along the way, discipline has become more closely aligned with punishment or oppression than the original definition (which was to teach or instruct). The fact is that discipline can be a good thing…Read More›
If you’re a business owner or executive, you’re probably working hard to grow your business. And sometimes that means sleepless nights; long days. It can be hard not to think about business. And as the business grows, things change. Or at least they probably should. When we try to keep doing what we’ve always done, we soon realize that it won’t work. Now we have growing pains.Read More›