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Educating Family Businesses

Educational resources, e.g., university based forums, and other formal tools for professionals to use with clients.

This week’s FFI Practitioner Edition by Michael Madera categorizes the mindset of many family firms in the midst of transition into “Hold, Mix, and Shift.”

When family businesses recruit outside executives, “A-level” candidates expect best practices within company governance and the search process.

Many practitioners who advise family-owned companies employ assessments or surveys to gain a glimpse into what’s occurring in the family business system.

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.

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.”

As family advisors, we know the drill. We are called to the scene and get down to investigating what happened. There is smoke and despair in the air. Porcelain has been shattered.

n the beginning, it was all about the founders’ quest for anonymity, to keep the family under the radar and the family business link private.

According to the Financial Times, the award Thinkers50 is the Oscar of the management world. The award follows two simple principles: To promote new ideas whose power is enough to improve the world.

Thanks to Steve Legler for this week’s article –complete with the sample page that facilitates the process he describes. See below for Getting Everybody on the Same Page (By Getting EveryTHING on One Page).

This week’s Practitioner features the Family Enterprise Case Competition (FECC) held at the University of Vermont in mid-January. One of the nice things about being The Practitioner is that you get invited places!

Women do it differently, we’re told, and this is true of many influential women in family firms.

While family-owned businesses have existed and evolved for centuries, knowledge of their systemic distinctiveness has a far more recent origin. Research in the field dates from just 25 to 30 years ago, but has since evolved at an exponential rate. Fortunately, this recent origin means that pioneers are still around and able to reflect on the evolution of the field. In this interview, Ken Moores talks with the co-directors of Northwestern University’s Kellogg Center for Family Enterprises, John Ward and Justin Craig. John was there at the beginning while Justin, a

As advisors, we seek to help our clients evolve to different places. Sometimes this entails changing strategies, growing the business, advancing the professionalization agenda, developing next generation leaders or increasing knowledge and awareness of their uniqueness.

Case study has emerged as a prominent methodological approach for qualitative researchers interested in family business (FB).

Culture is often thought of as a set of fixed, rigid, unchangeable characteristics belonging to a group in a specific geographic area.

Please enjoy a podcast with Doug Box of Box Family Advisors. In this interview with Lanie Jordan, Doug shares the story of his family’s business and how he, as an advisor, would have dealt with them as the client family.

Thoughts on the role of the university-based family business program Adapting to the ever-changing needs of family businesses is a full-time job.

Advisors understand that family businesses are passed down from generation to generation.

This week’s Practitioner features the Family Enterprise Case Competition held at the University of Vermont, January 15-17. One of the nice things about being The Practitioner is that you get invited places!

Research Applied précis prepared by John L. Ward, Kellogg School of Management, Northwestern University Family first or business first?