working with, advising, and supporting Families in Business to maintain family harmony and business prosperity as they build their legacy from generation to generation
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Family Values in Business
It is not easy to just sit down and articulate the family values. Documenting the family’s non-negotiable values takes collaboration and discussion. There are many ways to codify a business family’s values; however, simply identifying the values is more important than how you document them. As the saying goes, ‘just do it.’
Engaging in a values dialogue should not create opposition in the family. Rather, it should be an opportunity to experience the free flow of thoughts between family members to build a congruence of thoughts that will unite the family and strengthen the business.
Articulating these core values will influence a business family’s worldviews; competitiveness; beliefs about wealth and philanthropy; and how major decisions are made.
As Roy Disney said:
“When your values are clear to you, making decisions becomes easier.”