Stewardship can take many different forms and is shaped by the particular family's values, experiences, traditions, and future vision. A tradition of stewardship influences family behavior by encouraging a balanced and long-term perspective on plans and decisions. They recognize that the goals of family harmony and success of the business often create conflict. The learning goal is to develop process skills to improve their effectiveness in addressing business and personal issues. The shared vision becomes a guide for planning, decision making and action.
Family members work to explore sensitive issues, build trust and take risks.
Learning-family tools and models help the family address continuous changes in their family enterprise. Shareholders and management commit to review performance and strategy on a regular basis. The family shares information and strives to stay current with the best thinking in family enterprise management. It represents a commitment by the family, shareholders and management to operate the business for the long-term benefit of all the stakeholders. The five stages of small business growth.