Family Values and Purpose – the key ingredients in fostering talent in your Family Business
On 4th May the National Centre for Family Business hosted its first event of the year, providing attendees with insights on how family values and purpose are the key ingredients in fostering talent in your Family Business and to the longevity and success of the Family Business.
Building on the Centre’s webinar launch of “Surviving a Crisis as a Family Business” on 25/01/2021, this conference focused on sourcing and retaining talent within a Family Businesses.
Dr. Eric Clinton, Director, DCU National Centre for Family Business was delighted to welcome
- Professor David Collings, Professor of Human Resource Management and Associate Dean for Research, DCU
- Rebecca Harrison, Managing Director, Fishers of Newtownmountkennedy Ltd
- Denis Doolan, Strategic Head of Inclusion and Diversity, AIB
- Dr. Catherine Faherty, Assistant Professor in Enterprise, DCU
Eric spoke with Catherine about her research “Surviving a Crisis as a Family Business.” The research found that in general employees of family businesses displayed loyalty and dedication throughout the pandemic. Strong and committed employees positively contribute to the long term health and sustainability of Family Businesses in Ireland. Fostering talent is key to surviving and thriving in the long term.
Professor David Collings, gave us an insight into how putting purpose at the centre of your people strategy is critical for the future of fostering talent in your family business. The pandemic has been a cruel reminder to businesses everywhere of how important it is to never take healthy or motivated employees for granted. What employees crave few businesses offer. Professor Collings advised attendees to consider
- How does organisational purpose translate into EVP?
- What core values underpin purpose?
- How are those values lived and rewarded?
Becci Harrison spoke about her 2nd Generation family business, Becci is Managing Director of family-run Fishers of Newtownmountkennedy Ltd, Boutique Department Store founded in 1979. She also launched Food at Fishers Ltd in 2013, an award-winning café, both located in the heart of county Wicklow. Becci spoke about how has dealt with running a retail business through the pandemic and beyond.
We were also joined by Denis Doolan, Strategic Head of Inclusion & Diversity, AIB. Denis is a graduate of DCU. Denis has over 25 years’ experience in national, international and global roles, connecting teams with strategic initiatives to drive alignment, engagement, action and results. A highly versatile leader, his track record spans strategic planning and implementation, in-house and consultancy roles, operational management, people leadership and C-suite and Boardroom engagement. Denis spoke about how business values are not always explicit, yet they have a big impact on company culture and the way a business operates. Denis also spoke about determining purpose in a business and how to re-purpose that when you are in business a long time.
The webinar can be viewed in full here: https://bit.ly/39pB9TK
Sincere thanks to NCFB’s partner AIB in presenting this webinar and to Stephen Bergin, SB Videobase for producing the webinar.