Monthly Archives: May 2011

Shortermism Proved

While we who follow Family Capitalism have long believed the public markets punish long-term strategy, it’s now been proven by research at the Bank of England. An article in The Financial Times (May 23, 2011, p 11)by Richard Lambert, Chancellor of the … Continue reading

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In Brazil, Celebrating Some Paradoxes

Grupo Simtnes has been part of Brazil’s Amazon environment for more than 65 years. It seems to thrive on two paradoxical principles: “With eyes set to the future, but without neglecting its Amazonian roots…” “A mysterious and fascinating region that … Continue reading

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New Chicago Mayor Faces Old Dilemmas and Paradox

After 22 years of Daley “Junior” family leadership, Chicago has a new mayor, Rahm Emanuel. One debate he faces is whether to focus on center city development to keep the neighborhoods relevant or to focus on the neighborhoods which will … Continue reading

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“Creating Shared Value” – A Natural for Family Businesses

Perhaps you’ve already read of Michael Porter’s newest article and strategic insight. It’s likely to be one of the most profound ideas in business for the years ahead. (See Harvard Business Review, January-February 2011.)    Porter, often with his colleague Mark … Continue reading

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Should we encourage family employment?

In a recent study of large successful family businesses, I noticed an interesting trend.  Families businesses that have spent generations discouraging family members from entering the business are now developing programs to pull them back into the fold.  They have … Continue reading

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Loose and tight controls

Family businesses often pride themselves on maintaining a strong and consistent culture built on the family legacy and values.  While this adherence to a strong culture can be one of the greatest strengths of a family business, it can be … Continue reading

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Partnering: a strategy for expanding your core competencies

In Tuesday’s entry, I talked about the value of sticking to what you know.  But, if you follow that tack forever, how do you ever grow?  The answer is by building your institutional skills and experience.  Companies can build their … Continue reading

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Innovation vs. sticking to your knitting: another family business paradox

In a yesterday’s post, I shared a lesson from a study of large, old, successful family businesses – innovation is a key to success.  But, while companies in this study demonstrated an ability to innovate, they also clearly recognize their core … Continue reading

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What can we learn from big old family businesses?

I recently had the good fortune of conducting a study for a client on the characteristics of multi-billion dollar, multi-generational, international family businesses.  While many of readers won’t fit into this category, there are definitely lessons to be learned by … Continue reading

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NON-FAMILY EXECUTIVE FIT

Family business owners think a lot about how to determine the “fit” of a prospective non-family executive in a values-driven family company.  Some recommend visiting the candidate’s home; some suggest dinner with spouses.  Others find many interviews with both outside … Continue reading

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