Monthly Archives: May 2012

The Ideal Family Business Leader part 1

What is the make-up of an effective family business leader?  From my own observations and interactions with family business leaders for over 30 years, as well as listening to my FBCG colleagues who have worked with 2000 family businesses, I … Continue reading

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Are Your Children Ready for the Financial Truth?

  If you are wealthy and have children, you probably worry that your money will negatively impact the development and motivation of your children. Put bluntly, you don’t want your kids to become lazy because they assume that your money … Continue reading

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Don’t treat your in-laws like a mushroom

At the end of a recent presentation, I entertained a number of questions from audience members. One executive raised his hand and asked me how the best family business leaders in the world handle their in laws. His question was … Continue reading

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Successor Legitimacy

by John L. Ward  A Financial Times article[*] about the sustainability of China’s leadership offers some ideas for family business successors.  The article outlines several forms of legitimacy that are more or less sustainable.  First is procedural legitimacy.  The people … Continue reading

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“Family Organization” – An Oxymoron?

by John L. Ward  Family organizations, such as family offices, face many paradoxical contradictions. Several follow; then a fundamental paradox will be examined.   Centralized leadership or direct democracy    – Who makes decisions?    – How is leadership selected? Individual … Continue reading

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Family Business Conflict can have Long & Complex Roots

In the context of the family enterprise, every conflict is further complicated because of the multiple roles and relationships of family members with each other. The CEO of a family enterprise may be the son of its founder. He may … Continue reading

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Key Questions for Conflict Resolution in a Family Business

To effectively address the interpersonal conflicts in family business, it is important to understand and address the unique challenges that occur when families simultaneously work to build a multi-generational enterprise, work to give back to their communities, and share financial … Continue reading

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Family Business Conflict

According to some experts, conflict is “a process that begins when an individual or group perceives differences and opposition between itself and another individual or group about interests and resources, beliefs, values or practices that matter to them”[1].  While that … Continue reading

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Is Business Longevity the Goal for Enterprising Families?

In a static or relatively stable socio-economic system, the ability to identify, sustain, and defend a niche in the marketplace creates tremendous value to pass from generation to generation.  When the socio-economic system is in ever accelerating flux, creativity and … Continue reading

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