Family Business Wiki's Town Square

Family Business Wiki's TOWN SQUARE

March 2010 Blog Posts (17)

Beyond the Crystal Ball: Making Good Decisions about Succession and Selection in Family Businesses

“Who is the right person for this key role?”



There are many issues and influences at play when a family business needs to answer this question and many pitfalls to avoid. In some unhappy instances, the judgment of decision makers is clouded by nepotism or favoritism. These are among the most dangerous of the many biases and assumptions that influence decisions, and are often unseen and unacknowledged, with sometimes disastrous results. In this… Continue

Added by Michael Madera on March 29, 2010 at 11:00pm — 2 Comments

Social Media: Build Your Brand, Expand Your Reach





“Tweet, Tweet, Twiddley dee” …



Are these the golden words for Rockin’ Robin or for Twitter??



Social Media is here to stay and your customers are looking for answers to their problems on Twitter, LinkedIn and Facebook. How can these social media sites help build your brand and expand your reach? Savvy businesses recognize that there is a conversation taking place here, and if they are not participating…

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Added by Karen Hopper on March 29, 2010 at 9:43am — No Comments

Family Business: From Genesis To Revelation

Family Business: From Genesis To Revelation (the abridged version)

by Larry D. Hause, J.D.



In the beginning, a founder had an idea and created a business. Nurtured by a clear vision, core values, hard work, steadfast commitment, and burning passion, the business grew and multiplied, adding employees, customers, and… Continue

Added by Larry D Hause on March 28, 2010 at 11:07pm — No Comments

Kids, Wealth and Consequences

I am reading Kids, Wealth, and Consequences: Ensuring a Responsible Financial Future for the Next Generation by Richard A. Morris and Jayne A. Pearl. This book offers insightful information to help with the many facets surrounding wealth. One of the biggest issues parents struggle with is the discussion about the management and…

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Added by Deb Houden on March 26, 2010 at 11:50am — 2 Comments

La sucesión

Empresa Familiar: La sucesión…

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Added by Santiago Eduardo Antognolli on March 25, 2010 at 11:37am — No Comments

DON’T TRY THIS WITHOUT A PROFESSIONAL!

We know the statistics about family businesses; we know about the horrific stories; and we have become pretty good at understanding what the successful ones have in common: shared vision and values; independent board of directors; strategic planning; good communications throughout the family-business-systems, and family cohesion. One structure that is an effective building block for all these…

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Added by Jane Hilburt-Davis on March 25, 2010 at 11:12am — 1 Comment

Emprendimiento en la Empresa Familiar

En las empresas familiares, “emprender” es un verbo que suele tender el puente entre la tradición familiar y el espíritu empresario, algo así como el sello de los herederos de una estirpe dedicada al trabajo, a la producción… y al éxito. Sin embargo, la prueba de fuego para la supervivencia del grupo es el proceso de la sucesión: el gran tema que enfrenta a las generaciones de una familia empresaria.



Cuando hablamos de relevo generacional, habitualmente…

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Added by Guillermo Salazar on March 22, 2010 at 4:29pm — No Comments

Estrategia Financiera en la Empresa Familiar: Endeudarse, Reinvertir, Incorporar Socio o Vender”

Cuando un negocio tiene éxito y está creciendo, es normal que las necesidades de capital también vayan aumentando; adicionalmente y cuando la empresa es de propiedad familiar es muy posible que mayor cantidad de los miembros de la familia se incorporen o ya se hayan incorporado laboralmente o como…

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Added by luis scerpella robinson on March 18, 2010 at 9:30am — No Comments

Husband and wife teams – Challenges and possibilities of copreneurship



HUSBAND AND WIFE TEAMS – CHALLENGES AND POSSIBILITIES OF…

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Added by Asa Bjornberg on March 9, 2010 at 9:00am — No Comments

Factors Contributing to the Longevity of Family Firms

Factors Contributing to the Longevity of Family Firms



A. Bakr Ibrahim



Concordia University, Montreal





The survival rate of family firms beyond the founder’s generation is extremely low. It is estimated that only 30 percent of family businesses survive beyond the first generation and only 10-15 percent survive through the third generation. The popular American…

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Added by Dr. Bakr Ibrahim on March 6, 2010 at 9:30pm — No Comments

Empresa Familiar: De Emprendedor a Empresario

Empresa Familiar: De Emprendedor a Empresario…

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Added by Santiago Eduardo Antognolli on March 6, 2010 at 6:17am — No Comments

What Counts gets Counted: The Application of the Balanced Scorecard to Family Business

What Counts gets Counted: The Application of the Balanced Scorecard to Family Business

Justin Craig and Ken…

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Added by Justin Craig on March 5, 2010 at 2:58pm — No Comments

The Competitive Advantages of Family Firms

The Competitive Advantages of Family Firms

Isabelle Le Breton-Miller & Danny Miller

HEC Montreal and University of Alberta



Much has been written about the unique challenges faced by family firms. They are said to perish after a generation or two, to be short of capital, and to be paternalistic and old fashioned. They are also argued to be plagued by family conflicts and nepotism, and therefore to put family first and financial… Continue

Added by Isabelle Le Breton-Miller on March 5, 2010 at 1:30am — No Comments

The European Commission launches the “family business policy manifesto”

The European Commission launches the “family business policy manifesto”…

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Added by Panikkos Poutziouris on March 4, 2010 at 4:26am — 1 Comment

How does family involvement affect the performance of non-listed firms?

by Salvatore Sciascia & Pietro Mazzola (IULM University, Milan)





Does…

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Added by Salvatore Sciascia on March 3, 2010 at 7:30am — No Comments

Successful Transgenerational Entrepreneurship Practices

Successful Transgenerational Entrepreneurship Practices (STEP)

Rob Nason and Pramodita Sharma…

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Added by Rob Nason on March 2, 2010 at 5:00pm — No Comments

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