Inside Out: Rethinking estate planning for family businesses
A perennial topic from a new perspective. Read Roy P. Kozupsky’s (Smith, Gambrell & Russell, LLP,) and Amy Renkert-Thomas’ (Withers Consulting Group) blog “Inside Out: Rethinking estate planning for family businesses”.
Mentoring Across Family-Owned Businesses
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”.
Research Applied: FBR Précis for the Practitioner
Continuing our Research Applied précis for the September issue of FBR. Go here for Ken Moores précis on Linking Bonding and Bridging Ownership Social Capital in Private Firms: Moderating Effects of ownership-management overlap and family firm identity.
Linking Bonding and Bridging Ownership Social Capital in Private Firms: Moderating effects of ownership-management overlap and family firm identity
The family effect is generally regarded as the differentiating factor between family and non-family firms.
Is Diversity Management Related to Financial Performance in Family Firms?
Compelled by regulatory and market forces, organizations are adopting measures for increased diversity in the workforce, top management teams and boards of directors.
Research Applied: FBR Précis for the Practitioner
Two provocative articles on internal and external advisors to family enterprises.
Which Type of Advisors Do Family Businesses Trust Most? An exploratory application of socioemotional selectivity
Can a theory from the field of psychology help build our understanding of family business leaders’ decision making and, in particular, in their choice of advisors?
All in the Family? An exploratory study of family member advisors and firm performance
Research Applied précis prepared by Thomas V. Schwarz, Babson College & Black Forest, LLC Almost all firms use advisors of some type.
Challenging Myths with a Group Reality Experience: Facilitating family enterprise members learning in forum groups
Facilitating more than 120 meetings over seven years with family enterprise members in forum groups has given me a rare and privileged opportunity to see family business myths discussed, challenged, and role-played.
Thoughts on the Myths and Realities of Structure: An advisor’s experience over time
Twelve people hungry for change are gathered in a room, even though they have strong reservations that anything can change.
Myths and Utopias for a Never-Ending Project: An interview with Jaume Tomás Carulla
“I am an entrepreneur, because I don’t know how to do anything else,” is one of the phrases from the interview that might help to define Jaume Tomás Carulla’s versatile nature.
The Myth of Working with the Family System
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.
Myths, Realities And The Family Office CFOs’ Leap Of Faith
Not many choose to be a professor, tax partner or an entrepreneur in their school essays querying aspirations.
Next Generation Leadership: Learning from the past and preparing for the future
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.
The Evolving Role of Family Enterprise Boards
An audio interview with Kristi Daeda who leads the governance practice with The Family Business Consulting Group.
Myth: The goal of any family business is to maximize Profits
A case: One beautiful, sunny day, Edward, 73, sat back at his desk and assessed his life. He was living the dream—with one exception. He had several homes, a devoted second wife, and he spoke with his best friends every day. However, his business was failing. Over the past ten years, he had hired many of his best friends to lead various divisions of his manufacturing company, and Edward and his GMs were having a ball. The company manufactured sporting goods that he and his friends used all the time. Unfortunately, the
Are the Myths Your Clients Believe about Value Hurting Their Family Business?
Your clients are savvy business owners. But are some of the beliefs they have about the value of their operations holding them back? See if these sound familiar.
Four Classic Definitions of "Role"
In preparation for the August series on “Myths & Realities: Roles and Their Overlap,” The Practitioner explores the topic of “roles” in a broader context.
Don’t Be an Expert — Listen like a cow!
Listening like a cow? What does this metaphor mean to family enterprise advisors? Read the article by Grant Thornton’s Annika Hall as she explain the benefits of “listening like a cow!”.
Myth & Reality: Why all the fuss over family business? Ask the Wall Street Journal!
Thanks to this week’s blogger Mary Daugherty of the Opus College of Business at the University of St. Thomas for another contribution to our myths and realities series.