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Managing for Today and Tomorrow

Managing for Today and Tomorrow. Succession Planning Part One Communication Barriers. What are Your Barriers to Communication?. Common Barriers to Communication. Lack of role separation Not an easy topic to discuss Noise and Stress Off-farm heirs and on-farm heirs

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Managing for Today and Tomorrow

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  1. Managing for Today and Tomorrow Succession Planning Part One Communication Barriers

  2. What are Your Barriers to Communication?

  3. Common Barriers to Communication • Lack of role separation • Not an easy topic to discuss • Noise and Stress • Off-farm heirs and on-farm heirs • Generational differences • Personality differences • Gender differences

  4. A Simple Case of Role Separation • Dad has breakfast with the family (family) • Dad drives to work (business) • Dad plays a game of softball after work (personal)

  5. Lack of Role Separation • Dad has breakfast with family, takes 2 phone calls (family and business) • Meets with neighbor/ landlord/hunting friend after breakfast (business and personal) • Has noon meal with his 70 year old parents/ landlords (family and business) • Teaches daughter how to operate new combine (business and family) • Attends 4-H meeting with son in evening as advisor of small engine projects (family, personal and business)

  6. Not An Easy Topic to Discuss • Money • Management • Family differences • Job competency • Disappointments • New Ideas • Hopes for the future • Risk

  7. Noise Encodes Decodes Communication Channel Message Effect SENDER RECEIVER Message Decodes Encodes Feedback

  8. Off-farm Heirs and On-farm Heirs • Off-farm heirs may only get bits and pieces of what is happening within the farm business and begin to draw their own realities. • They often have a very different perception of what it takes to run a farm based on their childhood memories of working along side Mom and Dad. • On-farm heirs may over value their time and inputs to the farm and expect more than what others think they should have. • Big issues: knowledge and perception of fair versus equal.

  9. Generational Definitions

  10. Personality and Gender Differences • Communication style • Listening style • How individuals deal with communication barriers • Working as a part of a team • What is important to an individual

  11. Perry Pam Patrick Perry, Jr. Penny Paul Pete Say NO to Secrecy!

  12. How can we improve family business communication?

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