Preparing the Rising Generation to Master the Leadership Challenges of the Future

Seven Challenges for the Rising Generation

1. Competing successfully in a rapidly changing global economy and fast-changing
   competitive markets: integrating and inculcating the ‘Four Characteristics of Winning
   Companies’ at all times
2. Fostering the traditional family in a world of eroding social models
3. Avoiding arrogance, acting with respect and remaining down to earth in a moneymad culture
4. Respecting and giving 100% to a job you don’t need
5. Developing an ecosystem which includes the best people available in every position
6. Identify valuable new areas of knowledge or skills and master them ahead of others
7. Seek wise counsel from people worthy of your trust who will speak honestly – and
   often critically – to you without fear or favour

Every family has multiple leadership roles – formal and informal – that are a part of the family’s history and culture as much as its current strategy and approach to governance. Successful leadership in any family context means understanding the opportunity, building trust and key relationships before and during the leadership stage, and communicating clearly with all key constituencies along the way.

Leadership in the family requires building expertise in both the “hard” (technical) and “soft” (human) areas that make up the family. Understand your own leadership profile, strengths, weaknesses and opportunities for success. Prepare an informed plan for preparation, succession, leadership role, and handing over to the next generation when the time comes to move on: all key elements n a leadership saga for any family leader. Use a proven process to chart a pathway to success in the family enterprise.