When it comes to succession planning, your attorney, accountant and financial planner can help you to transfer ownership, management and wealth to the next generation. But all of this is for naught if the underlying business is not healthy and growing. And far too many family businesses, by the second or third generation, are selling “the same old products to the same old customers” – and becoming more moribund by the day. This is where “the rubber meets the road” in succession planning.…Continue
Added by Gary M. Giallonardo on October 14, 2013 at 6:20pm — No Comments
¿Qué elementos propios del carácter familiar pueden influir en la apuesta o la aversión por la innovación? Dado el carácter estratégico que la innovación representa para la compañía, el papel del Consejo de Administración se aparece como crítico, y esto nos lleva a profundizar en los aspectos concretos de este órgano de gobierno que influyen en la orientación innovadora de la empresa.
En un exitoso intento de profundizar en la implicación de la estructura de propiedad familiar en la…Continue
Added by Jesús Negreira del Río on October 9, 2013 at 7:40am — No Comments
Defining a Family Business under the laws of the UAE: Challenges
Family business research and statistics is riddled with methodological issues, not least when determining what constitutes a family business. Whether it be in relation to ownership, control or management, countless factors are overlooked, creating inherent flaws in many definitions. The UAE is no different. To this day, defining a family business…Continue
Added by Walid S. Chiniara on October 5, 2013 at 2:25am — No Comments
Family businesses have become a hot topic all over Europe, probably because they appear as an interesting model compared to widely held firms. Indeed, they seem to have specific characteristics that are answers to what a wide consensus today recognizes as the reasons for the crisis the occidental economies are going through.
Yet media frequently report dramatic conflicts which sometimes lead to a strengthening of the family shareholding, but more often than not to muddled sales which…Continue
Added by Tandeau de Marsac on October 4, 2013 at 2:04pm — No Comments
Entrepreneurship and its integral component, innovation, are of vital importance for family enterprises in adapting to today's dynamic market environment. Increasing competitiveness, globalization and growing marketplace demands make developing an entrepreneurial culture an essential ingredient for success in the economy. No family firm can afford an attitude of passivity if it seeks to survive through multiple generations.
Although family firms are widely recognized as a major source…Continue
Added by Rick Raymond on October 2, 2013 at 3:56pm — No Comments