Why conscious ownership is critical for future-focused family enterprises
In order to transition their enterprises beyond generations, family businesses must embrace what is known as conscious ownership. To do this, they must move from being conscious operators to conscious owners. We explore how families can deliberately focus on ownership to future-proof their enterprises.

What you need to know

  • To transition their enterprises successfully across generations, today’s business families must move away from being conscious operators and embrace conscious ownership. 
  • In direct response to factors such as family growth and global dispersion, changes in leadership and operation styles, conscious ownership allows the business to think more strategically and intuitively.
  • Conscious ownership also means shifting to having a broader overview of the enterprise, rather than seeking to know the minute details of operations.
Ownership Updated on April 7, 2022

In order to transition their enterprises beyond generations, family businesses must embrace what is known as conscious ownership. To do this, they must move from being conscious operators to conscious owners. We explore how families can deliberately focus on ownership to future-proof their enterprises.

“Whenever one wakes up is his own morning”- An Igbo Proverb:

What is conscious ownership?

Conscious ownership refers to an awakened state in intergenerational business families on three levels:

  1. Their changing priorities over generations
  2. An awareness of the importance of being owners
  3. The scope of the ownership role.

It is often said that “consciousness is the new luxury”. In the context of business families, it refers to a deepened understanding of both the importance and scope of the ownership role.

About the Authors

Nike Anani

Nike Anani

Leadership & next-generation

Building generational bridges in family enterprises to ensure future-focused organisations that leave a lasting legacy.

Connect with Nike Anani

Simple solutions for complex times.