Research Briefs: FBR Research for Practitioners
Last month, I was thrilled when asked to introduce my executive summaries of Family Business Review articles, in The Practitioner Wednesday Edition. I’m equally excited to present another assemblage of recaps for you today. Narrowing my selection to only three was no small task, since each of the articles is incredibly strong and certainly worthy of a closer look. But I think you’ll find the three I’ve chosen to be a wonderful representation of what FBR has to offer and what we as practitioners can learn from the latest research in the field. And of course,
Coloring Outside the Lines…And Outside the Circles!
Known as the “Age of Reptiles,” the Mesozoic geological era—lasting from 250 million years ago to 65 million years ago, saw pterodactyls, iguanodons and other scaly creatures meet their extinction–theoretically because of their inability to adapt to vacillating climate activities.
The Core of the Issue
FFI research rocks! There’s simply no better way to characterize the cutting edge academic reportswe’ve been bringing our global members for years--most pointedly through our flagship scholarly journal,Family Business Review. Since 1988, FBR has provided multidisciplinary research on critical matters facing family enterprises—from workplace conflict resolution, to intergenerational business transfer, to trust and estate planning issues. Bear in mind: the family enterprise discipline is still in its relatively nascent stages, and the academic community has a lot to puzzle its way through. But based on the consistently high quality reports we’ve seen, there’s a wealth of
Dancing with the Family Enterprises
This week, allow me to abandon my usual preamble and get straight to introducing our esteemed guest article contributor, Guillermo Salazar.
Developing Next-Generation Leaders
Guest Blogger: Andrew Keyt When preparing families for business succession planning,advisors often mistakenly narrow their focus to the single individual they deem most capable of running the business upon a CEO’s retirement. But to truly make sure families preserve their core values while maintaining strong corporate governance and sound strategic planning, advisors should make it their business togroom all next-generational family members for unique leadership positions. Since I began working with successors in 1997, I’ve seen first-hand how so many NextGen family members are ill-prepared to assume leadership roles. But this situation can be avoided
Investigating Family Lineage
Unless the Kardashian family is one of your clients (and The Practitioner sincerely hopes this isn’t the case), families you serve probably don’t have camera crews following them around 24/7, video-documenting their every move. Don’t worry--I’m not suggesting you set up your clients with reality show deals of their own. But I AM recommending you carefully listen to the sage words preached by Judith Kolva--author of this week’s companion article on encouraging clients to chronicle family histories by interviewing family members about generations past. We’re not talking about doing a cursory, slapdash job, here. We’re talking
When Lawyers Lawyer Up
Let’s face it: when it comes to litigating a family business dispute, a lawsuit can be a trial!
The Accountant Conduit Effect
The chicken and the egg. A snake eating its tail. A Möbius Strip. What do all of these images have in common?
Legend Has It…
In the movies, we see it time and time again–the slick Wall Street villain committing the hostile corporate takeover of a do-good company, placing a closely-held family-owned business at risk of dissolution.