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family business Tag

Thank you to Patricia Angus of the FFI Practitioner editorial committee for kicking off a month-long series of editions relating to the theme of “Reflections.” In this week’s edition, Patricia reflects on the complexities of defining some key terminology in the field. In upcoming weeks, we’re excited to continue this reflective theme with pieces by Jamie Weiner, Ken Moores, Paul Chung and Chin Chin Koh, and an interview with Dennis Jaffe. We hope you enjoy the series!

This year’s final installment of assistant FBR editor Karen Vinton’s executive summaries recaps three articles from the December 2013 issue of FBR, which examine managing the boundary between family and business.

In this week’s blog, Jamie Weiner of Inheriting Wisdom, raises some thought-provoking questions on what families and their enterprises should reveal and when, questioning the prevailing notion of advocating transparency as the “best practice” in family enterprise advising.

This issue is a précis of an August 2013 research paper by Dennis Jaffe entitled “Good Fortune: Building a Hundred Year Family Enterprise.” It includes a summary of some counterintuitive results as well as helpful suggestions for practitioners.

Today we have new twist on an old topic — multidisciplinary advising! For more than 25 years the Practitioner has lobbied for this approach. Many family enterprises globally have agreed.

This week the Practitioner features an article by Moveed Fazail, Founder & President of International Family Business Group (IFBG), on the age-old topic of father/son relationships in first generation family enterprises.

Karen Vinton’s Executive Summaries recap two articles from the June 2013 issue of FBR. In Is Nepotism Good or Bad? Types of Nepotism and Implications for Knowledge Management the authors look at two categories of nepotism, reciprocal and entitlement.

The Practitioner is pleased to bring you the first in a series of preview articles from the FBR September 2013 Special Issue on Advising Family Enterprise, co-edited by Trish Reay, University of Alberta, and W. Gibb Dyer, Brigham Young University.

In any family enterprise, the founders or senior members may doubt their decisions or the family may question their intentions.