How are you Communicating with the Next Generation?
Lack of effective communication among family members is the root cause of most family business failures. Effective communication between parents and their adult children is essential to a mutually satisfying transfer of a legacy from one generation to the next.
A legacy is the summation of a lifetime of achievement, the context in which that lifetime will be remembered, including: reputation, accomplishments, and a persons’ impact on the world. Good communication skills are essential to establishing the mechanisms for transferring that legacy to the next generation. Furthermore, good communication skills can be learned. Communication between people include both verbal and nonverbal aspects. Facial expression, posture, orientation and voice tone all add richness to the message being sent.
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