As we just heard, values are strongly linked to your decision-making process, but sometimes need to be prioritized in tough situations. Let’s see what your values are and how they rank!

To begin, take a look at the list of values. Select the 6 that are the most important to you as an owner

Here you can see that the six values you selected are around this chart. Now, you will be presented with different scenarios and for each you will have to rank which ones would impact this decision most. Indicate your answers by clicking on the center of the chart and dragging toward the edge of the circle and clicking again. The more importance you place on the value, the more colour should fill that part of the chart.

You can repeat the activity for as many of the scenarios as you chose. This should give you an idea of how your values affect decision-making.

Expansion: You have the opportunity to expand your business. The opportunity has great growth and revenue potential; however, the industry does not align with your family’s values. Which values are most important to you when making this decision?

Succession: Your child wants to take over the business once you are ready to retire. You want the business to stay in the family, but do not believe they have the capabilities and experience to take over. Which values are most important to you when making this decision?

Non-family Owner: The family has decided to sell majority stock to an outside buyer, and needs to negotiate the sale. What values are most important as you proceed?

Conflict: Two members of your ownership group are in conflict, and will not speak to one another. This is causing problems in decision-making. What values are most important to you as you help them work through their conflict?

Legacy: Some members of your family want to start a philanthropic project in the businesses name. What values will be most important as you choose which area to work in?