Blog

The internal culture in family and private owned companies is the glue that brings sustainable success

As I move about and work with families in business and other private business operators I see a diverse range of internal business cultures within many of them. There is such a disparity between those who have got it right and those who fail to understand what is really going on in their business with their people. It’s been the greatest challenge of my advisory work in this segment and the most rewarding when we get it right and everyone embraces change

The benefits of understanding why culture is so important as a driver of success is a given when you find examples of leaders and companies who are enjoying sustainable growth and ongoing profits through a positive internal culture.

I find that one of the key issues is the relationship between the generations, especially in a family business.

http://bschool.pepperdine.edu/studentblog/index.php/important-steps-a-small-business-should-take-to-build-a-productive-culture/

comments powered by Disqus

Search the Blog

Post Categories

Latest Posts

Why do family businesses need an external trusted advisor? Family are often run on emotion

Many heads of family companies call on their legal representative or accountant to resolve internal conflicts. I challenge this as the professional advisor will always look after the interest of the person who engages them as their primary priority.
READ THIS POST

Harvard Business Review's most read articles in 2018 were on internal culture

An internal culture is like a fog. It is pervasive and touches everybody and everything in your business. Make sure you are aware of all issues.
READ THIS POST

Family business are more successful when they engage an external mentor to work with the next generation.

Why do successful people use a mentor? Because it works. Family business should consider engaging professional mentor for the next generation working in the business. They sometimes only know one way and that is what they learn from their parents. Mentors bring a different perspective through their wide experience and knowledge.
READ THIS POST

Key issues Families in Business neglect to address in detail

Often families in business have grown well past their original capacity to manage key areas of the business that are key drivers and enablers for the business to be successful into the future. Business founders need to accept that they don't have a mortgage on important compliance and essential people dynamics.
READ THIS POST

A new award winning family business started by an Irish backpacker who came here in 2011

Andrew and Denise Harte arrived as back packers in 2011 looking for work and started by taking anything they could get. Then from their one bedroom flat they started a business which now is heading towards many $ million turnover with 150 employees. Belief in themselves and a never give up attitude, typical of many family business founders.
READ THIS POST