Effective Family Decision Making With Paul Edelman

Paul Edelman is a coach and facilitator who works with ultra-high-net-worth families, assisting them with conflict resolution, problem-solving, and decision-making. Today, he describes the different models he has developed to help them in this process. Paul also plays a role in the Ultra High Net Worth Institute. He shares some thought-provoking ideas regarding life transitions faced by the older generation when giving up their responsibilities in the family business. Tune in today for proven methods you can learn to work through conflict.
IN THIS EPISODE:
[01:19] Paul talks about decision-making and models we use whether we know it or not. He gives examples of three different models; the zero-sum game, the collaborative decision model, and the explicit model
[10:55] Paul describes his methodology of creating models for conflict resolution and problem-solving
[13:09] The mission of the Ultra High Net Worth Institute is to study affluent families and assesses problems and situations unique to them
[17:55] Paul explains the transient sense of euphoria when coaching an individual and how to guard against that problem
[23:14] Paul shares his methods for training coaches and explains an undifferentiated response and why that invites a differentiating question
[27:23] How and why the designated bad guy is misunderstood
KEY TAKEAWAYS:
Conflicts and problem-solving are different in every situation. Therefore, you should choose the model that best addresses the circumstance.
Someone in a group of decision-makers always takes the opposing opinion to the proposed decision. However, knowing the pros and cons of any situation is valuable. Therefore, it is unfair to label that person as “negative” if they are only taking the issue to a conclusion.
More attention should be focused on the needs and feelings of the older generation when it is their turn to give up the reins and transition out of the business.
RESOURCES:
Beyond the Balance Sheet Website - oconnorpg.com/...
Paul Edelman Coaching Website - www.edelmancoa...
Paul Edelman - LinkedIn - / pauledelman
BIOGRAPHY:
Paul is a coach and facilitator who helps individuals and families be more effective in achieving their goals. Clients use Paul’s expertise to:
• Navigate generational transitions in leadership, ownership, and wealth
• Facilitate planning, problem-solving, decision-making, and conflict resolution
• Create structures and processes to guide individual, business, family growth, and
philanthropy
Paul earned a Ph.D. in Psychology at Harvard University, where his research and teaching focused on group dynamics.