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Family Dynamics

How relationship topics such as unresolved conflict, addiction and gender biases affect the family and business systems.

In this week’s FFI Practitioner, members of FFI’s Asian Circle Virtual Study Group, Kimberly Go and FFI Fellow Paul Chung, explore the complex choices facing next gen family members about whether to join the family business and the role of family business advisors in helping the family navigate these decisions.

Thank you to this week’s contributor, Ricardo Mejia, for his article exploring how implementing short-term strategic projects can further the alignment of owners and help manage conflict within the family enterprise.

In this week’s edition of FFI Practitioner, Eva Wathén provides an introduction to Restorative Mediation and explores its potential benefits as a method of conflict management for family enterprises.

This week, we are pleased to share a summary of a recent survey of wealthy Nordic women aimed at gaining a better understanding of what drives their investing decisions.

All family enterprise systems will experience conflict at some point. This week, we are pleased to share a collection of articles published in FFI Practitioner that highlight the impacts of conflict within family enterprises and provide suggestions to advisors to help guide their work helping their clients to manage these conflicts.

Thank you to Peter Jaskiewicz, Sabine Rau, and Katrina Barclay for an overview of their recent research into the hopes and desires of next generation members of family enterprises.

Thanks to this week’s contributors and members of the FFI Asian Circle Virtual Study Group, Yukio Fujimi, Chikako Kishihara, and Kazuyoshi Takei, for their article that provides an overview of the Taoist approach to family therapy.

This week, we are pleased to feature an article by 2020 FFI Fellow Thomas Ang with a suggested approach for advisors to begin discussing wealth transition with their family enterprise clients.

Thanks to Javier Macías, a member of the FFI Iberoamérica Virtual Study Group, for this article exploring three options available to consultants working with clients experiencing chronic conflict.

n this week’s issue, contributor Matthew Erskine discusses estate planning measures that can be taken to prepare for the eventuality of a beneficiary’s substance abuse issues.

During times of disruption, how can family enterprise advisors help their clients navigate unchartered waters to survive turbulence and prepare for an unpredictable future?

In this week’s edition, we feature an interview with FFI member and Miami conference presenter, Ross Ellenhorn, in which he discusses the paradigm shift that has, and continues, to reshape thinking on addiction treatment.

Thanks to this week’s author, Natalie McVeigh, for summarizing a recent US-based study on children (ages 16-26) of millionaires, presenting key points that could be useful to advisors, their clients, and researchers globally.

How can family advisors help their clients when they are so enmeshed in conflict that they seem to have erected impenetrable barriers? According to this week’s contributors, Mitzi Perdue and Amy Castoro, advisors can utilize three communication techniques to break down these barriers and address the underlying causes of the conflict. Mitzi and Amy have illustrated these techniques with an instructive case study that can be shared with clients.

How can relationship conflict and socioemotional costs impact a family business owner’s subjective assessment of the firm’s value? In this week’s edition, which is a précis of “Relationship Conflict, Family Name Congruence, and Socioemotional Wealth in Family Firms,” an article appearing in the December issue of FBR, Navneet Bhatnagar explores this question and the relevant implications for practitioners.

We hope you’ve been enjoying the month-long FFI Practitioner series dedicated to the theme of “Reflections,” which concludes this week with a piece by Paul Chung and Chin Chin Koh. In this article, the contributors reflect on the ancient Chinese Mid-Autumn Festival and explore its parallels to family enterprise.

The month-long FFI Practitioner series of pieces relating to the theme of “Reflections” continues this week with an article by the co-chair of FFI Practitioner editorial committee, Jamie Weiner. In this article, Jamie reflects on his own experience growing up with a father who was a “giant” in his community and explores the importance of creating rites of passage for next gen family business members to create their own identity and find their voice when succeeding a parent who is a “giant.”

The decision-making process within a family business can be one of the most complex issues confronting consultants when working with a client. This week, we’re fortunate to share an article from Luis Medina, where he examines these complex processes within the context of Latin American family businesses.

How can advisers utilize the creative process and even mask-making to help family businesses address and resolve conflict? For this week’s edition, we are thrilled to share an interview between Russ Haworth, host of the Family Business Podcast, and Charlotte Dillon and Oliver Hallam about their presentation at the upcoming FFI Global Conference. Their presentation is titled “Unmasking Imagination and Creativity” and will be a mask-making workshop to explore how creativity can mediate family business solutions.

Thanks to Marianna Martinez, a member of the FFI IberoAmercian Virtual Study Group, for this article entitled, “Eight Strategies for Conflict Management in Family Meetings.” You have your choice of reading in in English or in Spanish! More articles from this group will be forthcoming. We appreciate their taking the lead in helping us publish in two languages!