In addition to our consulting practice and emphasis on educational events, DVFBC also promotes peer learning through our Leadership Labs. These peer groups help accelerate the personal and professional development of family business leaders through building relationships and accountability with others who are in a similar place and feel similar pressures.
As JoAnne Norton says In Praise of Peer Groups, having a group of peers that you can share openly, honestly and regularly with is indeed “powerful for family business.”
Lacher & Associates, one of our partners in education, published this blog earlier this year on a similar subject, the benefits of a mentoring program. As they mention, “Mentees can achieve the following benefits through a mentoring program:
- Skill development—Mentors teach mentees the skills and qualities they will need to succeed, along with familiarizing them with the company’s protocol and procedures. This, in turn, can teach mentees how to do their jobs more efficiently.
- Continual growth—Mentors provide ongoing feedback to their mentees and teach them how to take constructive criticism and apply it to their jobs. This type of feedback can feel less intrusive than regular performance reviews and employees may respond better to it as a result.”
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