Just Out. What do families do to succeed in complex business over generations? A report on 192 global families, sponsored by the Family Office Exchange and the Family Business Network, shows that they regularly draw on 15 guiding practices. These practices support the three foundations of nurturing family connection, developing clear collaborative agreements, and developing leadership in the new generation. The report details the degree and importance of these practices, and compares types of families along many dimensions.
The Values Edge employs Values Cards to help an individual, couple, family or team to define their Personal Values Pyramid, and then work together to create a Family or Team Values Statement.
Each kit includes a deck of values cards, along with colored post-it stickers for transferring values to a Display Card that preserves your Values Pyramid in a visible format that can be worn as a name card. By sharing personal values arranged in colorful pyramids, people in a family or a work team can easily experience their similarities and differences.
This new 50-question on-line learning tool allows each family member to respond to questions about family relationships and business-financial arrangements to create a shared picture of the family enterprise. It can be used by a family on their own, or with their family advisor, as they create cross-generational governance.
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Best Practices of Multi-Generational Global Families