Desired Capabilities in the Rising Generation Generative families have…

Desired Capabilities in the Rising Generation Generative families have already created a thriving business and extensive wealth. Their expectations for their children are similarly broad. They want their children to be prepared to pursue their own calling or contribute to the family enterprise and to society. From the accounts of family in this study, my research team and I generated a set of desired capabilities ("Cs") that these families' education and development programs aim for: Competence/capability: financial and governance/ownership skills Character: ethical sensitivity Commitment/caring: stewardship; productivity as part of the family; a good partner Connections/community: trust in and personal commitment to each other Collaboration/compromise: ability to work together with give and take Communication/transparency: shared information and understanding of family enterprise Changeability/resilience: ability to adapt and change Curiosity/creativity: ability to seek out and discover novel possibilities

— from True North (Ethics, Integrity, Truth, Values)

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