Edited by Ritch L. Sorenson
Chapter 19: Recommendations for building family social capital
Over three forum sessions, family business owners, advisors, and researchers discussed various elements of social capital and developed a common body of knowledge. Participants then met to apply what they had learned to family business. Before the discussion, William (Bill) Monson – a skilled facilitator – provided an overall summary of the forum sessions. Next, the participants made recommendations about developing social capital. Bill’s summary is integrated into these recommendations. Recommendations drawn from the summary and discussion, which was recorded, are provided below. Recommendations are divided into two topics that emerged: (1) how to build social capital in the family; and (2) how to build social capital between the family and the business.
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