Its rather funny and even grave when you notice that leading family businesses haven’t yet formally decided (and if decided then acted) on timely succession. Why so? Why family-owned businesses’ stewards or the current generation legal ownership and operating command do not begin formal succession until they reach age tipping point or ailments or a combination
Don’t wait for lows to make upgrades in your leadership. Make it a habit to continually transform your relationship with yourself.– in other words, your Leadership capacity. Let’s first debunk a few myths straight away that affect your Leadership directly: I will get wiser with age I will get experience with age I will get sharper
First, I would like to thank several business owners (Indian and global owners) who trusted us for making a critical transition in them – Moving from ownership thinking to leadership thinking, doing, and leading for results. To be an owner is challenging for sure. It takes incredible strength to pull the business as an owner. It takes grit
Many esteemed business families ask us who should be a part of making of the constitution? Our response consistently is – All those who will be living the constitution must be involved in order to have the expected outcomes delivered i.e., the constitution must preserve, protect and prevail love, growth and prosperity. We understand that
Not yet have a constitutional system in the family for perennial growth & harmony – Is it because you have frozen feet, or you are frozen by status quo or worse, frozen motive? Let’s look at the sharply rising external environment in which family businesses compete: A vertical growth prospect – from today in 2022
Have you ever wondered the difference between a leader and leadership? Did it ever occur that the way you lead yourself directly affects your leadership quality at the display for others to be led for results? If you have, did it come to your awareness how significant impact your relationship with yourself is in demonstrating
Do we remain what we are or question what we are and make the necessary uncomfortable changes? There are talks about the Indian economy reaching a GDP of USD 30 trillion by 2050. There have been reports published in the public domain back in 2012 by Knight Frank and Citi Financial about the World Wealth by 2050.
In March 2021, we were helping a proven, high stature and UHNI business family to move several of their mountains while defining their family constitution. We were on Chapter 67 of the constitution design out of the 104 chapters that we co-developed with them about a year ago whilst defining the project scope. Further, the
Planning of succession writes a prophecy about the family’s fortunes and business. Planning for succession isn’t about a successor at all. Planning for succession is about the success definition first & foremost that the family believes they deserve and want to create for the coming generations. It is about the identity of the family they
