with Jeff Strese
In this episode, Scott Allen and Jeff Strese discuss the unique context of family-owned businesses, focusing on leadership development, organizational effectiveness, and family dynamics. Jeff, who has 25 years of experience in this field, discusses the concept of “shirt sleeves to shirt sleeves” and how it affects family-owned businesses. He also explains the emergence of Wealth 3.0, which uses positive psychology and emotional intelligence to help younger and older generations understand the value shift.
Jeff stresses the importance of a whole new skill set for family business leaders, including effective onboarding, transparency, best practices, and earning the trust and credibility of the rest of the organization. He also recommends family enterprise programs and clear boundaries when coaching family members. Additionally, Jeff and Scott discuss the difficulty of transferring legacy to the next generation and recommend resources such as the Family Office Exchange.
“There’s been an emergence of something called Wealth 3.0, which is a more positive approach – using positive psychology and emotional intelligence to work with millennials and Gen Z family members. The view of wealth is changing with younger generations, requiring a whole new skill set for leaders and family businesses to understand.”
About Jeff Strese
Jeff Strese is an Organizational Development Consultant and Executive Coach focusing on multi-generational family enterprises, corporations, and mission-driven nonprofit organizations. He has over 25 years of experience working across industries in leadership development, organizational effectiveness, and family dynamics. He holds family wealth and business advising certifications (CFWA, CFBA). Jeff has served as Chief Talent and Learning Officer (CTLO) at Tolleson Wealth Management, a multi-family office serving client families nationwide. Before his role at Tolleson, Jeff served as the Chief Human Resources Officer (CHRO) at Southern Methodist University (SMU).
Host Scott J. Allen
Scott J. Allen, Ph.D., is the Standard Products—Dr. James S. Reid Chair in Management at John Carroll University. He is an associate professor and teaches courses in leadership, management skills, and executive communication. He is also a communications coach, consultant, author, podcast host, and entrepreneur. For almost two decades, he’s worked with clients to improve their leadership and communication skills. Learn more about Scott here.
Phronesis: Practical Wisdom for Leaders offers a smart, fast-paced discussion on all things leadership. Scott and his expert guests cover timely, relevant topics and incorporate practical tips designed to help you make a difference in how you lead and live. Phronesis is the official podcast of the International Leadership Association.