ASM's First Annual Young Professional's
Family Own Roundtable
Wednesday, June 5, 2019
Plumbing Museum, 80 Rosedale Rd, Watertown, MA
7:30 am - 10:00 am
This open discussion will focus on best practices, challenges for business families, succession process in the company and more.
All businesses require planning, but business families face the additional planning task of balancing family and business demands.
There are critical issues where the needs of the family and the demands of the business overlap and require parallel planning action to ensure that business success does not create a family or business disaster.
Some challenges for business families is that family, ownership and business roles involve different and sometimes conflicting values, goals, and actions. For example, family members put a high priority on emotional capital the family success that unites them through consecutive generations. Executives in the business are concerned about strategy and social capital the reputation of their firm in the marketplace. Owners are interested in financial capital performance in terms of wealth creation.
To encourage the next generation to be valuable members of the business, potential successors should be nurtured by assimilation into the family firm, mentoring, sharing of important knowledge and having positive role models within the business.
7:30-8:00 am networking
8:00 – 10:00 am program
This Roundtable is FREE for members, but we ask you RSVP in advance.
Please pass this along to anyone in your company that can benefit from this informative lecture. We hope to see you!