CONTINUITY
FAMILY BUSINESS CONSULTING
US/CANADA: 877-925-5149 INTERNATIONAL: 1-617-500-3110
CONTINUITYFBC.COM
As family businesses develop the next generation of
leadership, they must recognize the overlap of the family and the business and
its effect on the entire family business system. Although this effect may
become more visible overtime, it begins when children are young and parents are
trying to find an appropriate work/life balance. Being mindful of parenting
styles and how they affect future family business leaders is important.
“Parenting affects the future of family businesses as it
teaches the capacity to communicate, to think outside one’s own interest, to
make decisions, to seek consensus and to want fairness and justice for others,”
(timesofmalta.com).
The close emotional bond between parents and children seems
to be responsible for the way they apply leadership roles according to
attachment theorists. Children apply previous patterns of interaction within
their own family to subsequent leadership roles.
It is thought that consistent parenting during childhood is associated
with secure adults with high self-esteem. Inconsistent parenting, on the other
hand, is thought to engender adults with low self-esteem who have less
confidence in their performance.
Family business owners are faced with “ultimate challenge”
of building their company while simultaneously raising their children, who
ultimately may lead their company. It is a juggling act that takes a sense of
purpose, balance and some luck to keep all the balls in the air.
Is your family business worried about parenting the next
generation leaders in your family business? Let us know on the Continuity Family Business Consulting Facebook Wall, linked HERE.
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