Does Your Family Business Have a Mission Statement?

It has been told to Family Businesses that your mission statement is the key to building unity and is effective for communication. When you have to make decisions, you can refer to the values stated in the mission statement to help you. When there’s conflict, both sides can refer to the mission statement to help resolve it. Developing and living by a family mission statement is the first step to building a family business from the inside out.

Stephen Covey has helped many families craft their family mission statement. In 7 Habits of Highly Effective Families, he shared the importance of writing a family mission statement. Covey said, “A family mission statement is a combined, unified expression from all family members of what your family is all about, what it is you really want to do and be, and the principles you choose to govern your family life.”

The Center for Family Business’ mission statement is: “The mission of the Center for Family Business is to educate and assist family businesses in Southern California to grow and prosper, and to keep harmony in the family.  We provide an environment in which leaders of family businesses can regularly unite to share, communicate, and learn in a trusting, safe, and empowering atmosphere.  We strive to be considered the leader in family business education, consulting, guidance, and coaching throughout Southern California.”

Share your family mission statement with us at: cfb@fullerton.edu, we would love to hear it!

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About csuffamilybusiness

In 1995 Cal State Fullerton, the third largest business school in the nation, formed the Center for Family Business to assist family businesses in recognizing their common problems and in finding solutions to the unique issues that confront them. The Center's mission is to use education to help family businesses in our region grow and prosper and to keep harmony in the family.
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