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Family Business Wiki's TOWN SQUARE

All Blog Posts (369)

Family-Enterprise Management

Family Business Blog: http://familyfirmblog.wordpress.com/basco-rodrigo/

“Business management” and “Family-Enterprise management” are two distinct concepts, even though they are closely related. The former refers to the management of business in general, while the latter refers to the management of specific types of firms, i.e. family firms.

Surely you think that firms are firms and that…

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Added by Rodrigo Basco on August 29, 2013 at 3:30am — No Comments

LIDERAZGO EMOCIONAL EN LAS FAMILIAS EMPRESARIAS

LIDERAZGO EMOCIONAL EN LAS FAMILIAS EMPRESARIAS

 

Hace algunos días me encontraba en Nueva York, en la reunión anual del Family Business Network NxG, Organismo que engloba las empresas familiares más importantes del mundo.

 

Después de una larga conversación con un miembro de una empresa familiar que empezaba a trabajar en la empresa, me dijo: “Yo tengo que demostrar a mi padre, a mi familia, mi valía. A los empleados de la empresa, que soy algo más…

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Added by BORJA RAVENTÓS on August 20, 2013 at 7:46am — No Comments

EMOTIONAL LEADERSHIP IN THE FAMILY COMPANY

I was recently in New York to attend the annual meeting of the Family Business Network NxG (Next Generation Programe), which includes family businesses from around the world.



After a long conversation with a next generation member of a family business, he said: "I have to demonstrate my value to my father and my family.  To employees of the company, I have to demonstrate that I am more than just the owner's son, I'm willing to be one of them, and to work as hard as anyone…

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Added by BORJA RAVENTÓS on August 11, 2013 at 11:37am — No Comments

Do addictions hinder the lifecycle of the family business?

When I became interested in the family business literature it was very striking to find that some addiction experts, especially experts in drugs and alcohol, had observed that the vast majority of addicts, despite their boasts of maturity and Independence, had actually depended very heavily on their family of origin. They lived with their parents, and were financially dependent on them, even when they were old enough to be fully emancipated.



This dependence on one’s parents…

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Added by Javier Macias on August 9, 2013 at 4:30am — No Comments

¿Las adicciones frenan el ciclo de vida de la Empresa Familiar?

Cuando comencé a interesarme por la literatura de empresa familiar me resultó muy llamativo descubrir que algunos autores expertos en adicciones, sobre todo en drogas y alcohol, habían observado que la gran mayoría de los toxicómanos, a pesar de los alardes de madurez e independencia, en la práctica dependían en gran medida de su familia de origen. Si no vivían en el hogar de los padres, dependían de ellos económicamente, aún estando en edad suficiente para estar completamente…

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Added by Javier Macias on August 9, 2013 at 4:30am — No Comments

WHEN AN HEIR TO A FAMILY BUSINESS IS EXCLUDED

A CASE STUDY TO SERVE AS AN  EXAMPLE

Alberto, 30 years old, is the only son from the first marriage of Manuel Delgado, one of the two successors of Ricardo Delgado, the founder of the family business.

The separation of Manuel and Alberto's mother was traumatic, to the point that for years Manuel never had contact with his son.

Manuel remarried, and had two children with his second wife, with whom he lived until his death, which occurred suddenly two years ago.

By…

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Added by Leonardo J. Glikin on August 7, 2013 at 8:34am — No Comments

EXCLUYEN A UN HEREDERO DE LA EMPRESA FAMILIAR

UN CASO, A MODO DE EJEMPLO

Alberto, 30 años, es el único hijo del primer matrimonio de Manuel Delgado, uno de los dos sucesores de Ricardo Delgado, el fundador de la empresa familiar.

La separación de Manuel y la madre de Alberto fue traumática, al punto que, durante años, Manuel no tuvo contacto con su hijo. 

Manuel volvió a casarse, y tuvo dos hijos con su segunda esposa, con quien convivió hasta su fallecimiento, que ocurrió repentinamente hace…

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Added by Leonardo J. Glikin on August 7, 2013 at 8:33am — No Comments

Seven songs that come to mind when working with family businesses

Working as a family business consultant is usually an intense and exciting activity. Sharing with families changes to their processes, or resolving difficult challenges in family relationships are some of the experiences which can result in great professional satisfaction ... or leave you truly exhausted.



Sometimes in the course of drafting a Family Protocol (Constitution) or during a session of a Family Council, we live through situations (pleasant at…

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Added by Guillermo Salazar on August 5, 2013 at 2:30pm — No Comments

Siete canciones que vienen a mi mente cuando trabajo con empresas familiares

El trabajo como consultor de empresas familiares suele ser una actividad intensa y apasionante. Compartir con las familias sus procesos de cambios, entablar conversaciones difíciles o resolver trabas en las relaciones de familia, son algunas de las experiencias que te pueden dejar con una gran satisfacción profesional… o dejar verdaderamente exhausto.

