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Family Values & Legacy

Authors discuss the significance of family values in family enterprise and their relationship to creating a family legacy.

Continuing our quarterly series on the 2024 FFI conference theme of “Mean Time: Time, Timing, and Timelessness in Family Enterprise,” we are pleased to present a podcast interview with Krishna Thapa, a “warrior monk.”

Continuing our quarterly series on the 2024 FFI conference theme of “Mean Time: Time, Timing, and Timelessness in Family Enterprise,” we are pleased to present a podcast interview the Emmanuel Mankura, an elder in the Maasai tribe.

In this week’s edition of FFI Practitioner, Ricardo Mejía shares his reflections on the importance of storytelling as a way to transmit the “company soul” to the next generation of family owners.

This week, FFI Practitioner is pleased to share a second article by Ken McCracken in honor of the 300th anniversary of the birth of economist and philosopher, Adam Smith.

In this week’s issue of FFI Practitioner, Matthew Erskine considers the ways that a prenuptial agreement can be an effective tool for family enterprises not only to protect family assets, but to articulate their philosophy and vision for the family’s future.

Thank you to this week’s contributor, Kendall Cotton Bronk, for her article summarizing the results of a research project exploring the role of family purpose in well-established family enterprises.

Thanks to FFI Fellow Guillermo Salazar, a member of the FFI Iberoamérica Virtual Study Group, for this article that explores the relationship between the hero archetype and storytelling in family enterprises.

Thank you to Núria Vilanova, this week’s contributor, for continuing FFI Practitioner’s series of articles written in both English and Spanish by members of the FFI IberoAmerican Virtual Study Group. In this week’s edition, Núria explores the themes of her recent book, which addresses the importance of family enterprises implementing a communication strategy that incorporates the family’s values.

Thank you to this week’s contributor, Tom Hubler, for reflecting on his more than thirty-five years as a family business consultant and sharing some valuable insights he’s gained during that time. We hope you enjoy reading about Tom’s experience and learning about what he refers to as the “soul” of family businesses.

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.

This week, Katherina Rosqueta, from the Center for High Impact Philanthropy at the University of Pennsylvania, explores several approaches to impact investing, an increasingly utilized strategy to align deeply held family values with their financial investment strategy.

Philanthropy is not just a “good” thing to engage in. It is also one of the most effective tools for bridging generational differences in families.

The last in the November series on “transformation in family enterprise” focuses on the power of storytelling – and how it might not be as hard to get started with your clients as you think.

Much as I admired Frank Perdue for his success with his family poultry business, I admired him even more for his success as a family man.

Wealth is the abundance of valuable resources or valuable material possessions. This includes the core meaning as held in the originating old English word weal.