Family Business Wiki's Town Square

Family Business Wiki's TOWN SQUARE

March 2011 Blog Posts (6)

The Code of the Reflective Listener

“Send reinforcements, we’re going to advance!”



How more clearly, could the General have worded his message to the Troops? Alas, by the time it went from the Officers through the long chain of command to the Diggers and reached the four thousandth five hundred and first person, at the end of the line, it came out as:  “ Send three and fourpence, we’re going to a dance!”



The following simple sentence can be punctuated in several different…

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Added by Angelo Coco on March 28, 2011 at 9:00pm — 1 Comment

The Challenge to "Become Valuable"

“Dave, are you an asset or are you a liability?” a friend once asked. I was home from college during a break, talking with him about my walk-on status on the college basketball team. I immediately got defensive. “Of course I am valuable to the team,” I reassured myself. “I work hard, and I show up everyday.” My basketball career eventually ended, yet I still reflect on his question. Working hard and showing up are not enough to constitute value in the working world, and they shouldn’t be…

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Added by Dave Specht on March 13, 2011 at 10:30pm — No Comments

Entropy in Family Business

What is entropy anyway, in everyday language? Purely a mathematical contrivance, or something of broader, even philosophical significance? Is entropy good or bad? Should anyone care?

 

“en.tro.py. (1) a measure of a system’s capacity to undergo spontaneous change.

(2) a measure of the disorder in a system.

-Webster II, New Riverside University Dictionary"…

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Added by Ron Norelli on March 7, 2011 at 10:59am — 1 Comment

Family Commitment Yields Transition Success

My dentist used to have a sign on his ceiling so you’d see when he tilted the chair back.  “The dentist can’t do what the patient won’t do,” it said.  Unless you practice basic oral hygiene and listen to your dentist’s advice, was the message, I ultimately can’t save your gums and teeth.

 

And so it is with family business consultants and their clients.  A client hires us with the desire to deal with a problem, ease pain or to prepare for transition.  The consultant gathers…

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Added by Craig E. Aronoff, Ph.D. on March 3, 2011 at 9:30pm — No Comments

Family Employment and Compensation

Family Employment

by Carmen Bianchi

Carmen Bianchi Family Business Associates

www.familybizconsulting.com

cbianchi@familybizconsulting.com

 

 

One of the greatest contentious issues in a family business is how does one goes about employing family members and how…

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Added by Carmen Bianchi on March 2, 2011 at 10:03pm — No Comments

Lessons for Family Businesses: Co-Leadership, By Jane Hilburt-Davis & Karen Vinton

Succession planning and the question “who’s best to lead the next generation?” is always a challenge for family businesses.  However, many businesses (family and non-family) have decided that a  co-leadership (i.e. selecting family members to run the business together) model works best.  We had the opportunity to try co-leadership during our term as President and Vice-President of FFI.  Here are a few things we learned that contributed to our successful…

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Added by Jane Hilburt-Davis on March 1, 2011 at 9:39am — No Comments

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