family business success Archives - Family Business Matters

My, How We’ve Grown In The Family Business Support Profession

I’ve spent some time looking back on a half-century career of working with families in business, and I see that, when those involved realized the overall impact of family businesses in global terms, then our consulting and support profession really gained depth and structure.

Takeaways From Strategic Management Society’s Meeting In Paris

What I want to say is that in my experience, much of the research is focused on what conditions do or do not exist in family. I believe there should be more focus on what actions might be taken by family business consultants to improve overall operations. That’s always been my motivator in working with the over 500 families during my 50- year career. “I hear you. I see your issues. Now let’s do something to change them.”  

It’s My Life’s Work—And It’s Time To Share It

In early 2018, in the deep winter of the Rocky Mountains, I sat down to write about what I’ve done for a living for the last 50 years. For the last 5 decades I have worked to help families in business grow, prosper, stay together, keep the love, and pass the torch when the time comes.  I acknowledge it is time for me to take what I have learned over my years in family business consulting and make it available in an online course.  Re-Imagining Relationships For Families In Business takes the learner through what I know to be the Concepts, Methods, and Techniques That Can Work Miracles. My online course includes not only what I have learned first-hand from all my years of work, but it also includes supporting research to help understand why things may happen the way they do, and how to make lasting changes to prevent future obstacles.  

Leading the Way: Europe’s First Executive MBA for Family Business

Leading the Way: Europe’s First Executive MBA for Family Business LeadersHave you heard about Europe’s first Executive MBA for family business leaders? Not only it is the first-of-its-kind degree program in Europe, but it is also the only Family Business MBA that has been accredited by the Association of MBAs (AMBA), the prestigious executive MBA accreditation group.

Top Ten Family Business Facts | Fact #2: The Cluster Model Helps Capture the Evolution of Your Family Business Over Time

The Cluster Model Helps Capture the Evolution of Your Family Business Over TimeTraditionally, family businesses are described as constituent of three overlapping circles: 1) the family, 2) the business, and 3) the ownership (Gersick, Davis, McCollom Hampton, & Lansberg, 1997; Tagiuri & Davis, 1996). Recently, Michael-Tsabari, Labaki, & Zachary (2014) suggested the Cluster Model to update the two and three-circle models by providing a more detailed picture of the circles’ evolution over time.

Special Report on Family Business in The Economist: What You Need to Know

Special Report on Family Business in The Economist: What You Need to KnowFar from declining, family firms will remain an important feature of global capitalism for the foreseeable future, argues Adrian Wooldridge.”

So begins a recent special report on family businesses published by The Economist.

What it Takes For a Family Business to Be Successful

business-successA successful family business must be poised to prosper for many generations to come. A quick list of necessary items needed to create a successful family business include: alignment on important matters, a shared vision for the company, a detailed action plan, a family constitution, a shareholder agreement, a responsible owner and an official employment policy.

Eloquent Advice For Families in Business – A Letter From a Mother to Her Sons

Letter WritingWriting a letter that expresses business advice from the leader of a family business to the successors of the business is an excellent method for examining what is truly important. This exercise allows the family business leader to reflect on the values of the family, review past challenges and provide invaluable family business advice that will provide beneficial guidance.

The Importance of Trust in Family Business

trust_fallTrust in family business is a critical issue. Strong relationships which are based on trust and communication build equality and respect - not power and control. Trust can be built, measured, tested and repaired. It is a way of reducing uncertainty in interpersonal and organizational settings and is necessary for cohesive and productive professional relationships.

Dispute Resolution in Family Business

Dispute ResolutionDisputes can cause major disruptions within a family business and even spell an end to the business if not handled effectively. This is exactly why learning how to facilitate dispute resolution in family business is vital. The development of a shareholder agreement can prove to be invaluable in resolving differences and protecting a family business from making destructive decisions.

This Is A Custom Widget

This Sliding Bar can be switched on or off in theme options, and can take any widget you throw at it or even fill it with your custom HTML Code. Its perfect for grabbing the attention of your viewers. Choose between 1, 2, 3 or 4 columns, set the background color, widget divider color, activate transparency, a top border or fully disable it on desktop and mobile.

This Is A Custom Widget

This Sliding Bar can be switched on or off in theme options, and can take any widget you throw at it or even fill it with your custom HTML Code. Its perfect for grabbing the attention of your viewers. Choose between 1, 2, 3 or 4 columns, set the background color, widget divider color, activate transparency, a top border or fully disable it on desktop and mobile.

 

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