This once-in-a-lifetime conversation between Dr. Marshall Goldsmith and Mikel Williamson is moderated by First Bank's Senior Vice President and Director of the Center for Family-Owned Businesses Ed Hart. Goldsmith and Williamson discuss how leadership has evolved in the past few years and what traits and characteristics exist in the world's greatest leaders. Watch now.
Great leaders are thought to possess great character. Take the quiz and rate yourself to determine what your strengths and weaknesses are in the six key elements of character. Also, see the authors’ recommendations to consider when building character.
The article, “Why Next-Gen Leadership Transitions Fail,” describes how full buy-in and holistic commitment to a solid succession plan are essential for success. Denise Federer explains how trust, cooperation from all parties, and transparency will help ensure a smooth transition.
The article, “Preparing the Next Generation: Is it really necessary to work outside of the family firm?” the author discusses the typical advice of requiring next generation leaders to work outside of the family firm for external experience.
The article, “Ready to Mentor a Senior Colleague? A Roadmap for Reverse Mentoring” discusses what reverse mentoring is as well as the pros and cons of mentoring colleagues in senior leadership roles.
The article, “The Paradox of Choice: Wealth’s Impact on Family Potential,” by Doug Baumoel provides critical insights and tips to navigate children growing up with generational opportunity or the paradox of choice.
This article provides critical insights to help owners pivot their leadership approach to achieve a successful business succession. The author shares five threats owners must overcome to eventually transfer management and governance of their family business.