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We hope this unit has provided you with a helpful overview of the roles and responsibilities of family ownership. Take a moment to review the key takeaways, and be sure to take the next unit, Values and Views.
- Different types of owners have varying roles and responsibilities. It may be helpful to explicitly assign responsibilities to owners.
- Owners may have different motivations, but they can minimize conflict by finding common ground, and aligning their motivations with their responsibilities. An ownership council meeting may be of use to discuss motivations.
- Your level of emotional ownership will likely impact how you make ownership decisions.
Question:
Are your owners trained professionally, like your managers are?
