Changing the Climate of Your Family Business with Justin Craig
Research conducted by Justin Craig, Ph.D. and his colleagues found that in family firms, a climate of stewardship was positively linked to innovativeness and organizational performance. They also confirmed that when everyone is intrinsically motivated and aligned within a cohesive culture, employees are more involved and there is a low power distance between owners/executives and employees.
As stewards of the company, individuals see the business as an extension of themselves and are committed to its success. The utility the steward gains through pro-organizational behaviors is greater than that gained through individualist, self-serving behaviors.
During this webinar, Justin Craig will discuss the individual and organizational dimensions of stewardship climate and share how business families with a stewardship orientation are better positioned strategically.
Key takeaways include how to:
Understand the importance and differentiating potential of stewardship climate
Diagnose your stewardship climate
Develop a collaborate environment
Communicate to family and non-family stakeholders the importance of developing a stewardship climate
About the Presenter
Justin Craig, Ph.D. is a consultant with The Family Business Consulting Group. His areas of advisory expertise include next-generation development and governance. He is also a Clinical Professor of Family Enterprises and Co-Director of the Center for Family Enterprises at Northwestern University's Kellogg School of Management. Justin's research focuses on the strategy, function, management and performance of multi-generational family enterprises and those who lead and steward them.
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Leading a Family Business: Best Practices for Long-Term Stewardship by Justin Craig Ph.D. and Ken Moores, Ph.D.
Based on insights from executives across the globe, this planning guide captures the unique challenges faced by leaders of a family business and presents an approach to help these operations survive and thrive across generations.
Includes insights from leaders of family businesses from all over the world
Describes important characteristics for leading family and business systems successfully
Features case vignettes showcasing the complex inner workings of family and business stewardship
Compares the homogeneity evident in non-family enterprises versus the heterogeneity of family enterprises
Discusses the differences between leadership in family enterprises and non-family enterprises
For more information or to order...
Stewardship: A Very Practical Family Business Theory
Building Family Harmony Starts with Living Our Values