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In this episode, Scott Allen and Jeff Strese discuss the unique context of family-owned businesses, focusing on leadership development, organizational effectiveness, and family dynamics. Jeff, who has 25 years of experience in this field, discusses the concept of "shirt sleeves to shirt sleeves" and how it affects family-owned businesses. He also explains the emergence of Wealth 3.0, which uses positive psychology and emotional intelligence to help younger and older generations understand the value shift.

Jeff stresses the importance of a whole new skill set for family business leaders, including effective onboarding, transparency, best practices, and earning the trust and credibility of the rest of the organization. He also recommends family enterprise programs and clear boundaries when coaching family members. Additionally, Jeff and Scott discuss the difficulty of transferring legacy to the next generation and recommend resources such as the Family Office Exchange.

About Jeff Strese

Jeff Strese is an Organizational Development Consultant and Executive Coach focusing on multi-generational family enterprises, corporations, and mission-driven nonprofit organizations. He has over 25 years of experience working across industries in leadership development, organizational effectiveness, and family dynamics. He holds family wealth and business advising certifications (CFWA, CFBA). Jeff has served as Chief Talent and Learning Officer (CTLO) at Tolleson Wealth Management, a multi-family office serving client families nationwide. Before his role at Tolleson, Jeff served as the Chief Human Resources Officer (CHRO) at Southern Methodist University (SMU).

A Quote From This Episode

"There's been an emergence of something called Wealth 3.0, which is a more positive approach - using positive psychology and emotional intelligence to work with millennials and Gen Z family members. The view of wealth is changing with younger generations, requiring a whole new skill set for leaders and family businesses to understand."

Resources/Authors Mentioned in This Episode

Article - Wealth 3.0: From Fear to Engagement For Families and Advisors
Organization - Family Office Exchange
Articles - McKinsey - Return, Reimagine, Reinvent
Book - The Edge: How to Stand Out by Showing You’re All In (For Emerging Leaders and Those Who Lead Them) by Adam Tarnow and David Morrison
The Creative Act by Rick Rubin
Let’s Go (So We Can Get Back) by Jeff Tweedy
Miracle and Wonder: Conversations with Paul Simon by Gladwell

About Scott J. Allen

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