Create a Culture of Generosity and Communication in Your Family Business
What, exactly, is a “family business”? Definitions range from being so vague that they’re practically meaningless (e.g. “any business that considers itself a family business”), to criteria that’s so detailed, it specifies the number of generations and percentage of control that one family, defined granularly, exerts on a business organization. We believe that a family business is a business that is either majority-owned or controlled by one family, related by blood or marriage, irrespective of the last names of the family members. Family businesses come in all shapes and sizes, and they are here to stay globally, gaining power and influence daily.
In this article from Harvard Business Review, Wingspan founder Christina Wing explores what it takes to foster a culture of generosity and communication in your family business which can help to mitigate some of the issues. Connect with us to learn more about how Wingspan can help you create a culture of communication.