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Own It!Becoming a Learning Family

Own It!: Becoming a Learning Family [While individual ownership development is important, it’s critical to work on the family’s evolution as a team of learning owners, with collective capacity, knowledge, and commitment. This is important because owners need to make high-stakes decisions and resolve conflicts together, often working through divergent goals and perspectives to promote continuity. To do this they need a common vocabulary and collective sense of trust and connection. In this context, a “learning family” takes a deliberate, proactive approach to growth, using feedback, practical steps, and other approaches to build trust and respect, strengthen communication, and advance collaboration and decision-making capacity. Domains of learning here include family enterprise strategy, ownership, governance, philanthropy, and others. Steps to evolve as a learning family include conducting a learning needs assessment; holding in-house (or multi-family) learning sessions; going on learning expeditions; promoting ownership, business, financial, and philanthropic literacy; and even launching a family book club. Don’t forget to have fun. Communication is the cornerstone and starting point, and it’s important to adopt a development plan to individual needs. Be careful not to take on too much too soon, or to prioritize the issues of the few over the needs of the many.] http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png

Own It!Becoming a Learning Family

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Publisher
Springer International Publishing
Copyright
© The Editor(s) (if applicable) and The Author(s) under, exclusive licence to Springer Nature Switzerland AG 2022
ISBN
978-3-030-20418-1
Pages
203 –224
DOI
10.1007/978-3-030-20419-8_8
Publisher site
See Chapter on Publisher Site

Abstract

[While individual ownership development is important, it’s critical to work on the family’s evolution as a team of learning owners, with collective capacity, knowledge, and commitment. This is important because owners need to make high-stakes decisions and resolve conflicts together, often working through divergent goals and perspectives to promote continuity. To do this they need a common vocabulary and collective sense of trust and connection. In this context, a “learning family” takes a deliberate, proactive approach to growth, using feedback, practical steps, and other approaches to build trust and respect, strengthen communication, and advance collaboration and decision-making capacity. Domains of learning here include family enterprise strategy, ownership, governance, philanthropy, and others. Steps to evolve as a learning family include conducting a learning needs assessment; holding in-house (or multi-family) learning sessions; going on learning expeditions; promoting ownership, business, financial, and philanthropic literacy; and even launching a family book club. Don’t forget to have fun. Communication is the cornerstone and starting point, and it’s important to adopt a development plan to individual needs. Be careful not to take on too much too soon, or to prioritize the issues of the few over the needs of the many.]

Published: Nov 16, 2022

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