Family Business Wiki's Town Square

Family Business Wiki's TOWN SQUARE

October 2011 Blog Posts (10)

Latest article: "Raising the Credibility Quotient of Responsible Leadership"

It’s a maxim you’ve likely heard repeated enough through the years that it became a mantra if you followed it – or a cliché if you failed to heed the wisdom of its simplicity: Walk your talk and the rest will follow.



Right now, business leaders are struggling to maintain grounding in an era of unprecedented upheaval of status quo assumptions and a dismantling of the historic "establishment" prerogatives.



If you look more closely at any number of marquee businesses that… Continue

Added by Art Stewart, MPM on October 26, 2011 at 8:59am — No Comments

Hub and Spoke Eventually Chokes

Last year while reading the Orlando Business Journal I came across a one liner that read, “the sign of a good leader is when the business runs as smoothly when the leader is in the business as when he or she is out of the business.” As a succession planning professional dedicated to impacting lives and perpetuating family business legacies, this quote resonated with me. While it occurred to me that the title of this article sounds like a quote from Johnny Cochran, the hub and spoke approach…

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Added by David Ciambella on October 25, 2011 at 10:00am — No Comments

What does “Made in the USA” mean to you?

What does “Made in the USA” mean in this day and age of a global economy, and does it really matter anymore?

I begin with the case of a US family owned business that distributes home heating oil. I am not specifying any one particular business; there are many of these types of family-owned businesses in many industries and likely several in your region.  Perhaps their oil may be refined in the USA, but then is the refinery American owned (read: BP)?  So then is the source of the crude…

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Added by Dann Van Der Vliet on October 25, 2011 at 9:09am — No Comments

FFI 2011 Conference Session: Imagining a History of our Shared Future: The World of Family Business 15 yrs. Out.

Jerrel Jones and Jessica Geiben Lynn of the CFAR let an interactive workshop intended for participants to brainstorm what the world will like for Family Businesses and their advisors in 15 years.  The vehicle for this brainstorming session was a very interesting and effective tool, called 'History of the Future'.  

 

History of the Future is an exercise where participants are encouraged to imagine themselves in great detail at a future time.  From this future perspective,…

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Added by Doug Baumoel on October 13, 2011 at 11:47pm — No Comments

Social media hits the world of Family Enterprise

Live Blogging from FFI

Session:  TrustedFamily:  An Interactive Case Study on NeXt Generation Entrepreneurship Within the Family Ecosystem.

Presenters:  Edouard Thijssen (Trusted Family) and Larry Hause (Hause Family Business Transitions)

 

Many have argued that social media is a fad.  But with more users than the 4th largest country in the world, and more than 200,000,000 posts, it’s safe to say it’s anything but a fad.   Whether we dinosaurs like it…

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Added by Judi Cunningham on October 13, 2011 at 6:30pm — No Comments

NeXt Generation - New Times - New Risks

Live Blogging from FFI

NeXt Generation – New Times – New Risks

         Presented by:

                           Patricia Annino, Esq., Price Lobel, Glovsky & Tye LLP

                           Gretchen Davidson, Family Navigation Strategies LLC

                           Daisy Medici, GenSpring Family Offices

 

The goal of this session was to educate participants about the new risks facing next generation leaders and to explore risk…

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Added by Blair Trippe on October 13, 2011 at 4:00pm — 1 Comment

Do you really have a family business? Spot the differences!

Do you really have a family business? Spot the differences!

 

Noting the differences between "a family business" and "a profitable hobby that happens to

be a business" is a bit like the "Spot the differences game." At first glance both pictures

appear to be identical- a business owned by a family and run by a family member- but a

closer inspection reveals that both pictures are actually quite different. Do you want to play?

Imagine that…

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Added by Carmen Lence on October 12, 2011 at 4:44am — No Comments

Family Business without Borders

This article on Leadership Transition in Family Business was picked up by El Heraldo, a well-known newspaper in Chihuahua, Mexico.

 

The University of Nebraska is quickly becoming a source for many regarding the intricacies of transitioning family-owned businesses.  

 

Here is the…

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Added by Dave Specht on October 10, 2011 at 2:56pm — No Comments

Family Business making it's mark in Nevada Business Law Guide

A Family Business Article that I co-authored with Brent Keele from McDonald Carano Law Firm in Reno, NV showed up on page 4 of Nevada's Business Law Guide. 

 

Check it out.…

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Added by Dave Specht on October 10, 2011 at 2:51pm — No Comments

To Those Next Generation That Are Being Called “Stupid”: Use The “Trashcan” Technique.

Today I took my 3-year-old to a workshop that teaches young kids how to stay safe and defend themselves during potentially dangerous situations. One of the techniques they taught the children is called “The Trashcan”. You use The Trashcan when you are verbally abused and it basically involves catching those abusive words with your hand and, as they are garbage, throwing them away in the trashcan. After that you address the person who was abusive to you with a positive sentence that asserts…

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Added by Carmen Lence on October 6, 2011 at 2:52am — No Comments

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