Family Dynamics / Governance
BLOG | FAMILY DYNAMICS / GOVERNANCE
The Many Facets of Ownership
In 1978 the 2-circle illustration of family business evolved when Harvard business professor Renato Tagiuri and then-graduate student John Davis added a third circle – Ownership – to better account for the distinct groups that existed in a family business. With the addition of Ownership, the 3-circle model more accurately captured the seven facets of ownership.
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BLOG | FAMILY DYNAMICS / GOVERNANCE
A Strong Family Business Isn’t Perfect.
Running a family business is a lot like any other business. There are sales goals to meet, market trends to monitor, supply chains to navigate, stakeholders’ expectations to manage and people to hire, fire and develop. Pretty much the same… UNTIL you add FAMILY. And then, there are family dynamics to consider as you chart your business's course and build a strong family business.
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BLOG | EXECUTION
Charting Your Course versus Any Wind Will Do
One of the biggest barriers to family business growth is the lack of a written strategic plan. Why written? Because research shows when you write down your goals, you are 42% more likely to achieve the desired results. Who doesn’t want those odds on their side?
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BLOG | FAMILY DYNAMICS / GOVERNANCE
Family Business Consultants: The Rising Tide That Lifts All Boats
Family business leaders face tremendous stress as they deal with all the challenges of business, and also the inherent intertwining of business, family, and ownership. It can get messy. Family dynamics bubble over with varied perspectives, generational differences, and tenuous relationships. It’s hard to be united when there seems to be a steady flow of drama, conflict, and disharmony.
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BLOG | FAMILY DYNAMICS / GOVERNANCE
The 5Ds of Life: Cliff Notes & Challenge
Over the last few months, I have shared blogs about the 5Ds of Life – five life events that can derail your...
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BLOG | FAMILY DYNAMICS / GOVERNANCE
Family Disagreements
When disagreements happen in a family business, they can have devastating life-long effects on the family, the business and the employees.
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BLOG | FAMILY DYNAMICS / GOVERNANCE
The Most Limiting Word
Words matter. Because we become what we think about. And words are an outcome of our thoughts, consciously or subconsciously...
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BLOG | FAMILY DYNAMICS / GOVERNANCE
Don’t Lose the House
Why did I leave a comfortable position in higher education to help family businesses grow, thrive, and create legacies? Here’s a little look behind the curtain.
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BLOG | FAMILY DYNAMICS / GOVERNANCE
Distress on the highway of life & business
While the internal impact of distress is both financial and emotional, the...
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BLOG | FAMILY DYNAMICS / GOVERNANCE
Inconvenience vs Problem – Learn the Difference
Life is full of inconveniences. Life can be full of problems, too. There is a difference. A striking difference...
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BLOG | FAMILY DYNAMICS / GOVERNANCE
Finding Happiness. Stop Looking Out There.
These last two years of the pandemic have not been easy on the human psyche. For many, our physical health...
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