07 Jul Podcast: Developing Future Leaders of Family-Owned Businesses, with Jim Hartlieb
Advice for future leaders of family-owned companies
Family-owned businesses are unique in that the mantle of leadership is most often passed down from one generation to the next rather than passed along to an executive who has come in from outside the company. In a scenario of this type, it is even more important that the development of upcoming leaders happens effectively. Having the same last name as the company’s founder or current leader is clearly not an adequate qualification for leadership.
I asked Jim what advice he would give to those who are overseeing the development of upcoming leaders in family businesses. What he shared was both a common-sense approach and a perspective that lends valuable insight, since many of the customers of the bank where Jim serves as President are family-owned businesses.