What are Peer Affinity Groups?
Confidential groups of 6-10 family business members, in similar corporate family roles, meeting monthly to discuss matters of business, family and personal interest. The Center for Family Business's affinity groups are peer groups that meet regularly, allowing members to share experiences and learn from each other.
Affinity members have an opportunity to:
Peer Affinity Groups provide:
Principles of a Successful Peer Affinity Group:
Current Peer Affinity Group Descriptions:
Owners/CEO's: This group consists of business owners contemplating issues such as retirement and succession planning. Members are usually preparing to leave the day to day operation of their businesses to the next generation. Often, a major concern is communicating their plans and desires to their successors while contemplating financial and lifestyle changes that will take place in retirement. Members address issues surrounding preparing the next generation for leadership roles and protecting their interests in the company business.
Young Leaders: This group is preparing to assume leadership roles in their family businesses. They are committed to preparing themselves to take over from the senior generation. They face obstacles such as gaining the respect of company employees loyal to the senior generation, negotiating with siblings or cousins on ownership issues, and preparing themselves to be competent leaders. In addition, many are struggling with convincing the senior generation that they are capable of leading.
Women's Peer Affinity Group: This group consists of women in key management roles in their family businesses. Many handle demanding positions within their companies, while meeting the changing needs of their families. Group members share issues confronted by the growing number of women holding key positions in industries more traditionally dominated by men. They also struggle to balance their more traditional roles within the family with their leadership responsibilities in their businesses.