<p>In October, Juliet Chung of the Wall Street Journal wrote a piece titled "Wealthy Families Are Writing Mission Statements to Avoid Fights, Lost Fortunes."  If no family – happy or unhappy– is simple, what does it mean for a family to be intentional? Today on the Owner's Box, the power and limitations of a family mission statement, and what lessons are worth mining from multi-generational family business owners. </p>

In October, Juliet Chung of the Wall Street Journal wrote a piece titled "Wealthy Families Are Writing Mission Statements to Avoid Fights, Lost Fortunes." If no family – happy or unhappy– is simple, what does it mean for a family to be intentional? Today on the Owner's Box, the power and limitations of a family mission statement, and what lessons are worth mining from multi-generational family business owners.

Tactics from the Owner's Box: The Family Mission Statement

What does it mean to be a strategic owner? How might it matter if something is owned in the public market or, by a founder or family? What about the time horizon, and what does it mean to say you are invested for the long term? Beyond a single business’ success, do the patterns of ownership of businesses across the country make a difference in the ways these businesses run, whether mom-and-pop shops or multi-national corporations? 
These hidden patterns of ownership are an invisible current with implications on the products we buy, the companies we work at, and the communities we live in. This podcast, “The Owner’s Box” is about telling that story.

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What does it mean to be a strategic owner? How might it matter if something is owned in the public market or, by a founder or family? What about the time horizon, and what does it mean to say you are invested for the long term? Beyond a single business’ success, do the patterns of ownership of businesses across the country make a difference in the ways these businesses run, whether mom-and-pop shops or multi-national corporations? These hidden patterns of ownership are an invisible current with implications on the products we buy, the companies we work at, and the communities we live in. This podcast, “The Owner’s Box” is about telling that story.

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Tactics from the Owner's Box: The Family Mission Statement

Tactics from the Owner's Box: The Family Mission Statement

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