Maximizing Talent in a Family Business

Abstract

In Chapter 3 we discussed the three stages of employment—experimentation, entry, and expansion. Career development and the maximizing of one’s talents are most concerned with the third stage, expansion. By the time they have reached the expansion stage, young leadership candidates have held summer jobs or internships in the family business, have gone to college, have several years’ worth of outside work experience, and have moved successfully into responsible jobs in the family firm. They have committed themselves to making their career in the family business and to being on a track where they can eventually be considered for senior management positions and even, perhaps, for the CEO role.