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Results: 714 Record(s) Found.

Decisions, Decisions: Creating and Governing a Sustainable Family Office

By Jennifer Pendergast, Ph.D. When a family office is set up, the primary goal often is to protect and grow family wealth by providing high-quality, dedicated services in a secure, confidential environment. For families with the level of wealth required to support the cost structure, the benefits of a family office are evident. What is less evident are the challenges families face when they take on the oversight of the office without the education and engagement required by the task.

 

Building Family Harmony Starts with Living Our Values

By Deb Houden, Ph.D. Family harmony is a critical component to a strong family business. Alignment in vision and values and strong commitment from family members helps business leaders to make tough decisions that will steer the company in an appropriate direction. Family harmony and competitive advantage can result from this alignment.

 

An Uncommon Thread of Success in Family Business

By David Ransburg In any family business, there are many moving parts and therefore multiple different levers for its leaders to pull when it comes to guiding the family enterprise. Often, the factors that impact a family business’s success are out of the family’s control such as broad economic forces, political events, illness and just plain luck. However, there are factors that are within the control of a family business.

 

Planning for Continuity in Family Business: Where, Oh Where, to Begin?

By Amy Schumann Whether you are just starting formal continuity planning, or have been planning and meeting for a period of time already, The Pyramid of Family Ownership Success can offer reassurance and guidance to your efforts. Consult the Pyramid and determine which part of the continuity planning process needs attention. By starting with a strong base, you will be able to enjoy and appreciate the benefits of governance policies and practices with minimal disruption.

 

The Competitive Advantage of Culture in a Family Business

By: Kelly LeCouvie, Ph.D. and Kent Rhodes,Ed.D. Culture must be nurtured and evolve over time to reflect industry changes and internal adaptation. Yet the underlying permanence of family values and beliefs creates stability that even through leadership transitions and industry upheavals persists. This is unique to family businesses, and a significant advantage.

 

Before "I Do!"  Premarital Agreement Considerations Long Before Popping the Question

By Christopher Eckrich and Anne Hargrave Business-owning families and families of wealth find that premarital agreements for new marriages amongst their descendants provide numerous benefits, including protection of legacy assets and protection of businesses in which ownership is often shared amongst a group of people.

 

The Family Office: How to Avoid "Latent Development Syndrome"

For many wealthy families, the family office serves as an interface between family members and the family's assets, providing services that enable responsible and comprehensive management of the family's wealth while concurrently providing for the development of family members in their roles as wealth owners and beneficiaries. In our capacity as advisors to wealthy families and their family offices, we have noted on a number of occasions a dynamic that we are calling the "Latent Development Synd​

 

Undiscussables: Dealing with the Elephants in Family Business

Enterprising families often have rituals that bring joy, connectedness and stability to their members. Unfortunately, these families can also breed practices that are destructive to the cohesion of the clan. One such practice is the avoidance of difficult conversations, which over time creates taboo topics in a family, their businesses, or both. Often parents, children or others in the family or business do not know how to approach subjects that cause friction, tension or hurt feelings, so that ​

 

Family Business Leadership: The Importance of Versatility

By David Ransburg Running any business is hard, and the complexity of overlapping systems in a family business makes that environment particularly challenging. A family business leader’s response to a challenge will be influenced by all the roles he or she plays: CEO, owner, parent, spouse…

 
 
Results: 714 Record(s) Found.

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