working with, advising, and supporting Families in Business to maintain family harmony and business prosperity as they build their legacy from generation to generation
Have a question related to your family business, ask SKM Associates
Silos in a Family Business
How do you break down silos? How do you keep silos from becoming fortresses?
First, recognize and admit that silos exist in the family business. You can’t begin addressing how to eliminate them until you admit they are there. Then, begin exploring why the silos developed in the first place. Revisit the business family’s core values and realize that these core values are what will keep the family together and help eliminate the silos. In addition, commit to communicating with each other, and commit to open and honest evaluation as a family.