Over dinner recently, several members of the Wake Forest University Family Business Center and I were introduced to the concept of ADR by Judge Ben Tennille, Chief Judge of the North Carolina Business Court. A little background here: In January of 1996 Judge Tennille was sworn in as the first Special Superior Court Judge for Complex Business Cases in North Carolina and charged with creating…Continue
Added by Kathy Baker on October 29, 2010 at 1:09pm — No Comments
Desde los inicios de los tiempos familia y trabajo han estado estrechamente ligados y, entre los eventos más importantes en la historia de cualquier empresa, la incorporación de la siguiente generación ha mantenido aun muchas de sus costumbres. Una de ellas es la gran pregunta que hasta ahora se ha hecho a sí mismo el fundador con respecto a este tema:…Continue
In the next 10 years, many families around the world will be confronted with generational leadership changes. One question that often arises when a new generation takes over, is whether it makes sense to keep the family together behind the business, or whether assets should be split between the different family branches, depending on their interest to get involved or not.…Continue
Added by Edouard T on October 28, 2010 at 5:30am — No Comments
Where do new ideas come from? What prompts a business leader to start thinking about succession? How is knowledge shared [or not] between businesses?
Of course, there are many answers to such questions, but one aspect that influences the answer to all of…Continue
Added by Claire Seaman on October 28, 2010 at 3:37am — No Comments
Do you know anyone who has told others he/she is greedy? Generally, the adjective greedy is reserved for those who are subsequently convicted of a felony or for front page stories concerning corporate America and government.
In the areas of power and wealth, all of us prefer to be known as generous rather than greedy. Many people will classify themselves as generous, but no one volunteers that he/she is greedy except for Gordon Gekko of Wall Street cinema fame. Therein resides…Continue
Added by Grant D Goodvin on October 27, 2010 at 1:59pm — No Comments
Time for a Level Playing Field
Recently, Family Businesses from all over the world gathered for the FBN International Summit in Chicago.
At the moment, the mood in the family business sector is more positive than in living memory. Family businesses have weathered the economic crisis well and their share of world GDP is growing. The insight that families provide more jobs in the private sector than any other owner category is beginning to get the attention of…Continue
Added by Philip Aminoff on October 27, 2010 at 12:30pm — No Comments
Go to Wikipedia and they define “Entrepreneur” as “An entrepreneur is a person who has possession of a new enterprise,…Continue
Added by Frank Seyferth on October 4, 2010 at 10:49pm — No Comments
We’ve been hearing a great deal about the unemployment rate lately as political pundits try to cast blame and gain leverage based upon the current 9% to 10% unemployment rate. Evidentially for many years it has been presumed that the unemployment baseline was 3% to 4% and during good economic times it would rarely drop below 3%. This dynamic gives some level of support to my personal theory that at least 3% of the US workforce is unemployable and the percentage is only increasing due to…Continue
Added by Loyd Rawls on October 4, 2010 at 9:00am — No Comments
We live in a turbulent world. Economic crisis, regional wars, drugs and terrorism, co-exist with fascinating technological, communications and scientific developments.…Continue
Setting goals for yourself and your business is not a new concept, but taking time to create a Personal Development Plan that brings renewed energy and focus to your career and your family business can be an innovative way to strengthen both. It offers a unique opportunity for you to fully analyze your knowledge about day-to-day business operations and to assess your own strengths and talents.
Although a Personal Development Plan can be used at any point in your career, it is…
Added by Beatrice Wolper on October 1, 2010 at 7:30am — No Comments