 

A veces, en el transcurso de la redacción de un Protocolo Familiar o durante la sesión de un Consejo de Familia, vivimos…

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Added by Guillermo Salazar on August 5, 2013 at 2:30pm — No Comments

La crisis nos está enseñando el valor de volver a las bases

¿Por qué España es el país que en términos relativos más producto Madoff compró? Iñigo Susaeta nos propone esta pregunta como un análisis reflexivo de nuestra falta de madurez a la hora de invertir. «Hasta el año 2007, España ha vivido 15 años de un efecto riqueza muy grande. La crisis nos está enseñando la importancia que tiene el volver a las bases y rescatar valores como el esfuerzo, la generosidad, la laboriosidad o el darse a los demás».

«La confianza se labra día a día para que…

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Added by Iñigo Susaeta Córdoba on August 5, 2013 at 8:12am — No Comments

Como superar el sindrome de la princesa triste

La princesa está triste… ¿Qué tendrá la princesa? Dice que el Rey no la incluye en la toma de decisiones, no le da verdadera responsabilidad y no la forma para gobernar el reino en el futuro. Dice que el príncipe consorte se enfada con ella sin razón. Dice que sus obligaciones familiares limitan su libertad dejándola sin tiempo para seguir formándose, buscar maneras de desarrollar sus habilidades o oportunidades donde poder ejercer sus…

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Added by Carmen Lence on August 5, 2013 at 4:18am — No Comments

How To Overcome The Sad Princess Syndrome

The Princess is sad. What could it be the Princess has? She says the King does not include her in any

decision making, nor gives her any true responsibility, nor is he raising her to govern the kingdom in

the future. She says the Prince Consort gets angry with her for no apparent reason. She says that her

family obligations limit her freedom and leaves her no time to continue to grow, look for ways to

develop her…

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Added by Carmen Lence on August 5, 2013 at 4:09am — No Comments

Aspects to Consider in the Creation and Design of a Family Office

Creating a Family Office is not an obvious process. It requires deep thought by the family and the support and collaboration of consultants specializing in this type of process.

 

The prior reflection which every business family should go through regarding the need for a family office must be based on the belief that a family office improves the sustainability of family assets and resolutely working on,

• The Alignment of the Family

• Family Trust

• Increased…

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Added by Iñigo Susaeta Córdoba on August 3, 2013 at 5:30pm — No Comments

Aspectos a considerar en la creación y diseño de un Family Office

La creación de un Family Office no es un proceso obvio y requiere de una profunda reflexión por parte de la familia y de la ayuda y colaboración de asesores especializados en este tipo de procesos.



La reflexión previa que toda familia empresaria debe hacer sobre la necesidad de contar con un Family Office debe sustentarse en el convencimiento de que una oficina familiar mejora la sostenibilidad del patrimonio familiar ya que trabaja decididamente sobre,

• El Factor…

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Added by Iñigo Susaeta Córdoba on August 3, 2013 at 4:30pm — No Comments

Empresas Familiares: No a la sucesión, si al traspaso generacional

"Lo importante es destacar que el gobierno corporativo no es un instrumento individual sino más bien un concepto que incluye el debate sobre las estructuras apropiadas de gestión y control de las empresas. También incluye las reglas que regulan las relaciones de poder entre los propietarios, el consejo de administración, la…

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Added by Santiago Eduardo Antognolli on July 26, 2013 at 11:56am — No Comments

MAKE YOUR LIFE RICHER BY GIVING

FAMILY PHILANTHROPY



Family philanthropy is a wonderful arena though which families in business can develop many skills. Governance and financial literacy are two good examples. In addition, families can learn about group decision-making and how to constructively deal with disagreements. It is hard to imagine a safer or more productive way for a family to learn how to collaborate than having them wrestle with whether or not to donate funds to cancer research or to a…

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Added by David C. Bentall on June 7, 2013 at 4:30pm — No Comments

The importance of communication and education for long term family business success.

Introduction

Most of the families and advisors around the world are familiar with the saying “Shirtsleeves to shirtsleeves in three generations”.  The first generation builds the wealth, the second generation preserves it and the third generation enjoys it.

Extensive research and statistics show that rather than just being a mere expression, ‘shirtsleeves to shirtsleeves’ is in fact a very real and widespread…

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Added by Edouard T on June 6, 2013 at 2:00am — No Comments

A Big Conversation for the New Philanthropists

A Big Conversation for the New Philanthropists

The philanthropic landscape is evolving to the next level of impact and many of the old guard are struggling with the shift. The Millennial generation is not content to wait around; they are more confident and…

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Added by Aron Pervin on June 4, 2013 at 8:00pm — No Comments

Family Business: Competence is Key

Family Business: Competence is Key

by Dr Denise Kenyon-Rouvinez

 

Family businesses have an outstanding record of long-term performance, and the smartest of them know that the competence required is not simply inherited. Yet it is still rare to come across a strategic and comprehensive approach to building competence across all parts of a family firm.

Partly, this stems from a difficulty in articulating clearly what competence is. …

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Added by Denise Kenyon-Rouvinez on June 3, 2013 at 4:34pm — No Comments

So, Don’t Talk to your Family about Money

So, Don’t Talk to your Family about Money

 

Why not?

 

Reason 1:  Knowing about the family’s millions will destroy the next generation’s will to turn those millions into billions.

 

Reason 2:  The next generation will remain children well into their 60’s, or is it 70’s, maybe 80’s. One of these days, we might tell them…

 

Reason 3:  With…

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Added by Joanie Bronfman on June 3, 2013 at 4:00pm — No Comments

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