Tag Archives: vision

Family Owners and/or Managers?

Posted on February 18, 2013 by johnward

by John L. Ward 52% say that the next generation will be owners and managers 24% say next generation family will own but not manage 7% are currently owned by family but not managed by family A recent survey[1] by … Continue reading →

Share
Posted in Next Generation Development, Succession Planning | Tagged , , , , , | Leave a comment

Family Business Vision

Posted on October 31, 2012 by jenniferpendergast

If you and your family hope to create a lasting family legacy by passing your enterprise down through the generations, a family vision statement will help guide you in the achieving this goal.  What is a family vision statement?  Most … Continue reading →

Share
Posted in Uncategorized | Tagged , , , | Leave a comment

Another Family Business Paradox

Posted on October 29, 2012 by jenniferpendergast

Where is your family’s focus?  In the early stages of a family business, the family must focus its efforts on the success of the business.  Second generation members often share that the business was the child in their family, absorbing … Continue reading →

Share
Posted in Paradox | Tagged , , | Leave a comment

To what end? The value of getting clarity on mission

Posted on March 22, 2012 by norbschwarz

One of the most enlightening discussions I was privileged to facilitate with a client was one involving the family’s Mission as it related to the business. The question posed was  “why do we own this business?” The question was rephrased … Continue reading →

Share
Posted in Family Business Values | Tagged , , | Leave a comment

Family Business Lessons Learned from the Debt Ceiling Debates

Posted on August 4, 2011 by chriseckrich

While speaking about contentious politics is fraught with risks, it seems that family businesses can learn a thing or two from the experience of the past month’s debt ceiling debate, so I am daring to enter into that fray in … Continue reading →

Share
Posted in Uncategorized | Tagged , , , | Leave a comment

Family Business Advantage

Posted on July 27, 2011 by johnward

by John L. Ward Professor Morgan Witzel of Exeter Business School wrote a fascinating critique of “scientific management” in the FT (July 18, 2011, p 11). In it he argued that “the passion for metrics” meant too little attention to … Continue reading →

Share
Posted in Strategy | Tagged , , , , , | Leave a comment

Partnering: a strategy for expanding your core competencies

Posted on May 18, 2011 by jenniferpendergast

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 →

Share
Posted in Strategic Planning | Tagged , , , | Leave a comment

Can you be a “realistic visionary” – It is possible with long term commitment and connection

Posted on April 26, 2011 by johnward

 “Realistic Visionary” Possible with long-term commitment and connection Dr. Anji Reddy, founder of now second generation run Dr. Reddy Labs, is described as a visionary, yet grounded, he is a “realistic visionary.” Is that a paradox? If so, it seems … Continue reading →

Share
Posted in Paradox | Tagged , , | Leave a comment

Patriarch’s New Year’s Resolution

Posted on January 7, 2011 by norbschwarz

Lack of accountability is often a major cause of succession challenges within family businesses.  Why not make the establishment of effective accountability the top priority on your New Year’s resolution list? In cases where transitions are running into trouble, lack … Continue reading →

Share
Posted in Career Development, Next Generation Development, Succession Planning | Tagged , , , , | Leave a comment