Helping Family Businesses
Prosper Across Generations®


Article Archive

Results: 770 Record(s) Found.

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"

By David Lansky, Ph.D. and Anne Hargrave 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.


Undiscussables: Dealing with the Elephants in Family Business

By Deb Houden, Ph.D. and Wendy Sage-Hayward 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


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…


Please Welcome to the Stage, in their New Role...

By Stephanie Brun de Pontet To quote a classic rock song: "Who.... are you? Who, who, who, who..." - The Who It is hard to answer that question simply. Most of us play many roles: mother, lawyer, spouse, sibling, church elder, etc. There are roles we aspire to take on, such as business leader, and there are other roles we are stuck in by virtue of history or reputation, like the "difficult one." There are still more roles we earn or are assigned, like doctor or "peace maker."


Letting Go, Stepping Up: Leadership in Transition

By Chris Eckrich Leadership transitions in a family business are influenced by and affect a lot of stakeholders. How each stakeholder perceives the process-and their role within it-will have an impact on outcomes. Perhaps the two stakeholders who often play the most central roles in this process are the incumbent, or controlling, CEO and his or her successor.


Accountability in the Family Business: Creating a Culture for Success

Accountability is a regular discussion topic with our family business clients. When accountability is alive and well, individuals, the family and the business may share in success. When accountability is mostly non-existent, however, a pervasive attitude of entitlement may exist that can lead to the demise of the business and perhaps the unraveling of family bonds.


Developing Next-Generation Leaders in Family Business

By Stephen P. Miller Engineering a successful generational transition is often the issue that most concerns entrepreneurs who hope the businesses they have created will thrive through multiple generations of family ownership. In a survey of family business owners, Family Business Consulting Group co-founder John Ward (1997) found that weak next-generation leadership was perceived as one of the top three threats to long-term family firm su

Results: 770 Record(s) Found. © The Family Business Consulting Group, Inc. All Rights Reserved.

close (X)