MIT Management Executive Education’s latest strategy webinar on building value across generations was an excellent reminder of the need to build value over time.
The seminar again stressed the importance of a compelling family mission emphasising value creation. And recognises that value creation is much broader than mere wealth creation!
The family enterprise, as defined by MIT’s John Davis is depicted as:
If you're interested in learning more about these areas, contact us at www.kimptonandco.co for a confidential, no-obligation chat, more on these topics and upcoming course modules.
You may also be interested in MIT’s Future Family Enterprise: Sustaining Multigenerational Success
https://executive.mit.edu/course/future-family-enterprise/
If for no other reason than to offset the increased general costs of living and growth of family numbers continuing to build value is imperative if the hard work that’s occurred to date is going to continue providing opportunity for the future family. Staying static is actually going backward!
At Kimpton & Co., we assist intergenerational families in all aspects of ensuring the family enterprise continues to provide for the family in a manner that enables all individuals to thrive, honours the past, optimises what is, and continues to birth new positive dimensions. Having a real focus across all domains of family wealth, we work cooperatively with trusted advisors or asset /wealth management structures, bringing the human elements to the conversation. Recognising the importance of family relationships and the various dynamics that play out, health, well-being, and educational circumstances, we have specialists trained in family governance and decision-making fit-for-purpose structures, leadership and capability development and working with individuals on transitional issues. For more details or a confidential chat, visit us at www.kimptonandco.co