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This week, we are pleased to share the first in a series of commentaries by members of the FFI 2086 Society about a recently released report sponsored by the group titled, “Professionalizing the Business Family: The Five Pillars of Competent, Committed and Sustainable Ownership.”

Thanks to this week’s contributor, Morio Nishikawa, for providing this case study about the Seibu Group, a Japanese family-owned business that faced a variety of legal challenges beginning in 1993 as the country’s laws changed, and the company’s practices and protocols were not updated.

How do we keep ourselves and our clients thriving during times of complexity and disruption? According to this week’s contributor, Eva Wathén, it comes down to resilience. Thanks to Eva for sharing this article, in which she presents the importance of taking your “strategic pulse.”

According to Mark Twain, “The secret of getting ahead is getting started.” In that light, we are pleased to share an article by Rochelle Mendelsohn that explores the reasons why family enterprises without a strategic plan should consider developing their first and outlines seven tips for advisors working with these organizations throughout the process.

Thanks to this week’s contributor, Jerry Katz, Robert H. Brockhaus Endowed Chair of Entrepreneurship at St. Louis University (SLU), for his interview with Mike Medart, a fourth generation family member of Medart Engine, for helping us understand what motivates a family enterprise member to make a gift to a university based family business program.

Thank you to this week’s contributor, Maya Prabhu of the FBR Research Applied Board, for sharing her précis of “The Effect of Value Congruence Between Founder and Successor on Successor’s Willingness: The Mediating Role of the Founder–Successor Relationship” – an article that appears in the September 2019 issue of FBR.