A client of a 4th generation family business recently shared a view of what it is like to run his business. “There are so many people, branches, competing interests and views to contend with, I sometimes feel more like a circus ring leader than the chief executive of my family business!”
Today’s family business leaders face a different leadership challenge than their predecessors. While a founder’s success often depended on charisma, heavy- handed single leadership…Continue
Let's Get Together
This is not an article about being a better family business consultant, a more successful family business or even a more respected family researcher. Rather this is an article challenging some of our assumptions and appealing for increased collaboration between researchers and practitioners. Despite years of consulting to family businesses, our knowledge of what really works in practice is in the elemental stages and we all need to be aware of our own…Continue
At the onset of the economic crisis in 2008 and through much of its cascade of destruction into 2010, it was widely assumed by family business principals and trusted advisors alike that the unique model of ensuring shared value – with its historic emphasis on the long-term horizon – would prove to help shield family businesses from the damage that other business organizations would fail to escape.
For the most part, the assumptions proved accurate. While most family enterprises…Continue
Added by Art Stewart, MPM on December 16, 2011 at 11:25am — No Comments
Beyond The Hub ---FFI Global Education Network (GEN)
The “Wicked Good Guide to Boston English” tells us that Boston as “the Hub of the Universe” was a term first coined by writer…Continue
Added by Family Firm Institute (FFI) on December 15, 2011 at 5:30pm — No Comments
It’s been quite a field day for those of us engaged in the responsibility “business” or who are passionate about the paradigm shift in consciousness now underway. As some consistency in a better direction takes hold regarding the economic recovery, the trickle has become an avalanche.
The disturbing revelations out of Penn State’s “Happy Valley” and Syracuse University are part of a series of sorry stories in the ongoing saga of breached trust and confidence among peoples,…Continue
Added by Art Stewart, MPM on December 10, 2011 at 12:01pm — No Comments
Element 1: Time.
A transfer to insiders takes time: time to plan, time to implement and to pay the departing owner. Typically the more time owners take to transfer the company, the less risk they incur and more money they receive from the new owners.
For that reason, the first question an owner must answer is: Am I willing to take time (typically three to eight years) to execute and complete an insider transfer (while maintaining control)? If the answer is no, then it is…Continue
Added by Byron McFarland on December 9, 2011 at 7:31pm — No Comments
Stetson University is the first school in the USA to offer a degree in Family Business. The program focuses on next-generation members of family businesses, and one of its goals is to encourage them to take ownership of their own lives and careers.
Peter Begalla is the Outreach Director of the Family Enterprise Center, Adjunct Professor at the School of Business Administration at Stetson University and an expert in next-generation leadership development. This is what he has to say…Continue
Added by Carmen Lence on December 9, 2011 at 3:23pm — No Comments
Hace algunos años Antonio F., un empresario fundador de un exitoso negocio y líder indiscutible de su clan familiar, me hacía la siguiente observación en una tertulia: “Yo no tengo estudios universitarios ni ningún tipo de instrucción especializada, pero de algo sí estoy consciente: sé manejar muy bien el Poder”. La tajante frase disparó enseguida mi curiosidad. “¿A qué se refiere exactamente?”, le pregunté. “Bueno…” dijo él, bastante satisfecho por haber llamado mi atención. “Sé que muchos…Continue
Added by Guillermo Salazar on December 8, 2011 at 8:00am — No Comments