Second Generation Family Ownership: The Lefton Siblings Take the Helm of Psychological Associates
65 years ago, Drs. Victor Buzzotta and Robert Lefton formed Psychological Associates. Together, they created the Dimensional Model of Behavior, helped countless leaders and organizations, and made a name for themselves in the fields of leadership consulting and industrial/organizational psychology. But as years pass, organizations and generations change. While the legacy of our founders is […]
3 Common Challenges Faced By Family Businesses, and How to Rise Above
Throughout history, family has proven to be the foundation for some of the world’s most successful businesses. Household names like Wal-Mart, Ford, Phillips 66, Nike, Samsung, and countless others got their start as family businesses, and many remain family-owned to this day. But for every successful business built on familial love and trust, there are […]
Psychological Associates Launches Succession Readiness Survey
Psychological Associates is excited to unveil our newest succession planning tool — the Succession Readiness Survey! By answering a series of short, research-driven questions, the Succession Readiness Survey will allow you to determine where your organization stands, should there be any sudden changes in key leadership roles. While 98% of organizations recognize that succession planning is […]
Succession Planning: Beyond the C-Suite
It’s that time of year again — a time of resolutions, new beginnings, and looking toward the future. Whether this year marks your company’s first year in business or your hundredth anniversary, nobody knows exactly what the future holds. That’s all the more reason to prepare for predictable changes, and strengthen your organization against unforeseen […]
Invest in Your Talent Before They Retire
You can almost see it happening. As if focused on an invisible countdown, employees seem to become more preoccupied with planning for retirement right around the time they turn 50. As they begin to concentrate on the golden years ahead, many pre-retirees decrease involvement with their current work, check out of their workplace relationships, and […]
Succession Planning Presentation at Regional Chamber: Steve Got Hit by a Bus. Now What?
This Thursday, November 8, Psychological Associates is excited to partner with the St. Louis Regional Chamber’s Connect At Breakfast Series for a discussion on the value of succession planning. Steve Got Hit By a Bus… Now What?! What would happen if a key leader at your company walked out the door and was hit by […]
Psychological Associates to Present on Succession Planning
Psychological Associates is pleased to present on the value of succession planning at the 2018 Metro St. Louis Business Owners Summit. The one-day event will be held Thursday, September 27 at the Renaissance St. Louis Airport. Steve Got Hit By a Bus … Now What?!? If an essential leader at your organization was hit by bus tomorrow, […]
5 Reasons You Need A Succession Plan
Why is Succession Planning Important? One of the most disruptive things that can happen to a company is the sudden need to replace a leader. A CEO Succession Planning Survey from Heidrick & Struggles and Stanford University found that more than half of companies today cannot immediately name a successor to their CEO should the […]
Succession Planning for Future Success
Your organization may have a great top team in place. But continued success is not guaranteed. You never know when your C-Suite will be hit with an unexpected retirement or resignation. Proactive succession planning means your organization is prepared for not just future challenges, but for future growth as well. Begin With the End in […]
The Ties That Bind
Families are complicated. Business can be challenging. And when you put the two together, you may get more than you bargained for. When young entrepreneurs start a business, they often dream of passing that business down to their children. The idea of generations working side by side, enriching the family coffers and deepening their relationship […]