Definitions and Data
This issue follows up on last week’s article by providing more ways of understanding definitions of family enterprise as well as global and regional data points.
Evolution in Thinking About Generational Transition in Family Enterprises
FBR editor Pramodita Sharma puts the oft quoted 30-13-3 statistic on family enterprise longevity into its historical context and provides new thinking and research on how to understand and plan for generational transitions in family enterprises.
Governance as Evolution: The consequences of mega trends on family business governance
Governance is a perennial topic in the field of family enterprise. For new paradigms and insights read “Governance as Evolution: The consequence of mega trends on family business governance”.
Research Applied: FBR Summaries for the Practitioner
One of the challenges of doing research on small and medium-sized enterprises (SME) is the lack of financial and other data – data that is more readily accessible for large, publicly traded firms.
Why Location Is Everything When It Comes To Trust Planning
This week’s guest blog features a discussion of how and why the location of a trust established for US-based clients is critical.
Research Applied: FBR Summaries for the Practitioner
Continuing our popular series of executive summaries of current FBR articles, assistant editor Karen Vinton and her colleagues Andrew Hier, Nava Michael-Tsabari and Lori Muse discuss the implications for practitioners.
A Cautionary Tale: Lessons from the Inferno
This week’s guest blogger, Mitch Vandiver, presents us with a cautionary tale on the perils of neutrality for family enterprise advisors and consultants. The darkest places in hell are reserved for those who maintain their neutrality in times of moral crisis. (Dante Alighieri, The Divine Comedy) Dante Alighieri’s The Divine Comedy and Dan Brown's book Inferno, which includes many references to Dante's epic poem, would seem an odd place for advisors to find guidance regarding their work with family businesses. Yet, one of the novel's main protagonists, the Director of the Consortium,
Handing Over a Responsible Family Business: The benefits of formalising social and environmental responsibility practices
Running a family business with responsible strategies is a complex undertaking.
Innovation and Family Traditions: Are they contradictory in the Middle East?
In these situations families are forced to think wider, deeper and differently. Families in business have to be aware of not letting their culture and family priorities block their ability to grow.
Navigating the Gray in Family Business: Notes to my clients
Have you ever felt conflicted? A part of you wants one thing, but another part clearly favors something else.
Balancing Personality Traits: Capitalizing on the strengths of our “true self”
Have you ever encountered a family business leader that needed to be the protagonist, had little tolerance of being criticized, was highly seductive and had a board of directors that admired him and hardly questioned him?
Dealing with Complexity through Different Contexts
In complex situations there are no simple solutions, but there can be different contexts that range from simple to complicated, chaotic or complex (Snowden & Boone, 2007).
A Lawyer’s Dozen: 13 Roles lawyers play for family enterprises
Choosing a lawyer for a family enterprise engagement is not a simple matter. In advising family enterprises, lawyers play at least 13 roles, involving different skills, experience, approaches and temperaments.
Enhance Your Work with Improv!
What is Improv and what does it have to do with our work as advisors to family enterprises?
How Do We Deal with Stubborn & Sphexish Family Members?
Every family is as unique as its members. However, when advising families in business, we sometimes find similar challenges and complexities to address.
Temporal Dimensions of Family Enterprise Research: A complex issue
In the March 2014 issue of Family Business Review, editors Trish Reay, Carlo Salvato and Pramodita Sharma offered an extensive introduction on the “Temporal Dimensions of Family Enterprise Research”.
Explaining Family Company Success and Survival
Families in business usually have a deep desire to see the family company prosper and survive into the next generation and to keep the family successful, united, and supportive of the family company.
Managing Complexity: Moving from succession planning to developing a family strategy
Over the last 10-15 years, we’ve seen a measurable shift in the complexity and speed of change in the world that we live in.
As Time Goes By – FBR Summaries
This issue continues the executive summaries from FBR assistant editor Karen Vinton of the articles in the March FBR special issue on "Temporal Dimensions of Family Enterprise Research".
Family Advantage: Why all the doom and gloom
In this issue of The Practitioner, Lloyd Steier of the University of Alberta puts the data on family enterprise longevity in a new perspective. Important reading for everyone in the field!