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
Most businesses are cash guzzlers. They have liquidity cycles which usually define the remuneration structure — the way a family spends and lives its life. And families managing such businesses usually funnel all liquidity into them. After all, the business needs it (which to most family business owners takes precedence over other needs), and the … Continue reading
Family members in a family enterprise are often isolated, having learned early on that to share stories of their business and family can end up hurting the business and all involved. Family business-focused peer groups offer a welcome reprieve from this isolation. They normalize the individual’s experiences and provide opportunities to share with and learn … Continue reading
Following on the early release of the June 2017 issue of FBR, we are pleased to present the following three précis. Thanks to the original authors and the authors of the précis for this continuing feature in The Practitioner. Go here for: Frank Hoy’s précis of Family Firm(s) Outcomes Model: Structuring Financial and Nonfinancial Outcomes … Continue reading
(Authors: Luiz Ricardo Kabbach de Castro, Ruth V. Aguilera, and Rafel Crespí-Cladera) Research Applied précis prepared by Navneet Bhatnagar, Thomas Schmidheiny Centre for Family Enterprise, Indian School of Business Corporate scandals and financial meltdowns have led to corporate governance reforms all around the world. In addition to the rules and laws that firms have to … Continue reading
