Richard discusses the reality that family owned businesses typically are the ones that last the longest. Family challenges include: succession, sibling rivalry, not wanting to air their dirty laundry and maintaining values. Factors include sensitivity to the environment, maintaining cohesiveness across the business, maintaining a core set of values and being conservative with their money.
Another thing to know about the resilience versus the management model as I said is about how you anticipate and prepare for stressful events even this issue of navigation where you find yourself in the heat of a battle. I want to talk about these three mechanisms a little bit more in preparation, hardiness, navigation, and this recovery and bounce back. So these are the three mechanisms and these three mechanisms are really important. The first story I want to share with you is an example of this. So I am going to tell you a little story about Arthur Ashe. Arthur Ashe was the first African-American tennis player to win single tournaments at Wimbelton, the US Open, and the Read More
There are ten more areas that are right for improving your energy and for using rituals and routines to improve your management. Think about what you can do to create more automation in these areas: Meandering meetings where nothing seems to be getting done. When you don’t say no when others ask you for help. Open door policies that leave you reacting to interruptions. Not delegating effectively. Only dealing with putting out fires in your workplace and not getting into more important strategic planning. Not feeling organized or having too much clutter to find what you need when you need it. Not having enough time to recuperate between meetings or events. Trying to multitask with too many things and not Read More