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Managing for Today and Tomorrow. Succession Planning Part One Communication Barriers. What are Your Barriers to Communication?. Common Barriers to Communication. Lack of role separation Not an easy topic to discuss Noise and Stress Off-farm heirs and on-farm heirs - PowerPoint PPT Presentation
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Managing for Today and TomorrowSuccession, Business, Estate, and Retirement Planning for Farm and Ranch Women
Succession Planning Part One
Communication Barriers
Managing for Today and Tomorrow
Managing for Today and TomorrowSuccession, Business, Estate, and Retirement Planning for Farm and Ranch Women
What are Your Barriers to Communication?
Managing for Today and TomorrowSuccession, Business, Estate, and Retirement Planning for Farm and Ranch Women
Common Barriers to Communication
• Lack of role separation• Not an easy topic to discuss• Noise and Stress• Off-farm heirs and on-farm heirs• Generational differences• Personality differences• Gender differences
Managing for Today and TomorrowSuccession, Business, Estate, and Retirement Planning for Farm and Ranch Women
A Simple Case of Role Separation• Dad has breakfast
with the family (family)
• Dad drives to work (business)
• Dad plays a game of softball after work (personal)
Managing for Today and TomorrowSuccession, Business, Estate, and Retirement Planning for Farm and Ranch Women
Lack of Role Separation• Dad has breakfast with
family, takes 2 phone calls (family and business)
• Meets with neighbor/ landlord/hunting friend after breakfast (business and personal)
• Has noon meal with his 70 year old parents/ landlords (family and business)
• Teaches daughter how to operate new combine (business and family)
• Attends 4-H meeting with son in evening as advisor of small engine projects (family, personal and business)
Managing for Today and TomorrowSuccession, Business, Estate, and Retirement Planning for Farm and Ranch Women
Not An Easy Topic to Discuss• Money• Management • Family differences• Job competency• Disappointments• New Ideas• Hopes for the future• Risk
Managing for Today and TomorrowSuccession, Business, Estate, and Retirement Planning for Farm and Ranch Women
Message Effect
CommunicationChannel
Encodes
Decodes
SENDER
Decodes
Encodes
RECEIVER
Feedback
Message
Noise
Managing for Today and TomorrowSuccession, Business, Estate, and Retirement Planning for Farm and Ranch Women
Off-farm Heirs and On-farm Heirs• Off-farm heirs may only get bits and pieces of what is
happening within the farm business and begin to draw their own realities.
• They often have a very different perception of what it takes to run a farm based on their childhood memories of working along side Mom and Dad.
• On-farm heirs may over value their time and inputs to the farm and expect more than what others think they should have.
• Big issues: knowledge and perception of fair versus equal.
Managing for Today and TomorrowSuccession, Business, Estate, and Retirement Planning for Farm and Ranch Women
Age Year Titles
65 + 1922 to1945
Veterans(silent, traditionalists, hard workers, formal
communication style, deliberate, no news is good news)
46 - 64 1946 to 1964
Baby Boomers(workaholics, face-to-face communication, diplomatic,
need to feel valued )
31 – 45 1965 to 1980
Generation Xers(entrepreneurs, work life balance, direct &
immediate communication-blunt)
1 - 30 1981 to Present
Nexters(millennials, entrepreneurs, multitasking, work
life balance, communicate through technology)
Generational Definitions
Managing for Today and TomorrowSuccession, Business, Estate, and Retirement Planning for Farm and Ranch Women
Personality and Gender Differences
• Communication style• Listening style• How individuals deal with communication
barriers• Working as a part of a team• What is important to an individual
Managing for Today and TomorrowSuccession, Business, Estate, and Retirement Planning for Farm and Ranch Women
Patrick Penny
PerryPam
Say NO to Secrecy!
Perry, Jr.Pete
Paul
Managing for Today and TomorrowSuccession, Business, Estate, and Retirement Planning for Farm and Ranch Women
How can we improve family business communication?