Image Alt

Family & Business Interface

Thoughts and ideas on the appropriate interfaces between the family and the company and/or how the family organizes for governing itself in addition to its interface with the governance structure of the company.

Thanks to Alberto Gimeno of the FBR Research Applied Board for his thoughtful précis of “Family Constitution and Business Performance: Moderating Factors” – an article that appears in the December 2017 issue of FBR.

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

(Authors: Antonio J. Revilla, Ana Perez-Luno, and Maria Jesus Nieto) Research Applied précis prepared by Kim Schneider Malek, Family Enterprise Alliance, LLC Family firms aim to survive, thrive, and outperform the competition.

Business is all about the future. An entrepreneur takes an idea and makes it into a service or product that people will want, even need, for years to come.

The authors of this study were interested in the effect of institutional transformation on family firm performance.

In this issue of The Practitioner, Kirby Rosplock from The Practitioner Editorial Committee interviews Barbara Hauser on the topic of family governance as it relates to the 2016 conference of theme of Adapt | Evolve | Transform.

If you know what will happen, it is easier to be prepared. If you don’t know, then you’ll have to adapt to whatever happens.

If it’s true that family businesses are influenced by a variety of myths, how does this impact our ability to ensure that our clients can thrive in a competitive global landscape?

Myth: The consulting focus should be on the entire family system only. Reality: Focusing on the individual earlier in the consulting process may help bring needed change.

Research Applied précis prepared by John L. Ward, Kellogg School of Management, Northwestern University When and why do family firms hire, or not hire, non-family executives?

This is the second in the February series of “Blogs from the Board.” Thanks to Adib Rashid for this blog on “Governance, Succession and the Middle East Family Business”.

Grounded in the context of the emerging economies, this paper seeks to examine the professionalization of family firms and the related performance impact during the post-IPO (Initial Public Offering) stage.

The Kingdom of Saudi Arabia is a “closed” country: a visa is needed to enter, and they are not easily granted.

Thanks to Sylvain Daudel of the EDHEC Family Business Center for a thoughtful article and practical advice on how to increase the inter-generational transmission rate in a complex, global, competitive and uncertain environment.

I am a fifth generation owner of a 165 year-old manufacturing business based in the Midwest.

Governance is a perennial topic in the field of family enterprise. For new paradigms and insights read “Governance as Evolution: The consequence of mega trends on family business governance”.

In these situations families are forced to think wider, deeper and differently. Families in business have to be aware of not letting their culture and family priorities block their ability to grow.

Families in business usually have a deep desire to see the family company prosper and survive into the next generation and to keep the family successful, united, and supportive of the family company.

Over the last 10-15 years, we’ve seen a measurable shift in the complexity and speed of change in the world that we live in.

Yirhan Sim’s case study focuses on working with a client family to achieve consensus on a protocol for family governance through the use of Key Performance Indicators (KPIs).