Family businesses require leadership in the family, business, shareholder, and board teams. Over the last 30 years we have identified particular leadership attitudes and skills that increase the odds that both the family and business will succeed. We call it whole-hearted leadership. Developing whole-hearted leaders is integral to our work with business families.
Some whole-hearted leadership attitudes and skills include:
- Build Effective Teams
Business families which are successful over the generations develop 5 teams who work together interdependently: Family Team, Shareholder Team, Management Team, Board Team, and Advisory Team.
Using our Team-Building Model, we guide the development of these teams beginning with building deep trust, the capacity to name reality, a commitment to shared goals, and mutual accountability, which leads to collective results.