The benefits and challenges of the family business component [Part 1]
Anything can cause conflict in a family business. From the pay and ownership structure within the business, to the choice of the colour of the doors on the new housing complex that a family is involved...
View ArticleThe benefits and challenges of the family business component [Part 2]
We recently looked at the causes of conflict in a family business. It’s the interlocking nature of the family, the management, and the ownership of the business, and the way they interact that creates...
View ArticleReducing conflict and enhancing decision making in the family business
What makes these meetings effective is keeping family members informed of the ‘big picture’. It’s not a decision making forum for day-to-day business or management and ownership issues. It’s a space...
View ArticleInsights on Succession in the Family Business
The Spring 2012 report of Pictet & Cie, the Swiss Private Bank, included two interesting articles on succession in the family business. One brings an academic perspective from INSEAD on the topic,...
View ArticleAvoiding the pitfalls: how family businesses are making it work
I came across this well-written article by Lydia Dishman on Fast Company – ‘How Great Family Businesses Skirt The Feuds, And Other Pitfalls’. It had some sound advice and examples on how to manage...
View ArticleAdvising the Family Firm: What do we know after 30 years of research?
Family business leaders need external advice and often engage professionals. This need has created a thriving professional services industry around family businesses. Who gives advice to family firms,...
View ArticleTackling disorganisation in a family-owned business
Chronic disorganisation causes unnecessary problems for family-owned businesses, reports Triangle Business Journal. This disorganisation is often a spill-over from a disorganised family life and can...
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