Tag: family business advice

Define Your Legacy, and Strengthen Your Business and Your Impact

Unless you clearly state what you want your legacy to be, your successors will interpret it in their own way -- and it might not be what you intended. EDITOR‘S NOTE: This article was produced in Read more

The World is Changing Faster Than Your Strategy

Families that learn to use their cohesion, trust, and long-term orientation as strengths can implement strategies more effectively than their non-family peers, especially in times of uncertainty. Read more

Listening to the Family: The Strategic Value of Surveys

Surveys can reveal differing perspectives, surface hidden tensions, and – when done well – build trust, and serve as an educational opportunity. From the boardroom to the family meeting, a Read more

Planning Succession? These 10 Decisions Are Critical

Succession is not a single choice -- It is a chain of choices that interlock and compound. Avoiding any one of them will create friction or ambiguity. Succession is the defining challenge of the Read more

Family Ownership Can Undermine Financial Health

However, those who invested more in R&D and operated in countries with strong and supportive institutions enjoyed better market capitalizations. EDITOR’S NOTE: This article was produced in Read more

The 7 Gears of Leadership, And When to Use Each One

Leaders acquire tremendous human capacities as they rise to the top. Their challenge is to deploy the right strength for each difficult situation. Navigating the unique landscape of family businesses Read more

Family Firms: Building Resilience Across Generations

Building on three specific attributes -- long-term orientation, social capital, and values-driven governance -- helps families build strengths for generations to come. Family businesses are often Read more

Invite Your Next Gens to Leadership

A family business adviser shares how to improve family dynamics to help younger family members get ready for top roles. To keep a family business within the family, younger family members must be Read more

Here Are the Next Gen's Biggest Worries

Many want to know where they will fit in the family enterprise; how the wealth will be divided; and how the business will be governed as the family grows in complexity. Dann Van Der Vliet, Executive Read more

Things to Consider When Transferring Family Business Ownership

Family business succession involves transferring ownership as well as management. Family circumstances and past events lead to three types of ownership transfers. EDITOR’S NOTE: This article was Read more