Author Archives: drewmendoza

Information and Communication: The Challenge of Data Overload

A keynote speaker I heard twenty years ago, who promoted himself as a ‘futurist’, made the point: “don’t worry about the trash, we’ll find a way to deal with all the trash as better recycling technologies arise.  The thing you’ve … Continue reading

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Long-term Views: Embracing a Long-Term Perspective on Balance

We observe that one differentiating quality of multi-generational enterprising families is their tendency to take a longer term view than non-family controlled companies.  They tend to grow more incrementally.  They are often more patient in their expectations of return on … Continue reading

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What’s in a name? Use the right words to describe the family meeting

The caller told me that in her family, they have a family meeting every six months.  I asked who is invited to the meeting: “All of the family members who own stock” she said.  Spouses? “Nope.”  Siblings who don’t work … Continue reading

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Three ingredients to multi-generational firm success

Over the last twenty-plus years of working with and observing multi-generational family businesses, three attributes common to the oldest, largest and best performing ones seem to present themselves repeatedly.  First – the family shareholders are aligned around matters of vision, … Continue reading

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The road to ruin is paved with good intention – What it takes to be the company’s next leader – Part 3 of 3

  In our line of work, it is common for one family member to describe another family member in less than glowing fashion.  We hear a lot, no make that A LOT, of descriptions by one member of another that … Continue reading

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What it takes to be the company’s next leader – Part 2 of 3

Ascending to the CEO role of a family enterprise is not usually a walk in the park.  However, leadership has its benefits and, I have yet to meet a successful second or later generation leader of any family enterprise who, … Continue reading

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“Show me the money” What it takes to be the company’s next leader – Part 1 of 3

This is the first of three postings focusing on observed realities of business leadership.  The ‘Show me the money’ line comes from the 1996 movie Jerry Maguire and is said by a pro-football player to his agent, played by Tom Cruise.    … Continue reading

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Falling in love at work

What rules, if any, should address what happens if you and / or other members of your family who own stock in the family business fall in love with an employee? We’ve seen cases where that employee becomes an in-law … Continue reading

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When others in the family don’t see the need for help

“I think our family business needs help planning for the future.   Every time I raise the idea, the other members of my family resist.” This theme resonates in easily 25 percent of our initial phone calls from prospective client families. … Continue reading

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What does it take to make it as a next gen leader?

Our colleagues Asa Bjornberg and John Ward have both spent considerable time reflecting on and analyzing the answers to this question.  Their sage advice:  cherish what was as you embrace what will be.  Base your entrepreneurial initiatives on the spirit … Continue reading

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