Wednesday, September 14, 2011

4 Steps for Building Family Business Synergy - Changing "Dreawork" into Teamwork, Part 1

Trust is the single most critical component of teamwork. In the absence of trust in owners, leaders and colleagues, members of the “dream” (versus team) are looking over their shoulder and subsequently handicapped in their ability to focus on their assigned task.  Building trust is the first answer to how we convert a “dream” into a team that optimizes productivity and creates the Success Marginsm demanded by business succession.   Trust builds cohesiveness and resilience that are the cornerstones of family business synergy. The potential of a collaborative group is not solely dependent upon the aptitude. Assuming journeyman aptitude it is the attitude of interdependence that determines the productivity potential beyond the natural sum of the parts.

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