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Tag Archives: culture
Merry “Charisma Wrist”???
During the winter holidays, I heard a young child mispronounce “Christmas” as “Charisma Wrist,” so I now have charisma on my mind. As one who’s been fortunate to work with many effective leaders of family businesses, I’ve been thinking more … Continue reading
HEB Founder Culture 107 Years On
On November 26, 1905, Mrs. Florence Butt took out a $60 bank loan to open the first H-E-B store in Kerrville, Texas. The store was run on the ground floor of the Butt’s house and was named C.C. Butt in … Continue reading
A Founder’s Profound Influence on Business Culture
Ikea is a Swedish family owned and operated enterprise in the home furnishings retail space. Broadly known as the world leader for designing, manufacturing and selling modernly designed and cheap functional furniture, first generation founder, Ingvar Kamprad originally started out … Continue reading
Long Term Culture is Key to a Winning Business Strategy
We’ve been talking a lot lately about the important role culture plays in organizations and how that is particularly visible within family businesses. That’s because family firms have been really clear about their values from the beginning – even if … Continue reading
How Do You Describe Your Family Business’s Culture?
Anthropologists have long known that the task of learning about a specific group’s culture–or the unique way they interact with each other and complete tasks–starts by asking individual members about what they value, their key relationships, and their history. It … Continue reading
“Family” Cultures Yield Financial Results
We spoke earlier this week about a Midwestern retailer that walks its talk. Their corporate culture is directly shaped by the values of the owning family. So – the family gets the deep satisfaction of knowing they are part of … Continue reading
Communications, Compensation and Corporate Culture
Many family businesses struggle with the question – how much financial information can we share – both with employees and with other family members? In fact, one negative stereotype of family business culture is of a secretive owning family that … Continue reading
Use the ‘Parking Lot Test’ to Discern Corporate Culture
Arriving at the client’s headquarters, I noticed that only 3 of the 15 visitor parking spaces right in front of the building were occupied. As always, I parked my car at the very back of the lot, which was quite … Continue reading
Seven Timeless Principles for Effective Leaders
Part biography, part “how to” management book, and part philosophical tract, Joel Manby’s excellent new book, Love Works, is inspiring, readable and useful. Subtitled “Seven Timeless Principles for Effective Leaders,” Manby uses his experience as CEO of Herschend Family Entertainment, … Continue reading
Posted in Family Business Values
Tagged culture, Herschend, Love Works, Manby, Values
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Stewardship and Management Expectations
The concept of stewardship in family business has its roots in the long-term view that family businesses take. Building strength for the next generation not just the next quarter is the strategic advantage of family business. Because family companies have … Continue reading
Posted in Next Generation Development, Ownership & Shareholders
Tagged baskin, culture, stewards, stewardship
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