In a rapidly evolving and increasingly competitive environment, is the need for an Entrepreneurial Orientation critical to ensuring the long-term survival of family firms? In this week’s edition, which is a précis of “Entrepreneurial Orientation and the Family Firm: Mapping the Field and Tracing a Path for Future Research,” an article appearing in the September issue of FBR, Maya Prabhu explores this question and the important implications of this research on the field.
When should a family begin to think about forming a family office and what factors should they consider when making this decision? Thank you to Iñigo Susaeta, this week’s contributor for continuing FFI Practitioner’s series of articles written in both English and Spanish by members of the FFI IberoAmerican Virtual Study Group.
This week’s FFI Practitioner continues the month-long series of editions relating to the theme of “Reflections.” Thank you to Ken Moores for this reflective précis, where he examines the research conducted about developing a legacy of an entrepreneurial mindset in “The Development of an Entrepreneurial Legacy: Exploring the Role of Anticipated Futures in Transgenerational Entrepreneurship,” an article that appears in the September 2018 issue of FBR.
Family Firm Institute, Inc. Releases New Resource for Family Enterprises and their Professional Advisers
Accounting for between 65 and 85 percent of all businesses worldwide, family enterprises are crucial drivers of both the prosperity of nations and the global economy.
When an unexpected disaster strikes, and family members are unaware of a patriarch or matriarch’s end-of-life care wishes, then decisions about how to proceed can create deep-seated and long-lasting conflict that can destroy a family business. This week’s contributors, Mitzi Perdue and Jane Beddall share insights from their experiences and advice about how to address this sensitive subject with your clients.
Thanks to Marianna Martinez, a member of the FFI IberoAmercian Virtual Study Group, for this article entitled, “Eight Strategies for Conflict Management in Family Meetings.” You have your choice of reading in in English or in Spanish! More articles from this group will be forthcoming. We appreciate their taking the lead in helping us publish in two languages!
We are pleased to announce that the award for the Best Article published in FBR in 2017 has been given to Daniel Holt and Kristen Madison from Mississippi State University and Franz Kellermanns from University of North Carolina at Charlotte, for their article “Variance in Family Members’ Assessments: The importance of dispersion modeling in family firm research.”
Is the pursuit of longevity by family businesses a flawed goal? Almost every practitioner would strongly answer ‘no!” However, for this week’s edition, Asher Noor has decided to adopt the contrarian position in this provocative and Shakespearean inspired piece. Let the play begin!
Thanks to this week’s contributors, Annie Koh and Esther Kong of Singapore Management University for providing a new perspective on how family business advisers can create trust and forge sustainable partnerships with the next generation. Their suggestion? The adviser should play the role of a Connector, Collaborator, and even a Co-Investor.
Family firms, like all modern businesses, must depend on growing levels of innovation in order to survive in an increasingly competitive global marketplace. This week, Diogo Cotta and Niklas Rossbach from Maastricht University discuss some alarming trends concerning innovation in family businesses and introduce a research project they’re conducting to learn more about how family businesses approach innovation opportunities.
In this week’s FFI Practitioner, we are pleased to share a compelling précis of “Nonfamily Members in Family Firms: A Review and Future Research Agenda” – an article that appears in the March 2018 issue of FBR. Thanks to Guido Corbetta of the FBR Research Applied Board for sharing an insightful review of the research’s key findings as well as discussing its practical implications for advisers in the field.
Special winter rates for FFI members to register for the 2018 FFI Global Conference in London will expire at Midnight Eastern on March 21, 2018.
Take your skills to the next level. Enroll in this special early offering of GEN 503: Tools for Positive Change in Family Business Systems: Analysis and application
The Family Firm Institute (FFI) has announced the recipients of the 2017 Academic Awards and Family Business Review (FBR) Awards.