Career development is often neglected in family firms, yet it is essential to the continuous process of building leadership capacity for the future. A well-planned and effective career-development pr
Your brothers and sisters and you have collective memories of your childhood, just as your family has a collective memory of its illustrious forbears (or its notorious ne’er-do-wells); our nation has
When discussing large social trends or experiences, we tend to group people into generations. But what does it mean to be part of a generation, and what gives that group meaning and coherence? It's co
A family business, by its very nature, is a contradiction. Successful, multi-generation family businesses have figured out how to manage these contradictions and in many cases turn them into a secret
One of the key factors in maintaining the legacy of your family business is a good program of family education. Inevitably, wise business-owning families see the necessity of launching some form of ed
When a small family business begins to grow one of the first moves is to hire outside staff. Typically these employees report directly to the founder or other family members in an informal capacity. O
