Studying human DNA and genetics is important as it helps scientists better understand where humans came from as a species. It can help elucidate the connections between different groups of people and give historians and anthropologists a clearer picture of historic human migration patterns.

In some cases, a person's genome can give clues to his personal ancestry and help him understand his genealogy. Genetic testing has been used to verify or rule out the relatedness of individual persons or populations.

The study of human DNA and genetics can be intellectually fascinating, but it also has plenty of practical applications. From the use of DNA in court cases to the discovery of new therapies for genetic diseases, a thorough understanding of the human genome can have important medical, social, and legal impacts.

The relationships between the family members in business or the partners are quite delicate. Relationships are the driving factor for decision-making. Decision-making drives the organization. In short, the organization is connected to each SELF and every family member.

Business can thrive as long as every family member or partner is heard and made comfortable by understanding their concerns. Each of them has their own mindset, personal vision, and finally their egos – the individual DNAs, which need to be synergized for the longevity of the business.

The family business advisors and the family business consultants on board are well aware of these challenges and accordingly strategize the business. It’s the internal and interpersonal resistances of the shareholders which appear as the roadblocks to the “Speed of Thought” and “Speed to Market” of the business

Such business DNA though it may seem difficult and quite complex to understand is rather quite simple if analyzed in its elemental form.

The DNA elements for making family business last generation:

• Trust: It is very fundamental to ignore and forgive for maintaining healthy relationships. Developing a good level of trust in each other’s capabilities and character is very important
• Space: Each partner needs his/her own space to explore, learn, execute, make mistakes, and analyze the solutions. Create a learning organization, where mistakes are the first learning tools, of a successful multi-generational business
• Communication: Communication with passion by integrating the heart, mind, and soul into a comfortable and pleasant language lays the foundation of a successful family business for generations
• Vision: Personal, family, and business visions should be thoroughly aligned and reviewed periodically

Trust, Space, Communication, and Vision are key elements of the business DNA. Culture, Values, Vision comes from the DNA and get passed on to the business for longevity and success. Healthy DNAs ensure healthy family businesses for generations.

The family business advisors and family business consultants assist in understanding the family business DNA in detail.