The process of working with family enterprises can be complex, due to the intricacies inherent in the family business system, the urgency surrounding the functioning of the business, and the unique context each individual member brings to the system. Many practitioners who advise family-owned companies employ assessments or surveys to gain a glimpse into what’s … Continue reading
This is a simple adage, which, despite its universal application, is identified more with the mutual fund industry than with general philosophical statements. Its applicability to business provides food for thought especially since most entrepreneurs prepare for succession while looking in the rearview mirror and aim only to pass on the business they have created. … Continue reading
FFI’s journal, Family Business Review (FBR), is a refereed journal published quarterly since 1988. A scholarly publication devoted exclusively to exploration of the dynamics of family-controlled enterprise, including firms ranging in size from the very large to the relatively small, FBR is focused not only on the entrepreneurial founding generation, but also on family enterprises … Continue reading
Past and present Family offices have been following wealth. Historically, in Europe, private banking addressed most family issues. In the US, that concept followed the Titanic and did not cross the Atlantic that well. Whilst wealth was being created, the US private banking industry was not completely tuned in and may have lacked some hindsight. … Continue reading
Managing any business involves many challenges. But managing a family business brings with it a unique set of challenges, many due to the close emotional relationships involved. In the Middle East, where relationships and family are very important, managing these challenges becomes crucial. One of the most difficult issues for a family business owner to … Continue reading
The Practitioner hopes you’ve been enjoying this year’s Wednesday editions of blogs, articles, podcasts and interviews with and by your colleagues around the world. At the end of March we published the most read articles in Q1. Today we recap the most popular of the 20 offerings between April and June. They are: Lesson for … Continue reading
For families in business nothing is more challenging than succession. Part of the problem is that succession is a multi-disciplinary task, involves multiple stakeholders, and is a once-in-a-lifetime challenge for most entrepreneurs. So, where to start when dealing with succession? Here is an attempt towards filling this gap – a six step process for practitioners … Continue reading
