Why is Leadership IndispensAble? COMPLEXIBILITIES ARE GREATER AND MISTAKES MORE COSTLY.
As noted in our section on culture, an organization’s culture is linked to profits. What is often misunderstood is the role leadership plays in setting the tone that makes this productivity link between culture and profits possible or not.
Few family businesses will escape the complexities of today’s markets and the increasing demands from regulation and competition. As such, a commitment to leadership skills development coupled with a personal leadership development plan are essential to building the competencies needed in the dynamic environments current and future generations in successful family enterprises will face.
Every leadership team should:
Know and understand its strengths
Discover how to leverage those strengths in composing teams
Be mindful of the dysfunctions that can sideline a team
If your family owned business is not doing these things, you may fail to remain relevant.