Turf wars and silos exist in most businesses I have worked in over the years and it is my single biggest frustration and is the primary cause in killing the ability to build a pervasive culture that is positive, your culture should be the internal glue that leads to success.
This morning I facilitated a forum with a group of young talented middle management executives from a variety of companies and there were some common themes. All had stories to tell of good and bad experiences when working in companies in Australia and overseas. The negative experiences were all related to the inability of business managers and owners to fail to communicate on a regular basis and lack of a vision that is shared and believable. Many spoke of a vision that was developed by people in suits on a company strategy day and then force feed to the troops and written on the walls but had no follow through across all areas of the business. Zero communication and feedback.
If this is so common, why do so many get it wrong ? Turf wars, internal politics silos and egos !
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