BLOG | FAMILY DYNAMICS / GOVERNANCE
You may know the man in the photo as Tom Garrity, Founder of Compass Point, a family business consulting firm in Southeastern PA, headquartered in the Lehigh Valley; I know him as my inspiration, mentor, confidante, tennis partner, and best of all – my dad. This blog marks...
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Discover how business and leadership intersect in Daniel Coyle's "The Culture Code," offering insights into building successful organizations. I recently asked the LinkedIn community what book most closely aligns with your leadership identity...
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Many family-led companies hire business consultants to grow the business. Some even send their emerging leaders to personal development programs. But there is a gap – and it’s a BIG one.
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The Golden 5% is the full expression of our ability, multiplied by our maximum possible effort, multiplied by our full contribution of heart. It is the performance equivalent of what we offer in a deeply loving relationship – the absolute best of ourselves. And yet, we rarely give it or reliably inspire the giving of it by others in organizations. Why?
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Part of the challenge in a family business, or any business for that matter, is that the world does not stop and allow you to pursue your strategy in a nice, orderly fashion. Whether it is internal or external, business issues pop up throughout the day. So how do you prevent issues from derailing the company’s progress? Here are a few ideas for minimizing their occurrence and how to deal with them effectively when they do happen.
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As a leader, it is more likely that you’ll manage a negative employee or situation than not. Whether it is a short-lived instance or a long term issue, it can be manageable with candid conversations. Here are a few steps that work well to address and remedy the situation: Unearth the problem...
Read PostBLOG | FAMILY DYNAMICS / GOVERNANCE
Running a family business is a lot like any other business. There are sales goals to meet, market trends to monitor, supply chains to navigate, stakeholders’ expectations to manage and people to hire, fire and develop. Pretty much the same… UNTIL you add FAMILY. And then, there are family dynamics to consider as you chart your business's course and build a strong family business.
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Questions are the best way to identify problems and help people find the answers. A question for you… Do you question WHAT you do, HOW you do it, and most importantly WHY you do it?
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I heard a recent job recruiting statistic that should give every business leader pause. Currently, for every 10 open positions there are approximately only 5 motivated and willing workers.
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The single greatest driver of happiness and performance in the workplace is the quality of your relationships.
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Unequivocal responsibility-taking does not come naturally. True, we have an innate sense of when we’ve harmed others – the conscience inevitably pricks at us. However, we all also have an ingrained tendency to seek escape from consequences and accountability. We know what we should do, what we need to do, and yet we flee from it.
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We’ve all been there. On a Zoom call and you see those little black screens. No camera. Just a name. A headshot if they are Zoom savvy...
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