What Makes a Family Business Program Donor Tick?
Thanks to this week’s contributor, Jerry Katz, Robert H. Brockhaus Endowed Chair of Entrepreneurship at St. Louis University (SLU), for his interview with Mike Medart, a fourth generation family member of Medart Engine, for helping us understand what motivates a family enterprise member to make a gift to a university based family business program.
Research Applied: FBR Précis for FFI Practitioner
Thank you to this week’s contributor, Maya Prabhu of the FBR Research Applied Board, for sharing her précis of “The Effect of Value Congruence Between Founder and Successor on Successor’s Willingness: The Mediating Role of the Founder–Successor Relationship” – an article that appears in the September 2019 issue of FBR.
Paradigm Shifts in Addiction Treatment
In this week’s edition, we feature an interview with FFI member and Miami conference presenter, Ross Ellenhorn, in which he discusses the paradigm shift that has, and continues, to reshape thinking on addiction treatment.
Family Business Sanity Check
In today’s world, family business owners have a lot to worry about – from rising taxes to developing future leadership.
Research Applied: FBR Précis for FFI Practitioner
In this week’s FFI Practitioner, we are pleased to share a précis of “Multilayered Socialization Processes in Transgenerational Family Firms” – an article that appears in the September 2019 issue of FBR.
The Role of Risk Management in a Family Enterprise
This week, we are pleased to share an article by Bilal Zein examining the topic of risk management in family enterprises.
Interdependent Wealth: How family systems theory illuminates successful intergenerational wealth transitions
Thanks to this week’s contributor, Steve Legler, for highlighting key concepts in his recently released book, Interdependent Wealth: How Family Systems Theory Illuminates Successful Intergenerational Wealth Transitions, on relationships between family wealth and family systems theory.
Creating, Preserving, and Transferring Family Capital: The keys to family business success
Thank you to this week’s contributor, Gibb Dyer, for sharing insights he’s acquired during his thirty-five years as a family business consultant. We hope you enjoy this week’s FFI Practitioner in which the authors identifies five factors that assist family enterprises to grow and transfer their family capital to the next generation.
Launching the Parallel Planning Process: Aligning family and business systems
Thank you to this week’s contributors, Randel Carlock and Keng-Fun Loh, for this examination of the enhanced Parallel Planning Process (PPP), a tool that can help advisors to professionalize the family and business planning process.
Challenges that Asian Families Face in Developing a Full-service Family Office
This week’s FFI Practitioner edition continues our series of articles written by members of the Editorial Committee. Thank you to Paul Chung, Jeremy Cheng, and Chin Chin Koh for this article examining the challenges confronting Asian families interested in establishing a single family office as well as practical advice for advisors navigating these family office challenges around the world.
Practice, Practice, Practice: Musings on being a “Practitioner”
Thank you to this week’s contributor, Patricia Angus, who continues our series of FFI Practitioner articles written by members of the Editorial Committee. In this edition, Patricia examines what it truly means to be a “Practitioner” and the impact of ongoing practice when working with family enterprise clients.
Utilizing Social Media in Family Enterprises
Today’s edition kicks off a series of FFI Practitioner articles by members of the Editorial Committee.
Behavioural Risk in Family Business: Some thoughts on individual stories
This week’s FFI Practitioner dives into risky individual behavior within the family enterprise which, if ignored, can impact the performance of the business and the unity of the family. Thank you to Elizabeth Bagger, director general of the Institute for Family Business, for her examination of the topic and explaining how helping individuals become aware of this behavior can transform their story into their greatest asset.
Using Modeling to Diagnose Risks to Succession
Thank you to this week’s contributor, Matthew Erskine, for providing this thoughtful examination of the “Success to the Successful” model and applying to succession in family enterprises.
Is Traditional Successor Induction Still Relevant for Family Firms?
Is the traditional method of family business leadership succession, where the successor joins the business at a young age and gradually learns the values and business knowledge from the senior generation, still the best approach? In this week’s FFI Practitioner, contributors Zografia Bika, Peter Rosa, and Fahri Karakas examine this question through a study of a multi-generational Scottish construction company and share actionable insights for advisors helping clients with succession planning.
Financial Independence – A Critical Factor in Ownership and Management Succession
Thank you to this week’s contributor, Randy Waesche, for this thought-provoking examination of the influence that money and financial independence can have in the succession process.
Study Finds Children of Millionaires Want to be Stewards of Wealth
Thanks to this week’s author, Natalie McVeigh, for summarizing a recent US-based study on children (ages 16-26) of millionaires, presenting key points that could be useful to advisors, their clients, and researchers globally.
Letting Go – Five Basics
CEO succession to a non-family executive is particularly challenging to a CEO who is a family member.
Research Applied: FBR Précis for FFI Practitioner
What organizational configurations lead to the highest levels of innovation in family firms? In this week’s edition, which is a précis of “A Configurational Approach to Family Firm Innovation,” an article appearing in the June 2019 issue of FBR, Navneet Bhatnagar explores this question and its implications for family enterprise advisors.
Solution-Focused Brief Therapy: A communication model for family business interventions (Part 2)
This week’s FFI Practitioner concludes a two-part examination of Solution-Focused Brief Therapy (SFBT), by Brett Coffman. In this week’s edition, Brett addresses the need to look for change in clients and provides a mnemonic device to help remind practitioners about the various techniques associated with SFBT.