Why It Matters While to some success "just-seems-to-happen," it also involves serious transmission of values. To ensure sufficient gains, therefo
Why It Matters
While to some success “just-seems-to-happen,” it also involves serious transmission of values. To ensure sufficient gains, therefore, a transmission of values must be a deliberate initiative, rolled out in a consistent, structured and sustainable manner.
Aren’t you as delighted, to see World and Olympic 800m champion David Rudisha running with his daughter? ….How sweet!!
Imagine, my thoughts now race as I empathise, with the Founders of family-owned businesses [and generally the leading generation in families], many who continue to struggle with how to transmit appropriate values, that enable them succeed for generations in their family businesses. That too, in a manner that ensures the values are internalized and maintained.
Failure in this area, is widely believed, to be at the heart of challenges often encountered with almost predictable frequency among numerous business owning families today, and which denies them the opportunity to transition successfully beyond the founder or even second generations.
Fast forward – we can gather a few lessons on how the values that ensure success, can be transmitted in this often unheard story of David Rudisha the olympic and world 800m champion …..
David Rudisha, here running with daughter at home, is the son of an athletic legend Daniel Rudisha….The Senior Rudisha, his father, was part of Kenya’s grand generation of quartermilers that won the Olympic 4x400m silver in 1968 [along with team-mates Charles Asati, Munyoro Nyamau, & Naftali Bon]. While Davids’ mother, Naomi, was a graceful and outstanding 400m hurdler….
…… Familiar Story!!…….It doesn’t end there…
Daniel, the senior Rudisha, anchored Kenya’s 4×400 silver medal-winning team at the Mexico City games, and upon retiring from sport, become a school teacher and coach. He trained a number of world class Kenyan Athletes including Billy Konchella who went on to win two World Championship gold medals in Rome 1987 and Tokyo 1991. Rudisha senior also trained his son – David Rudisha – and ….is his main influence.
…..you see See!! …..you See!!
And not only did they [Daniel and Naomi] pass this athletic ability on to their son, but Daniel gave invaluable advice says David;
….. “If you go to the track and run by yourself, you don’t know if you’re going to be a winner or a loser because you have nobody to compete with,” he recalls his father telling him.
“So the people you are competing with are actually the ones who make you become a winner, or make you do the best you can. Without them you are nothing and you have to appreciate them.”……..
Transmission of values; while at times the transmission of values “may-just-happen”, however, to ensure sufficient gains,in the transmission of values, the process must be a deliberate initiative, rolled out in a consistent, structured and sustainable manner.
Families must therefore take a deliberate [consistent, structured and sustainable] effort to ensure they adopt values associated with corporate governance in their Family-Owned Businesses. This is the only tried and tested way to enable them tackle the crippling dilemma often experienced by these families-in-business, and which denies them opportunities of successfully transitioning for generation.
..………over to you………
This article first appeared in my linkedin profile