Skip to Main Content

Helping Family Businesses
Prosper Across Generations®

Article Archive

Category:
 
Results: 717 Record(s) Found.

Infusing Innovation into Family Business Strategy

By Joe Schmieder Developing strategies for a family business is tough work. Executing the strategies is even tougher. So how can a family business be expected to take planning to a new level? By infusing innovation into strategy!

 

Managing Risk in the Family Enterprise: It’s More than Financial

By Michael Fassler and Wendy Sage-Hayward When it comes to managing risk, it is important to ask: How does your family dimension impact your appetite for risk? How do you manage risk tolerance differences among family members? What process do you have in place to communicate decisions that may involve greater risk in order to build alignment and understanding within key stakeholders?

 

Risk Management Conversation Starter

By Michael Fassler and Wendy Sage-Hayward This tool is a guide to start the risk management conversation with your family ownership group and executive team. Analyze the answers looking for the areas of alignment on responses and the areas where there are divergent viewpoints. Use the results to prompt further discussion around your family enterprise risk appetite and development of your risk management framework.

 

Embracing Change and Honoring the Past: The Challenge of Family Business

By Stephanie Brun de Pontet, Ph.D. While we all understand that change is part of the natural order of things, few of us always embrace change - in particular significant change that we know, or fear, will have a big impact on our lives. It is human nature to resist change because it represents the unknown and the status quo is usually comfortable enough.

 

Find the Best Independent Directors for Your Family Business

By Stephen L. McClure, Ph.D. Featured in Private Company Director, March 2015

 

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.

 
 
Results: 717 Record(s) Found.

8770 W. Bryn Mawr Ave., Ste 1340W, Chicago, IL 60631
P: 773.604.5005 E: info@thefbcg.com 

© 2015 The Family Business Consulting Group, Inc. All Rights Reserved.

close (X)