12. LFiB Family Business_Breach of Trust

Описание: Short #12. Leading Families in Business Programme Gathering - Oct 2025 _
LFiB Family Business _Breach of Trust
Family Values & the Entrepreneurial Mindset Panel Discussion
Hosted by Bobby Kerr News Talk Down to Business Broadcaster,
Entrepreneur and former co-owner and Chairman/CEO of Insomnia Coffee.
Panelists include:
Tom Roche Chair, Roche Family Council Honorary President NTR plc
Enda O’Coineen Chair Business Post Group Entrepreneur & Adventurer
Elaina Fitzgerald Kane Director Woodlands House Hotel
@RedDoor_LFiB

RedDoor LFiB Programme Details
https://www.reddoor.ie/

Family businesses are the backbone of the Irish economy. c. 64% of Irish Business are Family Businesses employing c.938,000 people. Only 30% of family businesses make it to second generation. 10 – 15% make it to Gen 3. 3–5% make it to Gen 4
If nothing changes ....... then nothing changes.

In the most recent surveys, 84% of these Irish Family Businesses reported sales growth, outpacing global peers. Those are impressive numbers—but they don’t happen by chance. Heritage matters, of course: values passed down, reputations earned, and a name above the door that carries weight in the community. Yet legacy alone does not drive growth. What turns heritage into momentum is an entrepreneurial mindset—a practical way of looking at the world and making decisions that renews the business while staying true to its character.

WHAT DO WE MEAN BY “ENTREPRENEURIAL MINDSET”?
It is not simply the urge to start new ventures. It is a habit of spotting opportunities early, testing ideas quickly and cheaply, and adjusting as the facts change.
Families who think this way tend to:
• notice shifts in customer needs, technology and market patterns;
• run small, low-risk trials instead of big-bang launches;
• put learning ahead of ego; and
• balance optimism with realism—confident about the future, yet resilient when setbacks occur. Importantly, this mindset operates at three levels: in individual leaders, in cross-functional teams, and in the systems of governance, incentives and culture that support them.

WHY IT MATTERS SO MUCH IN FAMILY FIRMS?
Long-term orientation - Listed companies often fixate on quarterly results.
Families usually plan in decades. That patient capital becomes a competitive advantage when it funds steady experimentation and skills that compound over time.
Trust as strategic capital - Many family firms enjoy high interpersonal trust
and streamlined decision-making. Trust lowers the cost of trying new ideas and shortens the loop from concept to real-world feedback.
Identity and purpose - Family businesses often have a clear “why”: stewardship, reputation, service to place.
An entrepreneurial mindset links that purpose to innovation, creating authenticity that stands out in crowded markets.

Prof Raomal Perera
Adjunct Professor of Entrepreneurship at INSEAD and also
teaches at UCD, TU Dublin and IADT