Aligning Family and Business Values

Listen to Smitha explain how family values and business values are aligned. In a family business, it is important to understand that family values often transfer into the business values. Instilling strong household values for the rising generation can help ensure that these values will appear in the future of the business.

I feel more responsible towards the family and I feel, I might not be sitting on the board of the business, but I feel I am contributing to the business when I develop my home, I develop my children, and I work towards the values of the family with them, and I really feel that, you know, I am contributing to the business. We have a lot of similar values. There’s a lot of alignment between the family values and the business values. We have a process. We have governance structures. The family values are worked around the family council, whereas the business values are worked out at the top leadership management where they go for a retreat and they work on the values, and it’s wonderful to see how they are aligned.