A Critical Component in Family Business Success - Management Leadership Training

Every expert says that leadership is the key corenameless stockholder. About ninety percent of all
competency of 21st Century business leaders. By thatcompanies have less than 200 employees so
I mean every expert that is selling leadership training.everybody knows everybody and virtually everything
Since they are selling it, does that make them anthat is going on. When these business owners say
expert or does it make their self-serving assertionsthey are "betting the farm" or this or that strategy -
about the important of leadership training untrue? Both?they literally mean it.
Or neither?We all know that the vast percentage of new
Leadership training certainly seems to be a keybusinesses fail, some sooner than others, but failure is
element for the legendary success of the megaabout 90%. That means the surviving 10% must be
corporations where the leader is the person everyoneconsidered successful. Unfortunately only 30% of
is willing to follow into uncharted territory and stick withthose successful companies survive to the next
against all odds. That seems to be the organization'sgeneration. There is probably a different reason given
inevitable secret of success - their willingness to takeby every one of them. But those reasons may simply
on the metaphorical San Juan Hill that has beenbe excuses for not taking responsibility to integrate
pointed out to them by their leader.management leadership training into the step by step
Just as there are legendary success stories attributedday to day succession building process.
to the followers of influential leaders, there have alsoThe family owned companies who survive through
been some tragic failures. Tragic to the employeesand beyond the founder's generation need leaders
who followed and to the stockholders who lost theirwho are managers more than the mega companies
investment.because the very jobs, futures, and potential fortunes
When some of these charismatic leaders have soof everyone in the organization and in some cases the
publicly lead their followers (and the media) over a cliffcommunity are dependent on them.
like so many lemmings, perhaps more should haveFor these companies management leadership training
been required than the ability to convince others thatcombines the how to do the job, something that is
they had the right to lead them and the direction theyknown at least historically because the organization is
were going was the right one.still in business - with why do it in the first place.
Perhaps management leadership training would haveManagers who are also leaders understand that doing
helped these leaders take their followers and theira job right is important but perhaps not as important as
organizations in the direction it would have been moredoing the right job. Management leadership training
profitable for them to go. But since it was thewhen learned well and executed excellently insures
shareholders money and since the leader had thethat the right jobs are done right.
support of the media and in many cases the politiciansBy now I hope you are thinking about the implications
- their actual failure to lead is often swept under theof what you've just read and I also hope you will take
rug.a few seconds and post your comments for the rest
By contrast the owners of family businesses, the vastof us. By sharing your experiences and insights here
majority of those companies in existence today, spend,you will be adding to the richness of the conversation.
invest, and lose their own money - not that of a