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Family Dynamics

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

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!

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.

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!

Despite the potential for next gen donors to become the most significant philanthropists and drivers of family enterprise to date, still little is actually known about the values and tendencies of this vital demographic.

Parents who are owners of family companies are generally intensely interested in their children’s development both as healthy, aspiring individuals and as future owners.

Points of significant change and transition in the life of a family business lead to predictable psychological reactions.

Conflict is a part of life — and of family enterprises Conflict is a broad and important topic. It’s an unavoidable part of life and of human interaction.

Transformation this article makes the claim that mediation, a private, voluntary and creative process, can be designed to effectively address and resolve conflict among family members engaged in family enterprise(s) and that mediation can be a transformative process.

Thanks to Denise Federer for a new take on Next Gen leadership and how advisors can help adult children of business owners gain the respect and trust of company employees.

Female entrepreneurship and leadership is gaining momentum in Asia. Asian female entrepreneurs create more and more wealth.

Family firms play an integral role in many of Asia’s economies. Unlike their counterparts in the United States and Europe, which have several generations of sustained transitions, the majority of Asian family firms are relatively young.

According to statistics, 75% of current companies listed among America’s Top 500 won’t exist in 2027.

In India, family businesses range from small mom-and-pop stores to large conglomerates with equally varied business interests.

There will be few today who would not agree that family businesses are of chief importance in shaping the future of the MENA. This was not always the case, and only a decade ago perceptions were quite different.

While all families have varied strengths and difficulties, addiction and other chronic behavioral health issues present significant risks to family well-being and wealth preservation.

Myth 1: Avoiding talking about business at home generates healthy family relations. Reality: Lack of fluent communication among family members enhances the conflicts they face.

The Arab world is a complex region. It is geographically, culturally, historically diverse, yet, from the outside, it is often perceived as a homogeneous region and stereotypes are applied across the board.

Puerto Rico is one of the most developed countries in the Caribbean, located between North and South America where more family businesses successfully transfer ownership to the next generation than has been previously reported in the rest of the world.

This issue concludes a three-week series of précis on the five articles in the September issue of FBR. Thanks to Ivan Lansberg for this thoughtful piece on “Mentoring Across Family-Owned Businesses”.

When I was young, I waited every morning with great anticipation for my Dad to take me to Grandpa’s farm. We would spend long days caring for animals and working in the fields.