Family businesses are the backbone of the economy of just about every country on earth, and the wealth of nations depends on them. Many, even most of the major corporations on the planet had family business origins. Understanding family business can unlock one of the greatest and most illusive challenges in the business world. Non-family business have a lot to learn from family firms, because all organizations retain elements of families in every layer of their operations, and capitalizing on their better qualities, while avoiding the worst, can be the key to building competitive advantage through culture.
"Gordon, director general for the Institute for Family Business, and Nicholson, professor of organizational behavior at the London School of Business, analyze more than twenty family-backed enterprises that involve such names as the Bronfmans, Gallos, and Guinnesses, pointing out what went wrong and what to avoid." Foreword Reviews
"Indeed, they add that the book is designed to show how "quite simple measures and good risk management" would have saved many of the firms they have examined from their unfortunate fates." The Independent
In the last quarter of the 20th century, startups thought they knew the correct path for the startup journey. They adopted a methodology for product development, launch, and life-cycle management almost identical to the processes taught in business schools for use in large companies. Yet at the end of the day,
You are your small business and your small business is you. You are the brand. Clients are buying you. You are the main force behind your business. You are the one doing the work for your clients, and while you may have an assistant, or a contractor who helps you, you
In The Big Secret for the Small Investor, bestselling author Joel Greenblatt explains to everyday investors how to value a business, and why the small investor has an inherent edge over the big investment firms that have to show results month by month, quarter by quarter, year by year. Greenblatt then goes
If the root causes of feuds are not addressed, they can fester beneath the skill and later break out and spread with renewed vigor, like an untreated infection.
Perhaps one of the saddest features of the family wars is that over and over again bad blood breeds bad blood.
In a family when a parent and child ally against the other child, the scene is set for serious conflict.
Parents play a big part; often unwittingly fueling, the potential for conflict by how they reward, punish and label their children.
Family businesses are the backbone of the economy of just about every country on earth, and the wealth of nations depends on them.