|
karimamarika654
Go¶æ
| Do³±czy³: 06 Mar 2024 |
| Posty: 1 |
|
|
|
 Wys³any: Sro Mar 06, 2024 05:25 |
|
 |
 |
|
|
Tips to encourage psychological ownership in your children and in the following generations Many founders dream of leaving a family legacy and a solid heritage to their children, hoping that they become active owners who help that legacy grow. But what happens when these new generations do not feel identified with the company? What happens when the founder asks himself “Why did I build all this if my children aren't interested?” Different investigations carried out (Pierce et al, 2001) lead us to understand that the absence or presence of commitment and interest in the company are related to the level of psychological ownership that these shareholders can experience towards their company, that is, they can feel or not that the company belongs to them to the extent that they can make decisions about the company, obtain knowledge about it and invest their time and effort in it.
Listen also: "Podcast: "MANAGEMENT & LEADERSHIP: An effort to understand the dynamics of the Colombian family business" Here we present some initiatives that you, family entrepreneurs, can manage to activate psychological ownership in current and future generations: Allow space to make decisions about the company. This involves training BTC Users Number Data shareholders in their responsibilities and in the area in which they participate, in addition to empowering the person in front of themselves and the employees of the organization. Gain knowledge about your company. You don't want or feel as your own something that you don't know. Family businesses must open spaces for interaction where younger generations can get to know their own company in a pleasant way and feel motivated to contribute responsibly to its growth. Invest time in the company. If these young generations are able to invest, on their own initiative, their ideas and time, this psychological property could be activated in them.
At this point, founders and parents must be very creative to create spaces that capture the attention of these generations and allow them to decide for themselves to give the company the best they have. It is worth ending with this phrase from Craig and Aronoff (2011): “A family business deserves to have owners who want to be so, not those who are forced to be so.” Interesting facts about INALDE Family Business Center Study carried out on 100 Colombian family businesses Did you know… Entrepreneurship and hard work are the main characteristics of Colombian family businesses 100% of these companies do not have governing bodies for the family or a strategy oriented towards the family unit. 71% of these companies do not have training aimed at developing active owners 57% do not have planning for estate succession 89% of these companies require guidance to better structure their Board of Directors 91% do not have an explicit strategy.
|
|
|
