"Thank you so much for having me! I learned so much in that one Women in Family Business event and have already been implementing my power pose, digital detoxing, active listening, and really trying to make that personal connection with everyone I meet!"
Affinity groups consist of people who share similarities and interests. Affinity Groups meet several times throughout the year. Opportunities for networking are included in all meetings. These Affinity Groups are open only to family-owned business members except for the Woman in Family Business which is open to all and the open Next Gen program that happens once a year.
Peer Advisory Groups at the Institute for Family-Owned Business (IFOB)
Providing the opportunity for more in depth learning
What are Peer Advisory Groups?
Peer advisory groups are small, confidential discussion groups of about 8-10 members that meet regularly and are facilitated. The Executive groups are led facilitators Maureen Costello Wedge, Anne Hussey and Colleen McCracken from Guad Group and the Senior group is led by Priscilla Hansen Mahoney of Blazing Trails Coaching. The groups allow individuals to share experiences and learn from each other in a safe and open environment. These groups are for those actively working in a family business or who are interested in joining the family business, are IFOB members and in non-competing businesses. Ideally, only one member of a family will be in each peer group.
Members explore family business subjects of mutual interest, provide accountability and feedback, define issues of importance for each member, and discuss what to do (and not to do) in day-to-day interactions among family, owners, employees, and board members in order to make family leadership a competitive advantage.
Relevant topics developed by the groups might be around relationships and negotiation with siblings and/or cousins and parents, facing obstacles such as gaining respect of company employees, and deciding what career path is a good match for their skills. Other topics could include long term goals and weighing the pluses and minuses of working in the family business. All discussions are held in the strictest confidence and a confidentially agreement is signed at the start of each year.
Below is a breakdown of the groups based on levels of experience in a family business.
- NEXT GERNERATION: Senior - This group is made up of Next Generation members who are working at the mid-management responsibility level in their company i.e. department managers / area managers.
- NEXT GENERATION: Executive I - Next generation members who are working at the top management levels within their company i.e. Vice President, President, CEO, CFO levels.
- NEXT GENERATION: Executive II - Recently we added another Executive group for next generation members who are working at the top management levels within their company i.e. Vice President, President, CEO, CFO levels.
If you’d like to join this peer advisory group, please contact Catherine Wygant Fossett, Executive Director at firstname.lastname@example.org or 207.798.2667.
Our mailing address is Post Office Box 3364, Portland, Maine 04104.
Colleen McCracken, CEO, Planet Dog and IFOB advisory board chair and
Maddy Corson, IFOB advisory board member. Planning session for Women in
Family Business Affinity Group