Building a Thriving Family Culture with Andrew Doust

08/30/24 • 64 min

Unlocking Cultural Agility with Marco Blankenburgh

How do you create a thriving family culture amidst family tension and succession planning?
Join us as we explore this pressing question with Andrew Doust, founder of Plenitude Partners. In this insightful episode, we uncover the intricate web of challenges and opportunities that wealthy families face in balancing relational and emotional dynamics amidst significant financial success. Andrew takes us through his transformative journey from working in a family office to focusing on the importance of strategic planning for family flourishing, underscoring the critical role of healthy communication and emotional intelligence.
Dive deep into the heart of generational wealth transfer complexities with us, where we discuss the necessity of equipping younger generations to manage and sustain impactful legacies. Learn about the tension that arises when third and fourth generations' aspirations differ from those of the founders, and discover how fostering contentment and meaningful relationships can alleviate these pressures. Andrew shares practical tools like The Three Colors of Worldview and emotional intelligence profiling, which can enhance empathy and self-awareness, helping families cultivate a positive culture.
Finally, we examine the significance of family governance and succession planning, employing psychometric and culture-o-metric tools to understand individual strengths and identities. Explore the cultural tensions faced by families when younger generations return from Western education systems. See how aligning business operations with the families' culture and goals can ensure a sustainable future. By shifting the focus from mere financial success to personal growth and empowerment, families can create environments where each member thrives independently, ultimately enhancing their collective impact on the world. Don't miss this episode filled with transformative insights and real-life examples of navigating the ever-evolving landscape of family wealth and legacy.
| In this episode, you will learn:
-- How to cultivate healthy family cultures
-- How to shift the focus away from mere financial success to personal growth and empowerment.
-- How to identify and name the sources of familial tension and how fostering contentment and meaningful relationships can alleviate these pressures.
| Learn More about:
-- Bridging the Gap: Navigating Generational Culture in Family Dynamics (http://kwx.fyi/generational)
-- How to Have Better Conversations (http://kwx.fyi/better-conversations)
-- Creating the “Multiplier Effect” on Your Team (http://kwx.fyi/multiplier-effect)

-- Looking for a book to take your cultural agility to the next step, check out the Ultimate Intercultural Question Book brought to you by KnowledgeWorkx.com

Send us a text

-- Looking for a book to take your cultural agility to the next step, check out the Ultimate Intercultural Question Book brought to you by KnowledgeWorkx.com

Previous Episode

The Three Colors of Worldview: Applying the Cultural Drivers (part 2)

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How can you truly appreciate, honor, and empower diverse perspectives? By understanding and applying the Three Colors of Worldview, you can develop intercultural agility and recognize individual uniqueness.
In this 2nd episode of the Three Colors of Worldview series, we clarify its purpose and emphasize the importance of not misusing it to stereotype regions or cultures. By stretching beyond natural preferences, one can foster a richer comprehension of different cultural patterns and enhance interactions and relationships.
Discover real-world applications of the Three Colors of Worldview in leadership, trust-based selling, and effective communication. We delve into examples and insights that illustrate how intercultural coaching and high-performing teams can be cultivated, ultimately creating a cohesive organizational culture.
Take the Three Colors of Worldview Assessment at interculturalagility.com/assessments
| In this episode, you will learn:

How to apply the Three Colors of Worldview Discovery Tool
How to use the Three Colors to create a cohesive organizational culture
How to be playful with the Three Colors to cultivate relationships with everyone you interact with.

| Read More about:

-- Looking for a book to take your cultural agility to the next step, check out the Ultimate Intercultural Question Book brought to you by KnowledgeWorkx.com

Next Episode

Enhancing Team Effectiveness Globally | Part 1 with Linda Berlot

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Discover the secrets to applying cultural agility successfully on teams with our esteemed guest, Linda Berlot, whose 20 years of living in Dubai and working across various countries have uniquely positioned her to identify and bridge cultural differences. Linda's rich tapestry of experiences reveals how intercultural agility can transform team miscommunication into curiosity and mutual understanding, ultimately enhancing collaboration and effectiveness.
Navigate the complexities of diversity, equity, inclusion, and belonging in a global context with us. We contrast problem-centric and relationship-centric cultural approaches, shedding light on the challenges and strategies for fostering healthy organizational cultures. Embrace a cultural learner mindset with insights into balancing direct and indirect communication styles, and discover the significance of creating a "third cultural space" for collaborative delivery.
Learn how to apply a "think local, act global" approach and avoid the pitfalls of imposing solutions across different cultural contexts. With rapid technological changes, we underscore the irreplaceable value of human skills like empathy, creativity, and relationship-building. Equip yourself and your team to navigate change effectively while fostering a culture of curiosity and mutual respect.
| In this episode, you will learn:
-- The art of cultural agility and its impact on team dynamics and collaboration.
-- Practical tools offer a roadmap for navigating the complexities of diversity, equity, inclusion, and belonging in a global context.
-- How teams can unlock their full potential and create a more inclusive and effective working environment.
| Learn More about:
-- How to Have Better Conversations (http://kwx.fyi/better-conversations)
-- Creating the “Multiplier Effect” on Your Team (http://kwx.fyi/multiplier-effect)

-- Looking for a book to take your cultural agility to the next step, check out the Ultimate Intercultural Question Book brought to you by KnowledgeWorkx.com

Unlocking Cultural Agility with Marco Blankenburgh - Building a Thriving Family Culture with Andrew Doust

Transcript

Andrew Doust00:00:00.240

If you think about the assets that have been transitioned from one generation to the next , depending on the report , there's up to $15 trillion worth of wealth transitioning from one generation to the next over 10 , 15 years into the hands , I would say , mostly of people who are unprepared for it . And so , if we think that is true , that even if it's a fraction of that tra