Chapter 10Alternatives to Engaged Ownership
Those who become engaged owners focus on recognizing, growing, and sustaining the core capital in all its forms that their ownership represents. Engaged owners who recognize that there is more at stake than money, and bring interest, understanding, ability, and longsightedness and broadsightedness to their role, increase the odds that the family's human capital and enterprise capital as well as its financial capital will be deployed thoughtfully to achieve their shared purpose and vision.
Not all owners will want to be engaged owners, for all sorts of reasons. Lack of desire or ability on the part of an owner isn't failure; rather, it is a reality that the ownership group will need to face. An owner may be too busy and unable to turn away from other obligations to devote the time, commitment, and energy required to be an engaged owner of a business. An owner may be angry or estranged from other owners and unable to set aside deep-seated personal feelings: animosity, jealousy, dislike, or frustration. One owner's system of values and principles may be so different from another's that they will never be able to work together to articulate the owners' shared purpose and vision for the future. An owner may simply not be interested. Or, an owner may be deeply ...
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