Transformation this article makes the claim that mediation, a private, voluntary and creative process, can be designed to effectively address and resolve conflict among family members engaged in family enterprise(s) and that mediation can be a transformative process.
The concept of “Hypercompetition,” which Richard D'Aveni, professor of business strategy at the Amos Tuck School at Dartmouth College, introduced in his book with the same title, is changing industries and business practices, especially management of family firms.
Succession planning is a term many advisors use to describe their services when marketing products and services to family enterprise clients. Under the label of “succession planning,” clients are presented with different products, services and outcomes, often resulting in confusion.
The second issue in the November series on the theme of transformation in family enterprise focuses on philanthropy. Go here for “How Should the Family Business Community Respond to the Challenge of Economic Inequality?” by Michael Carney and Robert Nason.
In many segments of society there is growing pessimism about established business leaders’ ability to generate a sustainable and shared prosperity.
The Human Comedy Sometimes, you set out to “transform” others and end up demonstrating how obtuse you actually are: “How can I have been so blind?”.
Thanks to Paul Karofsky and Kirby Rosplock for this interview on managing change in your family business practice.
Since the theme of The Practitioner this month is one of transformation, I would like to share the lessons learned from my transformation from family business owner to doctoral student to professional consultant.