Representing Family Constituencies: The role of the family council
I am a fifth generation owner of a 165 year-old manufacturing business based in the Midwest.
Family Philanthropy: The glue but not the panacea!
In many countries where we work with family enterprises, there is a long history of family philanthropy and its legacy is significant. Giving as a family can be especially rewarding.
Interview with Adi Divgi on collaborative procurement
The third feature this week is an audio interview with Adi Divgi on the topic of “collaborative procurement.” Adi is the president of EA Global – a single family office created in 2005. Interviewed by Practitioner editorial committee member, Kirby Rosplock.
Harnessing Family Talent: Human resources planning and communication during family business transition
MarchFifteen is a firm made up of industrial psychologists and myself, a business/executive coach with experience in organizational development.
Game On – All together now!
Here in the United States, the National Basketball Association (NBA) Finals ended in June. The Finals are a best of seven series and the San Antonio Spurs won in five games, three of which were lopsided.
Game On – No contest!
The concept of multidisciplinary teams has been around for as long as I can remember, and teams can certainly produce great results for family companies in the right circumstances.
How the Constituencies of Family Enterprise Have Changed over the Last 25 Years
An audio interview with Drew Mendoza, managing principal of The Family Business Consulting Group.
Listen and Learn – 3 Podcasts
This issue of The Practitioner features three podcasts – two from the Family Business Review and one from The Journal of Management Education.
Your Client’s Bank May Be Sharing Information with the IRS
This issue is a primer on recent IRS programs focused on foreign financial assets of U.S. citizens and green card holders. Thanks to Ron Drucker for this timely piece.
Practical Research And Researched Practice
Today’s article is the third in a series on evolving concepts, global data points and research on practice in the family enterprise field.
Definitions and Data
This issue follows up on last week’s article by providing more ways of understanding definitions of family enterprise as well as global and regional data points.
Evolution in Thinking About Generational Transition in Family Enterprises
FBR editor Pramodita Sharma puts the oft quoted 30-13-3 statistic on family enterprise longevity into its historical context and provides new thinking and research on how to understand and plan for generational transitions in family enterprises.
Governance as Evolution: The consequences of mega trends on family business governance
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”.
Research Applied: FBR Summaries for the Practitioner
One of the challenges of doing research on small and medium-sized enterprises (SME) is the lack of financial and other data – data that is more readily accessible for large, publicly traded firms.
Why Location Is Everything When It Comes To Trust Planning
This week’s guest blog features a discussion of how and why the location of a trust established for US-based clients is critical.
Research Applied: FBR Summaries for the Practitioner
Continuing our popular series of executive summaries of current FBR articles, assistant editor Karen Vinton and her colleagues Andrew Hier, Nava Michael-Tsabari and Lori Muse discuss the implications for practitioners.
A Cautionary Tale: Lessons from the Inferno
This week’s guest blogger, Mitch Vandiver, presents us with a cautionary tale on the perils of neutrality for family enterprise advisors and consultants. The darkest places in hell are reserved for those who maintain their neutrality in times of moral crisis. (Dante Alighieri, The Divine Comedy) Dante Alighieri’s The Divine Comedy and Dan Brown's book Inferno, which includes many references to Dante's epic poem, would seem an odd place for advisors to find guidance regarding their work with family businesses. Yet, one of the novel's main protagonists, the Director of the Consortium,
Handing Over a Responsible Family Business: The benefits of formalising social and environmental responsibility practices
Running a family business with responsible strategies is a complex undertaking.
Innovation and Family Traditions: Are they contradictory in the Middle East?
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.
Navigating the Gray in Family Business: Notes to my clients
Have you ever felt conflicted? A part of you wants one thing, but another part clearly favors something else.