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Resources

Useful articles, tools and other resources for professionals to use with their clients.

Thanks to Michael Madera for this article discussing three wise moves to help your family enterprise clients understand and respond to external crises.

Thanks to Doug Gray for his article on VIA Classification assessment tools, which can help family enterprise practitioners think differently about their clients’ family system.

In today’s world, family business owners have a lot to worry about – from rising taxes to developing future leadership.

Thank you to this week’s contributors, Randel Carlock and Keng-Fun Loh, for this examination of the enhanced Parallel Planning Process (PPP), a tool that can help advisors to professionalize the family and business planning process.

CEO succession to a non-family executive is particularly challenging to a CEO who is a family member.

This week’s FFI Practitioner features a conversation between Joshua Nacht and Steve Legler on the topic of “family champions” and Joshua’s recently-released book on the subject. Joshua and Steve discuss how to identify and develop a family champion as well as how practitioners can leverage a family champion in their work with family enterprises. We hope you enjoy listening!

Every Wednesday authors for FFI Practitioner share insights on the field of family enterprise advising and consulting from a variety of vantage points. Today we’d like to invite you to Write for FFI Practitioner! And… as inspiration, we point you toward examples of articles from contributors across the globe and some topics that could use more contributors.

In many parts of the world, October 31 is Halloween, so we couldn’t resist featuring some topics that might seem scary to approach with your clients. In the spirit of Halloween, here are some spooky editions.

One of the primary goals of FFI Practitioner is to provide readers with thought-provoking and practical articles to improve the services they offer to their family enterprise clients and the field in general. To further this mission, this week, we are pleased to feature a selection of articles addressing common topics, across disciplines, that can be used as examples or conversation starters with clients.

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!

Whether or not to highlight the involvement of the family in the business’ branding as a means of differentiating the business from its competition, is a question that confronts many family-owned businesses. In this week’s FFI Practitioner, Isabel Botero and Tomasz Fediuk explore both sides of this issue and share three central aspects of family business branding.

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

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.”

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).

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

Professor Leif Melin, Jönköping International Business School, explains some of the main myths still related to family businesses and why these myths are no longer a reality.

Facilitating more than 120 meetings over seven years with family enterprise members in forum groups has given me a rare and privileged opportunity to see family business myths discussed, challenged, and role-played.

Another contribution from the FFI Fellows, this article by Andrew Hier identifies concrete variables that most impact the functionality of a family enterprise or any sub-part to a family enterprise.

Myth: Family businesses are small businesses run by the seat of their pants. As such, they should do their best to keep that fact hidden, not promote it, and certainly not incorporate it into their brand.