In September, Comerica Bank pulled together business leaders from the Triad area to discuss issues surrounding succession planning and leadership development.
The conversation started with an inward look. “Self-leadership is the first step. It is hard to lead and encourage and motivate somebody and ask them to do things that either you have not done, or you’re not doing.” said Zach Burick, President and Owner at D.S. Duggins Welding.
Another important key to leadership growth was to turn the dynamic around. Instead of running a company where the family ownership dictates everything, Lou Baldwin, owner and President of The Baldwin Co, focused on what he could do for his employees. “My job is to make their career successful,” he emphasized.
Finally, attendees talked about the importance of knowing your personal long-term goal. For many, this includes wanting to take care of employees, reduce risk and diversify, enough money to live on, family harmony and leaving a legacy in the community,
By aligning goals with actions, business leaders were able to focus their attention and deliver their desired outcomes. This Publisher’s Dinner offered useful tips any leader can use to ensure the longevity of their business.
For a detailed summary of the dinner, download Succession Planning: The Pursuit of Successful Generational Leadership Transition. - PDF (14.9 MB)(PDF, 14 MB)
