Shared values and a clear vision contribute to a strong and lasting legacy that inspires trust and loyalty among employees and stakeholders.
We are currently living in a pandemic that is not going away any time soon; the reality of systemic racism has been brought to the fore and can no longer be ignored; our political climate is increasingly unsettled.
There’s talk everywhere about ‘The New Normal’. This essay is a dive into what is new, and yet maybe not so new. We hope this series becomes a conversation among us.
As we find ourselves, our families, our global community in the grip of the COVID-19 pandemic, I believe we must stay focused on a view of leadership that was put forth by scholar Bernard Bass. He said that leadership was defined by our capacity to influence positive change.
Family legacies are punctuated by events that stand out in the collective memory of the family. Some of these memorable events come as a crisis. Others are planned to accomplish specific purposes.
Having clarity about your destination is a key to your destiny. We often meet with families who have embarked on a transition plan that has proven not to be the destination they intended.
Meet the Mason family, who illustrate a real situation that is typical of those we see, and whose confidentiality we are protecting.
The French have a concept called “le Troisième”. It refers to the third stage of life. If we anticipate that we may live to be 90, that third stage refers to the years between 60 and 90.
In my many years of specializing in work with family businesses and families of wealth, I have found that the single most important indicator of success for these families is a shared vision.
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