Family Business Wiki's Town Square

Family Business Wiki's TOWN SQUARE

June 2014 Blog Posts (6)

The peculiar new generation

There have been numerous studies  by specialists dissecting the post World War II “baby boomers”, and the successive new comers in the second half of last century. From the hippies, Vietnam war protesters, generation X, Y and all the other  letters so I have  nothing else to add on that subject.

However starting with  the new Millennium and at least in my practice in Mexico and Latin America plus a few U.S. Hispanic owned family businesses,  my own family and numerous young sons and…

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Added by Salo Grabinsky,MScIE, MBA on June 29, 2014 at 2:47pm — No Comments

Non-family employees in family firms: How to make them act entrepreneurially?

A main factor for the long-term success of family firms is entrepreneurial non-family employees. But a perennial and still unanswered question is: how can family firms make their non-family employees behave entrepreneurially, meaning that they recognize and explore entrepreneurial opportunities, that they develop and implement new ideas? That they think and act as if it would be “their” company?

One might intuitively think of making those employees actual co-owners of the family firm…

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Added by Prof. Dr. Philipp Sieger on June 29, 2014 at 2:40pm — No Comments

Unique Entrepreneurial, Innovative, and Creative Characteristics Found in Continuity-Oriented Enterprising Families

Entrepreneurship, innovation, and creativity! 

Colleges, universities, trade associations, speakers, authors, media, coaches, advisors, and peer groups such as Entrepreneurs Organization, Vistage, and Young Presidents Organization all endorse the positive impact of entrepreneurial, innovative, and creative values and practices.   Competitive advantage in today’s market place relies on it.

For many years, multigenerational business owners resisted considering their…

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Added by Kim Schneider Malek on June 21, 2014 at 11:00am — No Comments

Getting Back to Center

We work with our clients to help them with change, with whatever the change may be. It could be succession, it could be wealth planning, it could be cultivating leadership -- whatever it is, it is change. When change is introduced, regardless of what that modification may be, emotions are heightened. The intensity can skew positive (excitement) or negative (dread), but either way, the automatic tendency for people in such situations is to become reactive to other family members and to other… Continue

Added by Deb Houden on June 19, 2014 at 6:46pm — No Comments

Confronting the Fair and Equal Dilemma for Families in Business

One of the challenges facing the senior generation (generally the parents) for families in business is how to be fair to younger generations (generally the children and their spouses) in distribution of the estate.  Families in business typically own various assets, ranging from highly liquid personal accounts to real estate and family business stock.  The equal division of personal accounts can generally be accomplished without dissension in the family.  However, even an equal distribution…

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Added by Grant D Goodvin on June 16, 2014 at 2:40pm — No Comments

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