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…Continue
Added by Salo Grabinsky,MScIE, MBA on June 29, 2014 at 2:47pm — No Comments
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…Continue
Added by Prof. Dr. Philipp Sieger on June 29, 2014 at 2:40pm — No Comments
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…Continue
Added by Kim Schneider Malek on June 21, 2014 at 11:00am — No Comments
Added by Deb Houden on June 19, 2014 at 6:46pm — No Comments
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…Continue
Added by Grant D Goodvin on June 16, 2014 at 2:40pm — No Comments
Added by Patricia Angus on June 4, 2014 at 3:58pm — No Comments