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Helping Family Businesses
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Results: 727 Record(s) Found.

How to Manage Chronic Conflict in Your Family Enterprise

Have you ever had a relationship with someone where, time after time, the interactions you had with him or her left you frustrated or angry, where there was just chronic conflict? Unfortunately, many people have had this experience. And in a family enterprise situation, where there is ample opportunity for these exchanges to occur, the results of chronic conflict produce tensions that have consequences beyond the simple communication between two people.

 
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Managing the Complexity of Human Resources in Family Firms

Because your business’s performance is so highly dependent on your people, HR is a crucial contributor to the superior performance of family firms. So, maximizing the effectiveness of your HR systems and practices will help maximize your performance across the board. The ideal role for HR is as a true champion of engagement of all firm resources, not just the human ones. In many firms, that will mean taking clear, practical steps to transition HR into a more strategic role.

 

Developing a Winning Strategy for Family and Business: The Parallel Planning Process

The parallel planning process, originally advanced by Randel Carlock and John Ward in “Strategic Planning for the Family and Business” (Palgrave, 2001), links these two powerful forces to recognize the real potential of family business. By helping both family and management create a business strategy that supports the interests of the family and the potential of the business, a powerful synergy can result.

 

Understanding the Differences Among Family Governance Forums

What is a family council and how does it differ from a family assembly or a family meeting? To help answer that question, below are brief definitions adapted from The Family Council Handbook that provide distictions among the different types of meeting forums.

 
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Getting Started with Family Governance

Family governance is a process or structure to educate and facilitate communication between family members. It also provides a forum for constructive discussion, problem solving and decisions about the family as it relates to the business, as well as, how the business relates to the family.

 
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A planning guide for transforming your company’s board of directors

An effective board of directors that is strategic and productive can help to significantly strengthen not just the business, but in many respects, the family as well. In our work, we find an increasing number of families are recognizing the potential benefits of board development – the process of formalizing their board, and including independent directors, with the goal of deriving greater benefit from their governance efforts.

 
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What it Means to be an Investing Owner and Why it’s so Important

Owners have both a right and responsibility to ensure their investment performs well. If perpetuating the family business across generations is the family’s aspiration, owners need to ensure that the business will not only survive but thrive. Our experience is that families take great pride in holding productive discussions around expectations, precisely because they are difficult conversations to have.

 
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How Board Evaluations Drive the Planning Process

One of the responsibilities of the board is to ensure there is a credible plan in place to guide the future of the business. Reviewing the planning process and plan content and holding management accountable to plan goals and timelines all fall within the purview of the board. The benefits of the planning process – clear goals, defined accountabilities, alignment of resources, prioritization of efforts, and ensuring focus on critical issues – apply to the board as well as management.

 
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15 Lessons Family Councils Wish They Knew Before They Started

Whether you are just starting a Family Council or have had one for years, much can be gained by considering the lessons others have learned in making their Family Councils work. What follows are 15 guidelines Family Councils often wish they had known sooner.

 
Two Sides of the Same Coin

Shared Vision and Effective Next-Generation Leaders: Two Sides of the Same Coin

By Stephen P. Miller, Ph.D. A survey of family business owners conducted a number of years ago by John Ward, co-founder of The Family Business Consulting Group, found that lack of a shared vision for the family business and weak next-generation leadership were two of the top three threats to long-term family firm success. John’s finding was one of the inspirations for my own research on developing next-generation leadership talent in family businesses.

 
 
Results: 727 Record(s) Found.

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