Paul Andrews is joined by Stephen Bamfylde for an insight on building an outstanding leadership team comprising family and external talent.
A significant challenge facing family businesses is knowing when and how to bring in external talent while developing internal family members. There is nuance required to find both the right skillset and the right fit for the culture and ethos of the business and it takes confidence for a business to acknowledge when a candidates might not be a good hire, based purely on the latter.
For family members within the business it is important there is a clear pathway for development as well as scope for honest conversations along the way about when external hires might be needed.
Saxton Bampfylde have long worked with family businesses on external appointments and their founder Stephen Bampfylde will lead a session on how he has seen this work well in partnership with talent within the family, the importance of on-boarding and how businesses can articulate their culture and approach to prospective candidates.