The Power of Effective Peer Groups
Latest Thinking in the Field

The Power of Effective Peer Groups

Family members in a family enterprise are often isolated, having learned early on that to share stories of their business and family can end up hurting the business and all involved. Family business-focused peer groups offer a welcome reprieve from this isolation. They normalize the individual’s experiences and provide opportunities to share with and learn … Continue reading

Long Term Incentive Programs (LTIPs) and Family-Owned Business
Latest Thinking in the Field

Long Term Incentive Programs (LTIPs) and Family-Owned Business

When a family-owned business needs to recruit a non-family CEO or COO, a well-structured Long Term Incentive Program (LTIP) is essential in attracting an outstanding candidate. However, LTIPs can make some family business owners uncomfortable. Few families want to give up true ownership, even when they realize that non-family leadership is important for the health … Continue reading

Keep the Creativity and Innovation Plugged In!
FFI Global Conference / Latest Thinking in the Field

Keep the Creativity and Innovation Plugged In!

Thanks to this week’s author Asher Noor for the concluding piece in the May series on Family Business: Electrifying! Congratulations to all the May authors and those interviewed in this series. The next series of articles related to the October global conference will appear in September. Meanwhile, stand by for the blogs, articles, précis and … Continue reading

Family Business: Electrifying (Part 4)
FFI Global Conference / Latest Thinking in the Field

Family Business: Electrifying (Part 4)

“Pain” and “Innovation” are the topics for this week’s Practitioner. Are they at odds with each other conceptually or do they enable more successful outcomes for family enterprise clients? See what you think — and thanks to the authors and to Lanie Jordan, whose introduction for Week 4 of the Special Issue on “Manage the … Continue reading

Lesson for Family Advisors: “Not all pain is harmful”
FFI Global Conference / Latest Thinking in the Field

Lesson for Family Advisors: “Not all pain is harmful”

Two brothers, Andrew and Dave, started a health-related service business in Dave’s basement. The year was 2003. Twelve years later, revenues topped $60 million, employees exceeded 240, and Dave and Andrew occupied large corner offices in their national headquarters. During that profitable run, Dave became CEO, and nine vice-presidents, including Andrew, reported to him. But … Continue reading

Jumpstarting Innovation within the Family Firm: An interview with Alan Robinson
FFI Global Conference / Latest Thinking in the Field

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.” Dr. Alan Robinson Lanie Jordan (LJ): Alan, please share with our readers how you became interested in studying, researching, and … Continue reading