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Tag Archives: accountability
Holding Yourself Accountable is Key to Credibility
Accountability is a loaded idea in our culture and even more so in a family business – where notions of professional accountability and family ‘loyalty’ sometimes clash. We want folks to be accountable for their choices, actions and results, but … Continue reading
Accountability: “Evaluate to improve, not to prove.”
A young next generation executive working for the family business her father founded recently told me that lack of accountability among family members in the business was hampering the successful transition of the company to the next generation. Unfortunately her … Continue reading
Another Invited Accountability Example
Steve McClure In a previous post, I defined invited accountability in the context of operating and non-operating shareholders. Another opportunity for family members to invite accountability is in the situation where a founder passes control to a lead successor with … Continue reading
Invited Accountability
Business families with “accountability issues” often describe them in two ways. The shareholders who do not work in the business, whether actual shareholders or family members in line to inherit, will see it one way: My relative running the company … Continue reading
Posted in Conflict & Communication, Ownership & Shareholders
Tagged accountability, shareholder
1 Comment
Patriarch’s New Year’s Resolution
Lack of accountability is often a major cause of succession challenges within family businesses. Why not make the establishment of effective accountability the top priority on your New Year’s resolution list? In cases where transitions are running into trouble, lack … Continue reading
