Leadership development
Leadership Development PDF Print E-mail

Leadership development is the hottest of hot topics these days. Some experts claim there are 2000 books on the topic published each year! The reality is that in most family and closely held businesses, leadership development is a low priority if it is addressed at all. Yet, most acknowledge it’s critical to the continuity and sustainability of a multi-generation business.

In family businesses, all too often the leadership mantra of senior executives is to look at what the company did last year, add a few dollars for anticipated growth, and defend the strategies and tactics that it has used in the past to get where it is. That’s not leadership; that’s defending the status-quo, and it’s ultimately a recipe for stagnation and failure. Real leaders peer into the future, seek new paths and new ways for doing business, and continually reinvent and reengineer themselves and their companies.

While leadership is a difficult to define and complex process, John Maxwell has a wonderfully concise definition: “Leadership is influence – nothing more, nothing less.” Don’t confuse leadership with management, however. Unlike a manager’s authority which is defined by the company’s organization chart, leaders inspire followers to follow. Leadership isn’t necessarily a position of formal authority; it is more about person to person influence than authority dictated by a box in the organizational hierarchy. How many managers have you known who, in spite of their formal authority on the organizational chart, have been unable to produce results for their teams because of their lack of leadership characteristics and qualities? Formal position, titles, or membership in the family which owns the company are no substitutes for developing leaders.

Specific Services

Leadership Development Plan

The Family Business Institute can prepare leadership development and integration plans that incorporate specific business goals and objectives and the skills, mentoring, and knowledge it will take to achieve them.

Creating a Leadership Culture

Organizations emulate their leaders. If the leader can’t or won’t exercise discipline and manage himself, the company’s people and results will reflect that. The organization needs to know who it is collectively, what it stands for, and where it’s headed. The company gets that information from its leader(s). The corporation’s identity, its culture, comes from the people who populate it. If the people cannot manage themselves, how can they be expected to manage anything? Self management is at the core of creating a leadership culture.

Developing and Integrating High Potential Next Generation Leaders

There are several interesting and useful tools to develop “Next Gen” leaders. The Family Business Institute uses 360° evaluations, processes for discovering unique talents, psychometric evaluation tools, and other processes to identify, train, and develop high potential next generation – family or non-family – leaders. We also work to dispel many of the misperceptions about developing leaders in closely held companies.

Leadership development plans can be as varied as the family and closely held companies which utilize them. Formal training and special projects are both part of leader development. Other best practices include communications training, self awareness work, the use of “bridge management”, training in making collaborative (versus unilateral) decisions and others.

The Family Business Institute Difference

Our commitment to helping you achieve breakthrough success is absolute. Drawing upon our unparalleled experience in working with family enterprises across virtually all industries and business functions, we educate our clients about the need to utilize a comprehensive and integrated approach for the benefit of their family business system. The Family Business Institute differentiates itself by addressing not only the typical financial side of the family business triangle, but also the other two sides which deal with operational and/or interpersonal issues.

Ready to Learn More?

In addition to the services listed above, the Family Business Institute can also assist you with many more services in the area of Leadership Development. For more information, contact us at (877) 326-2493.