Family Business Wiki's Town Square

Family Business Wiki's TOWN SQUARE

May 2010 Blog Posts (7)

Is “Innovative” Family Business an Oxymoron?





Many family owned businesses are focusing their attention on new growth opportunities. One reason for this is the recent downturn in the global economy that has caused a decline in revenues for most family businesses.

Another reason is that many of today’s family businesses were started in industries that were emerging and developing in the post-World War II economy. Today, many of these industries are mature. Sales across the industry have flattened or…

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Added by Paul Mudde on May 29, 2010 at 11:53am — No Comments

Succession

A traditional estate or succession plan for a family or closely held business should encompass and be part of the estate plan, the financial plan, and the strategic plan. Every closely held and family business company should have an exit strategy-What is yours?…

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Added by Carmen Bianchi on May 29, 2010 at 9:30am — No Comments

When Dementia Becomes the Silent Partner in a Family Business

Recently I overheard two family business consultants discussing the all-too-common situation of an 81-year-old business patriarch who was sabotaging a carefully-crafted succession plan. The man would agree in family meetings to gradually transfer control of the business to his middle daughter, a capable woman who had worked hard to build credibility among both the executive team and the assembly workers on the factory floor. Then days or weeks later, Dad would storm into the company and… Continue

Added by Jim Grubman on May 28, 2010 at 9:00am — No Comments

Do we ask the right question?

Considerable time and talent is spent working to protect and develop family businesses and celebrating the success of second, third and longer generations of families “in the business”. But as I approach the end of my reading in the certificate program for Family Business Advisor I find myself wondering if we ask often enough “should the…

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Added by Peter Brown on May 27, 2010 at 8:00am — No Comments

Family Business in Latin America (Part 2 and finale)

A second hub for family business studies in the region emerged in Mexico in the form of research and training centers affiliated with institutions of higher learning such as the Centro de Desarrollo de la Empresa Familiar family business development center at the Instituto Tecnológico Autónomo de México (CEDEF), created to fill the knowledge gap and address the lack of support in the field; CEFAM at Tecnológico de Monterrey, whose mission is to foster entrepreneurship among business-owning… Continue

Added by Guillermo Salazar on May 21, 2010 at 9:45pm — No Comments

The Power of Peers

I have had the pleasure of working with one of our Next Gen peer groups in the Vermont Family Business Initiative…

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Added by Dann Van Der Vliet on May 11, 2010 at 9:00am — 2 Comments

Family Business in Latin America (Part 1)

Most of the family business concepts we discuss originated in the U.S., so it might be surprising to learn that one of the first basic family business model development laboratories was Latin American. It…

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Added by Guillermo Salazar on May 2, 2010 at 8:06pm — 1 Comment

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