The word disruption can have negative connotations, it can make you feel uncomfortable and wary. But, it can also be an opportunity to change, an opportunity to pivot and embrace change.
In this episode we speak with Prof. John A Davis on MIT Sloan bout his new role, what his research on disruption shows and how firms can adapt to this.
We also discuss the impact of increased longevity on family firms and tips to help.
We also chat to John about what he means when he says that family business members should adopt an 'Owners Mindset.
You can find out more about John and his work here:
https://twitter.com/ProfJohnDavis on Twitter and;
https://www.linkedin.com/in/john-davis-61aab322/ on Linked In.
You can also find our more about the programs that John talks about here:
(For 2nd generation-controlled businesses or later)
The Future Family Enterprise program leads multigenerational families through a stimulating week-long conversation that produces clarity on the path ahead for each participating family and its enterprise. Your family will learn practical concepts and tested practices—organized around examples of multigenerational success and failure—to aid your thinking, improve your long-term planning and alignment, and shape the roadmap of your family enterprise system.
(For 1st generation-controlled businesses only)
Successful founder–stage businesses are enviable powerhouses in many ways, but they face unique and complex challenges as they transition to the second generation of sibling owners and leaders. Given the role of the founder and the nature of sibling relationships, these first–to–second generation transitions are often complicated and emotionally sensitive experiences. They need to be pragmatically designed and sensitively implemented for the survival of the business and the unity of the family. This program explores the crucial issues, useful strategies, necessary planning, and pivotal conversations required to implement an effective handoff to the second generation—and to shape a meaningful future role for the founder.