This month the theme for a group of emerging Irish born leaders that I chair in Melbourne is leadership.
I saw some recent research that suggested that four out of five executives were dissatisfied with the the leadership in their organisation and I often hear that most people leave an organisation due to the performance of their immediate supervisor. There have been many books and articles written on the subject of leadership over the years and everyone I meet has an opinion on leadership. They also are quick to tell you about the terrible bosses that have worked for.
If its so important, why do we have so many who are not up to the task ?
Often I suspect that poor leadership is a result that many are promoted to a leadership position due to the fact that they are good at their current job. The article below is one worth reading to stimulate discussion as we need to keep having robust discussion on this topic particularly as our next generation of leaders are faced with a fast moving world where change is constant.
The key to a successful family in business is effective communication, early communication and honest communication. Once that has happened you can start succession planning with a common purpose. READ THIS POST
The issue of succession and the transfer of leadership, ownership and business accountability has reached a critical stage in Australia as many founders are now in their seventies and eighties. The next generation is sitting in the waiting room and hopefully they will not be a Prince Charles and take over by the time the third generation is also ready. READ THIS POST
If your family business is only listening to other family members then you are missing out on the experience, knowledge and wisdom of others. You need to add advisory board members who add value and not just a different skill set. READ THIS POST
Look for someone who adds value to the family and the business. Most successful families in business understand that they do not have all the skills to be successful in the long term. Many set up advisory panels or boards after conducting a skills gap analysis READ THIS POST