Dynasty management refers to the strategic approach used by families or organizations to maintain and grow their wealth and influence over multiple generations. This involves careful planning in areas such as investments, estate planning, and governance to ensure that resources are preserved and effectively utilized. Key components of dynasty management include establishing clear family values, creating a governance structure, and engaging in philanthropy. By focusing on education and communication, families can foster a sense of responsibility and unity, helping to prepare future generations for leadership roles within the family business or family foundation.