There is much speculation about how society will change following the ultimate resolution of the COVID-19 crisis. Call me a skeptic, but I am not convinced that is how humans actually change their behavior.
Instead, I would argue that this virus is hopefully the final nail in the coffin in this era of human history and how we govern and manage society.
Obviously, the world has changed a lot in the last few weeks. Because there are so many moving pieces currently, I thought it worthwhile to summarize at a high level where markets are currently and what is going on.
The mentality of “if you aren’t the best, you are the worst because its you” can help serve as an Occam’s Razor for families as they evaluate various paths of action.
We look at the three hardest things for family enterprises to do and why the study of complex adaptive systems gives us insight into them.
“The beginning of wisdom is the definition of terms.”
Because of all the constituents in a family business, there are often times so many dimensions at play in any matter that dissecting what is actually occurring is incredibly challenging. Instead, models like the Three Circles, Four Rooms and Five Capitals arm us with a set of lens by which one can interpret the circumstances presented.