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The adage «Failing to plan is planning to fail» may be applicable to enterprising families. Transforming from a single business founder to a multigenerational enterprising family organization means shifting from an «I» to a «We» leadership mindset. To keep a system of many kin in harmony for many family generations as opposed to just worrying about self can be quite complex. This article aims to seed ideas about the building blocks enabling the pursuit of enterprising family organizational longevity with purpose and empathy.
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Governance conjures up images of government and country, or even board of directors and publicly-listed corporations. For many of us, automatically linking a governing body to family is not clear cut. However, for significant and long-lived enterprising families faced with evolving organizational complexity, family governance becomes a necessity for their longevity and prosperity. Family governance without strategic family leadership foretells eventual impairment of family wealth and relationships.
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