The world is currently experiencing the largest wealth transfer in history, valued at $68 trillion, as Baby Boomers retire and pass on their wealth, including family businesses, to Millennials and Generation Z. However, statistics show that 70% of family businesses fail or are sold before the second generation, with only 10% surviving until the third generation.
Recognizing the crucial need for training and coaching to ensure successful transitions, Dr. Doug Gray, a Leadership Consultant and Executive Coach, founded Action Learning Associates in 1997. With a focus on strengthening family Business leaders, Dr. Gray provides a range of consulting and coaching services to both groups and individuals.
Having worked with over ten thousand business leaders across various sectors, Dr. Gray emphasizes the importance of developing next-generation leaders through his Assess Next Gen™ 360 Leadership Process and Next Gen Peer Group Programs. With a background in psychology and organizational leadership, Dr. Gray applies Systems Thinking to navigate the complex relationships within family enterprises.
As an advocate for team-based success, Dr. Gray draws on his experiences in adventure racing and leadership development to support family business leaders in preparing for the future. His expertise and tools aim to connect, decrease conflict, and increase communication among like-minded leaders, ensuring a sustainable legacy for family businesses.
For media inquiries, please contact Dr. Doug Gray at doug@action-learning.com.
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