Tag Archives: next generation

Developing the New Leaders of your Family Enterprise

Recently the Family Business Consulting Group produced a new webinar program titled “Developing the New Leaders of your Family Enterprise”.  Below are responses to a few of the questions asked by the participants during the program.  The complete webinar is available … Continue reading

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Growing up with downsizing

Do you sometimes think of the ‘good old days’ when you started in your family business with lots of business opportunities and a growing economy? As your children’s generation is starting their career in business life – things are very … Continue reading

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The Benefit of Sharing with Other Families

Recently, I have noticed a trend towards more benchmarking across family businesses.  A number of clients have requested that we introduce them to families with similar issues.  While they value consultant expertise, they really enjoy meeting one on one with … Continue reading

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How Boards Work in Brazil (Part 3)

by Stephanie Brun de Pontet & John L. Ward We surveyed 100 large, sophisticated family firms in Brazil, at a recent workshop we led for HSM.  Following is their board experience. What Type of Board? 40% have a family dominated … Continue reading

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CRITERIA FOR NEXT GENERATION DIRECTORS

by John L. Ward A very thoughtful family we know developed a family task force to develop the criteria and qualifications for next generation directors. More important than their conclusions, following, is their process: They interviewed current non-family directors and … Continue reading

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Family Business Leadership: Beyond the Business

Many business-owning families focus their attention on the transition of leadership in the business without thinking of what will happen in the family when the current family leaders are no longer present. For example, what will the siblings do to … Continue reading

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Family Businesses Often Need Leadership Transformation not Succession

Often when good succession planning occurs in a family business the next generation leader is told (or at least understands):  “we need you to lead us just the way mom or dad did.”  Certainly this expectation seems logical if the … Continue reading

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Protecting Next Generation Often Has Opposite Result

I’ve recently been dealing with a number of family businesses where the “next generation” is already in their 40s and even 50s and whose parents are “protecting” their children.  Protection comes in several forms:  providing lots of money; bailing them … Continue reading

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Posted in Next Generation Development, Paradox | Tagged , , , , | 1 Comment

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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Teach Your Children Well, or the Value of Toilet Scrubbing…

“Let them eat cake,” proclaimed Marie Antoinette upon learning that the peasants in France had no bread.  Since brioche was enriched, as opposed to normal bread, the quote reflected the queen’s obliviousness to the nature of a famine.  This arrogant … Continue reading

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