Keep the Creativity and Innovation Plugged In!
Usually the most prized thing that we as established practitioners lose is our creativity. Once a niche is carved and sustained over decades of hard work, inevitably, at some point in time, complacency sets in.
Lesson for Family Advisors: “Not all pain is harmful”
Two brothers, Andrew and Dave, started a health-related service business in Dave’s basement.
Jumpstarting Innovation within the Family Firm: An interview with Alan Robinson
Lanie Jordan, co-chair of The Practitioner Editorial Committee interviews UMass’s Alan Robinson on corporate creativity and innovation. “In organizations with effective idea systems, roughly 80 percent of overall performance improvement comes from front line ideas.”
Sparking Powerful Conversations in the Family Business
I think advisors recognize that business owners have an added level of complexity in their lives — this holds true for wealth-holding families as well. This complexity is just a natural part of the system.
The Power of Fear on the Family Firm: Avoiding a power outage
As advisors, we see how fear grips family firms and interferes with the work we are hired to do. Decisions on issues like succession are delayed, and difficult conversations about wealth are avoided.
Short Circuiting in Succession Planning
Practitioners and family enterprise clients short circuit all the time in succession planning. That doesn’t mean that the advisor/client relationship breaks down – although sometimes sparks do fly.
Live Wires in the Family Enterprise
As family advisors, we know the drill. We are called to the scene and get down to investigating what happened. There is smoke and despair in the air. Porcelain has been shattered.
Harnessing the Power of Being Heard
Conflict is a part of life — and of family enterprises Conflict is a broad and important topic. It’s an unavoidable part of life and of human interaction.
Empty Structures Syndrome: Losing the energy that drives governance
It’s a paradox: Some family owner groups in the third, fourth, fifth generation, and beyond, have sophisticated governance structures and a history of embracing world-class family business advisory help.
Defusing NextGen’s Explosive Exposé!
n the beginning, it was all about the founders’ quest for anonymity, to keep the family under the radar and the family business link private.