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Description
If there’s one thing the last two years have taught us, it’s the importance of being resilient. In general terms, resilience is the ability to bounce back after being challenged, hard-pressed, stressed and stretched to breaking point. In this session, speakers will deliberate over what makes resilient families and family businesses that are resilient. Speakers focussed on the role of the NextGen and their influence on the resilience of family enterprises in the future.
Experts discussed the topic from three different slants, exploring the power of purpose and what it means and looks like to be resilient and the role of the family business advisor in the piece:
- Purpose – The importance in assisting the NextGen and their quest for legitimacy by exploring their purpose, identity, and potential contribution as a member of a family enterprise.
- Perspectives – How to constructively harness the perspectives of both the current and NextGen to leverage the strengths of tradition but foster an entrepreneurial spirit across generations.
- Process– The common pain points experienced by business families as they prepare the NextGen for the future and strategies to avoid or overcome them.
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