Engaging the Next Generation for Effective Family Philanthropy
In this week’s FFI Practitioner, Karen Carlson examines the benefits to engaging the next generation in family enterprise philanthropy activities at a young age and provides several best practices for next generation philanthropic engagement.
Research for Clients
As part of its mission, FFI strives to advance the field of family enterprise through applied research, providing practitioners with practical applications for research conducted by academics from around the world.
Cases for Clients
Family business cases can serve as powerful tools to integrate into consulting and educational work with clients. Cases provide an engaging way for family enterprise members to recognize issues similar to the ones they face, helping evaluate potential, less emotionally-charged solutions. To further this publication’s mission to provide readers with practical materials that support their work with multi-generational family enterprises, we are pleased to feature a selection of family business cases previously published in FFI Practitioner.
Research Applied: FBR Précis for FFI Practitioner
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.
Advisers for the New Generation: The connector, collaborator, and the co-investor
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.
Perceived Self-Interest in the Family Business: An interview with Kirsten Taylor-Martin
For this week’s FFI Practitioner, we are excited to share an interview with Kirsten Taylor-Martin about a major piece of research recently conducted by Grant Thornton. The interview, which includes useful tips and insights for advisers working with next gen family members, was actually conducted by a next gen member of Kirsten’s family - her daughter, Angelina Martin!
Direct Investing: Can this be the Second Coming for the family business?
This article explores the potential risks and rewards and provides suggestions for family business and their advisors who decide to engage in the practice.
A Journey of a Thousand Miles Begins with a Single Step: Learning from 100 year family enterprises
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.
Healthy Relationships Build Shareholder Value
This week’s article, “Healthy Relationships Build Shareholder Value,” explores five key concepts as a framework for developing multi-generational enterprises.
Byte Up! Guest Blog from Boris Matijas
In this issue The Practitioner is pleased to have a blog by FFI member and member of the Practitioner Editorial Board, Boris Matijas.
King Lear’s Fool: The role of advisors
In his article, King Lear’s Fool—The role of advisors, Dean Fowler encourages collaboration among professionals, but also argues for the individual consultant to gain mastery in an area other than his or her field of origin.
No Stone Unturned
“A quiet bias seems to exist among many family business consultants and advisors that keeping the business together, regardless of individual costs, is beneficial and should always be a primary goal".
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